Economy Archives | صفحه ۱۰۳ از ۱۳۱
NIGC Says Ready to Double Supplies to Power Plants
EghtesadOnline: The National Iranian Gas Company can double the volumes it delivers to thermal power plants and supply at least 310 million cubic meters of natural gas a day to power stations at the peak of electricity consumption in mid-summer, the company spokesman said. “Thermal plants receive almost 150 mcm of gas every day that […]
Iran-Turkmenistan border bridge to be inaugurated today
TEHRAN, Jun. 08 (MNA) – Iran-Turkmenistan border bridge will be inaugurated on Monday evening, said the Iranian official. Spokesman for the Islamic Republic of Iran Customs Administration [IRICA] Seyyed Rouhollah Latifi made the announcement on Monday, saying that Sarakhs border bridge will be officially inaugurated in the presence of Iran’s Minister of Roads and Urban Development , the […]
Rising Liquidity Stress Tied to Borrowing From NDFI, Sanctions
EghtesadOnline: In a press release outlining reasons behind the monumental growth in liquidity in recent months, the Central Bank of Iran blamed borrowing from the National Development Fund of Iran and the new US sanctions on oil exports. The CBI said the stress of liquidity growth “has rightly become a catchphrase among analysts and attracted […]
Iran Gov’t Bailout Package Opts for Inflation Instead of Recession
EghtesadOnline: Coronavirus bailout loans will ultimately increase money supply but that’s the lesser evil when it comes to making a choice between inflation and recession. The 750-trillion-rial ($4.41 billion) rescue package that the government has prepared following the outbreak of coronavirus in March includes 400 trillion rials ($2.35 billion) in loans to help prevent small- […]
Lack of New Investment Can Impair Power Sector
EghtesadOnline: An estimated $1 billon is invested in power sector per annum, but to meet growing demand in coming years this should at the least double, the Energy Ministry spokesman for the power department said in Tehran. “The number of electricity meters nationwide in household, agro and industrial sectors, which now exceeds 36.7 million, jumps […]
Iran receives approval from 8 countries for exports of coronavirus test kits
TEHRAN, May 19 (MNA) – Vice President for Science and Technology Sorena Sattari announced on Tuesday that Iranian knowledge-based firms have started manufacturing coronavirus test kits and they have received approval from eight countries to export their products. Making the remarks in the southern province of Bushehr, Sattari said “Iran presently has a production capacity […]
Coronavirus Expected to Cut Exports from Iran
EghtesadOnline: Iran has to prepare for a 30% decline in its export value in the current Iranian year (March 2010-21) compared with last year, due to the impacts of the spread of coronavirus on domestic and foreign trade, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture’s board of directors said. “Under the […]
Exporters Want Changes in CBI’s Forex Repatriation Rules
EghtesadOnline: Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the government to revise stringent rules guiding repatriation of overseas earnings by non-oil exporters. Pointing to exporters’ difficulties in repatriating earnings as required by rules of the Central Bank of Iran, Gholamhossein Shafiei warned that “sticking to past methods will […]
۴.1m Tons of Essential Goods Undergo Customs Clearance
EghtesadOnline: There are 4.15 million tons of essential goods at Iranian ports, of which Imam Khomeini Port accounts for more than 3 million tons, according to the managing director of Ports and Maritime Organization. “Corn makes up the lion’s share of these goods with about 2.4 million tons. Wheat, barley, soybeans, rice, sugar, vegetable oils […]
Iran Gov’t Will Sell Stakes in Banks
EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said. The divestiture is related to non-financial assets of state-owned Bank Sepah, according to Abbas Memarnejad, the deputy economy minister for banking, insurance, and state-owned companies’ affairs. Bank Sepah plans to […]