EghtesadOnline: The government's plan to eliminate forex subsidies will not be implemented this month despite insistence from several quarters.
EghtesadOnline: The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said.
EghtesadOnline: The budget deficit is on course to reach 4,640 trillion rials ($16.79 billion) in the fiscal 2021-22 while the government is also facing an unfunded deficit of roughly 30%, or 3,830 trillion rials ($13.86 billion).
EghtesadOnline: The government earned 852,000 billion rials ($3.15 billion) in tax revenues during the four months to July 22, which account for 93% of the sum predicted in the budget for the period and shows a 169% increase year-on-year.
EghtesadOnline: Tenancy agreements signed from September 2020-21 are eligible for security deposit loans, says Ali Qaedi, an official with the Ministry of Roads and Urban Development.
EghtesadOnline: Private enterprise needs one unambiguous message: The incoming government is here to facilitate the works and will create an efficient, responsible and dynamic environment.
EghtesadOnline: The economic priorities of the new government are: formation of its economic team and urgent actions, according to Ali Marvi, the director of Sharif Business Think Tank.
EghtesadOnline: The new government needs to address super challenges, as the country will not be an oil exporter by the end of the next decade, says Vahid Shaqaqi-Shahri, an economist and university professor.
EghtesadOnline: The government will allocate $6 billion to import essential goods at the subsidized rate of 42,000 rials per dollar in the first six months of the next Iranian year (starting March 21), says First Vice President Es’haq Jahangiri.
EghtesadOnline: The Amin al-Zarb Awards ceremony was held on Tuesday in a ceremony attended by entrepreneurs, business owners and government officials.