EghtesadOnline: The government will no longer grant subsidized foreign currency for the import of red meat, Deputy Agriculture Minister Morteza Rezaei told Fars News Agency.
EghtesadOnline: Head of the Plan and Budget Organization says the government is weighing three options on allocating $14 billion for importing essential goods in the next fiscal that starts on March 21.
EghtesadOnline: A bill proposed by the Interior Ministry that put online taxi firms’ survival at stake and could wipe out thousands of jobs has been dismissed by Cabinet.
EghtesadOnline: In a highly anticipated parliamentary decision on Saturday, lawmakers ratified an amendment to the next year’s (March 2019-20) budget bill which obliges government to allocate $14 billion subsidized foreign exchange in the form of "electronic coupon."
EghtesadOnline: Lawmakers allowed the government on Sunday to withdraw €2.37 billion from the National Development Fund of Iran to be paid in foreign currency for completing national projects in the next fiscal that starts on March 21.
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).
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: As part of its plans to reform the limping banking sector, the government has launched a program to sell excess property of state banks.
EghtesadOnline: The Majlis Research Center has called on the government and monetary regulators to boost the capital buffers of banks to help them cope with recession that observers predict will afflict the economy.
EghtesadOnline: Iran's minister of industries, mining and trade announced new concessions to exporters and promised closer cooperation to help resolve pending issues outlined in the long list of demand of businesses.