EghtesadOnline: Non-compliance with the requirements of the Financial Action Task Force could result in the closure of all Iranian bank accounts around the world, including individuals and embassies, an expert on international relations said, citing comments by officials in the Foreign Ministry’s Economic Department.
EghtesadOnline: A total of 970 Iranian companies were established in Turkey last year, making Iran the biggest foreign country to form companies in the neighboring country, the head of Iran-Turkey Studies Center said.
EghtesadOnline: Iran’s economic climate is indicative of the pressure exerted by sanctions, says Mohammad-Qoli Yusefi, professor of economics at Allameh Tabataba’i University.
EghtesadOnline: Decline in electricity output due to high gas consumption in the household sector will have adverse effects on the power export, vice president of Iran Electrical Industry Syndicate said.
EghtesadOnline: The Financial Action Task Force commenced a week of meetings on Sunday to discuss major issues regarding money-laundering across continents.
EghtesadOnline: Trade between Iran and EU member states in 2019 stood at €5.22 billion to register a 71.54% decline compared with €18.35 billion in 2018, latest data provided by the European Statistical Office show.
EghtesadOnline: Iran’s total external debt was $9.05 billion by the end of ninth calendar month (Dec. 21, 2019) of the current fiscal year, according to the Central Bank of Iran data.
EghtesadOnline: The employment rate in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) was at 39.6% (24.44 million), up 0.4% compared with the same quarter of last year, the Statistical Center of Iran's latest report on Iran's job market shows.
EghtesadOnline: Purchasing Managers Index in the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 44.26, indicating that Iran’s economy remains in recession, according to the Statistics and Economic Analysis Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture.
EghtesadOnline: Several Italian banks have closed or imposed restrictions on accounts held by Iranians citing the US sanctions, and in the process creating financial difficulties for those affected.