EghtesadOnline: To help again rescue the dysfunctional local auto industry, the Central Bank of Iran agreed last month to lend €844 million to the two main companies, Iran Khodro and SAIPA.
EghtesadOnline: The government will lend money to two local auto companies, Iran Khodro and SAIPA, to the tune of 40 trillion rials ($333 million). The bailout is for paying part of the carmakers’ mounting debt to local parts makers.
EghtesadOnline: Major Iranian home builders operating in rundown urban districts can now receive up to 1.1 billion rials ($10,000) in loans from the state-run Bank Maskan, also known as the Housing Bank, as per the government’s new policy to shift the focus of major builders to distressed urban areas and informal settlements.
EghtesadOnline: A member of the Majlis Industry and Mining Commission says lack of liquidity and credit are among the most important challenges facing production units.