EghtesadOnline: The government has allocated 130 trillion rials ($2.7 billion) in loans to ramp up production in the current Iranian year (ending March 20), the deputy minister of industries said. Mohsen Salehinia added that about 12,500 manufacturing companies have taken out these loans so far.
EghtesadOnline: As per the budget bill of the coming fiscal year (March 2018-19), the government will allocate 180 trillion rials ($4.28 billion) out of the Subsidy Reform Plan’s resources for production sector and creation of 634,000 jobs, deputy minister of industries Reza Rahmani said.
EghtesadOnline: The shift in Iran’s social classes over the past decade and a half has created problems for domestic producers, the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: The Iranian banking system will continue to support production and employment in the current fiscal year as it did last year, says the chief executive of Bank Melli Iran.
EghtesadOnline: Presidnet Hassan Rouhani said that his administration has done its best to alleviate poverty, boost production and employment and he will attempt to give new momentum to his efforts in his second term as president.
EghtesadOnline: The governor of the Central Bank of Iran emphasized the importance of supporting production, referring to the entity he leads and the banking system as the main bodies backing the sector.
EghtesadOnline: Presidential candidate Mostafa Hashemi Taba expressed his satisfaction over a jump in Iran’s exports, underlying that the country exports have recently skyrocketed to $45 billion.
EghtesadOnline: The Central Bank of Iran does not prioritize cash injection into the market, but only to help the banks support production and job creation, the head of the Economic Office at the Central Bank of Iran said.
EghtesadOnline: The Iranian banking system will focus on increasing production and improving employment in the current fiscal year in line with the guidelines provided by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.
EghtesadOnline: The Ministry of Industries, Mining and Trade has submitted a list of 800 commodities to the government for imposing an import ban or levying higher import tariffs.