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  • EghtesadOnline: The Rouhani administration has submitted a bill to the parliament that allows ECO Trade and Development Bank to open a representative office in Tehran to help expand ties between Iran and members of the ten-nation Economic Cooperation Organization.

  • EghtesadOnline: The specialized and commercial Iranian banks were allowed by Majlis to extend financial facilities worth a maximum $3 billion to finance development plans and key infrastructures.

  • EghtesadOnline: The Majlis on Tuesday accepted sections of the March 2020-2021 budget bill related to ways and means the government and state-run companies can raise funds via the debt market.

  • EghtesadOnline: The Majlis on Monday restricted the government’s ability to use subsidized foreign currency for importing basic goods in the next fiscal year that begins in March.

  • EghtesadOnline: Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill as well as the five-year economic development plans, has put forth a bill that would reduce tax on production from 25% to 20%.

  • EghtesadOnline: The Majlis Joint Commission has made an amendment to the 2021-22 fiscal budget bill based on which state banks can increase capital by up to 100 trillion rials ($400 million) by selling nonfinancial assets.

  • EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati criticized the parliament’s decision to raise forex rates for importing essential goods, saying that it would negatively impact monetary variables.

  • EghtesadOnline: Majlis Research Center, the research arm of Iranian Parliament, cast serious doubt over a 25% pay increase for civil servants proposed by the government in the budget bill for the next fiscal year (March 2021-22).

  • EghtesadOnline: The Majlis Research Center has looked into the performance of banks in the first quarter of the current fiscal year (March 20- June 21).

  • EghtesadOnline: The Majlis Research Center in a report explored the main reasons behind the sharp increase in consumer prices in the second quarter of the current fiscal year (June 21-Sept.21).