EghtesadOnline: Despite the Iranian government’s promise to halt the production of substandard cars in a few months, recent moves indicate local carmakers are moving in the opposite direction.
EghtesadOnline: As per the new regulation ratified by the government, bananas, mangos and pineapples could be imported into Iran, provided apples are exported in return.
EghtesadOnline: One of the main objectives of the government in the next Iranian year (starting March 20, 2020) is to boost domestic production and employment.
EghtesadOnline: In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds.
EghtesadOnline: Gasoline consumption fell by 22 million liters a day in the three weeks from November 15 after the government rationed gasoline and raised prices by selling it at two rates.
EghtesadOnline: The government sold Manfa’at Sukuk bonds worth 40 trillion rials ($300 million) on Sunday to meet its budgeting needs for the fiscal year that ends in March.
EghtesadOnline: The Iranian government has set next year’s departure tax at 2.64 million rials ($20) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year (March 2020-21), 3.96 million rials ($30) for their second trip and 5.28 million rials ($40) for the third or more trips.
EghtesadOnline: The government’s Economic Council has approved a proposal by the Oil Ministry based on which the state-owned National Iranian Oil Products Distribution Company has been tasked with helping convert 1.5 million gasoline-powered vans and taxis to compressed natural gas hybrids.
EghtesadOnline: In an analytical report appraising measures taken to curb inflation, the Majlis Research Center says the government has resorted largely to temporary and micro measures to curb inflation and control liquidity but in doing so has failed to address macro variables.
EghtesadOnline: Director of Iranian National Tax Administration Omid Ali Parsa says the government’s tax revenues reached 890 trillion rials ($7.09 billion) during the first eight months of the current Iranian year (started March 21).