EghtesadOnline: The managing director of the Securities and Exchange Organization (SEO) Majid Eshqi says new export tariffs announced by the Industry Ministry could harm the financial standing of listed companies.
EghtesadOnline: Iran annually imports $5 billion worth of essential goods from Brazil with a customs duty of up to 4% while the Islamic Republic’s exports to the South American country is less than $100 million per year, says the head of Iran-Brazil Chamber of Commerce.
EghtesadOnline: The Energy Ministry's recent move to raise electricity prices for cryptomining has drawn the indignation of miners who claim the measure will tempt illegal mining and capital flight.
EghtesadOnline: The Majlis passed a bill last week based on which electricity tariffs for energy-intensive industries, namely cement factories, refineries and petrochemical and steel companies will increase fourfold to 1.6 cents per kilowatt hour.
EghtesadOnline: The Supreme Council of Iran Transport approved the exponential calculation of warehousing tariffs for imported goods parked at Iranian ports for more than 30 days.
EghtesadOnline: Power plants can supply authorized cryptocurrency miners so long as the electricity is sold at the agreed (lawful) tariffs, a spokesperson for the Power Generation, Distribution and Transmission Company (Tavanir) said.
EghtesadOnline: Minister of Industries, Mining and Trade Reza Rahmani has sent a letter to the head of Islamic Republic of Iran Customs Administration, Mehdi Mir-Ashrafi, to implement revised-down tariffs on export of unprocessed minerals.
EghtesadOnline: Iran’s total exports of iron ore witnessed a noticeable downturn since the seventh Iranian month (Sept. 23-Oct. 22), at the beginning of which the Ministry of Industries, Mining and Trade started to impose tariffs on the export of unprocessed minerals, including iron ore.
EghtesadOnline: Despite the fact that in the past few years almost 50% of foreign direct investment in Iran’s power sector was in green energy, some 200 companies active in the renewable sector are facing insolvency, board member of Iran Renewable Energy Association (IrREA) said Tuesday.
EghtesadOnline: A proposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported.