EghtesadOnline: The Central Bank of Iran has obliged importers who use subsidized currency to sell their goods via a transparent distribution network, according to a CBI official.
EghtesadOnline: Iran will continue its negotiations with the remaining parties to the 2015 nuclear deal, but is pursuing plans based on the presumption that the talks will not produce the desired outcome, President Hassan Rouhani said on Thursday.
EghtesadOnline: All market regulatory functions have been restored to the Ministry of Industries, Mining and Trade as per the decision taken by the Supreme Council of Economic Coordination last week, which gave rise to the opposition of parliamentarians.
EghtesadOnline: The Economic Commission of the government has agreed to set electricity prices for mining cryptocurrencies based on similar tariffs used for electricity exports.
EghtesadOnline: The €844 million loan earmarked for local auto parts makers is yet to materialize, due to disagreements between automakers and state players, a deputy industries minister says.
EghtesadOnline: The remaining government shares in three companies will be offered on the stock market during the current Persian month to July 22, according to an official with the Iran Privatization Organization.
EghtesadOnline: The Iranian government plans to sell off its share in the two major automotive companies: Iran Khodro (IKCO) and SAIPA.
EghtesadOnline: The government paid 360 trillion rials ($2.8 billion) to compensate losses incurred by the misconduct of shadow banks and unruly lenders in recent years, said Mohammad Baqer Nobakht, the head of Plan and Budget Organization.
EghtesadOnline: The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
EghtesadOnline: While debating the March 2019-20 budget bill on Monday, lawmakers allowed the government to borrow $30 billion in foreign finance in the next fiscal (March 2019-20).