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Economy in Iran

  • Iran speaker says US counterparts attempt to kill nuclear deal

    IRAN, 2016/01/11 The US lawmakers have recently introduced several bills inclunding the HR158 which are all aimed at killing a nuclear transaction reached between Iran and the world major powers in July 2015, Iranian parliament speaker Ali Larijani said, IRNA news agency reported Jan. 10. Larijani has said that amendments to the US Visa Waiver Program (VWP) violate the nuclear transaction (the Joint Comprehensive Plan of Action/JCPOA) reached between Tehran and the world powers in July 2015 to settle out Tehran’s nuclear issue.

  • Smuggling has become a headache for Iran in recent years,

    IRAN, 2015/11/28   Smuggling has become a headache for Iran in recent years, as the Islamic Republic is losing huge all of money due to such illegal acts. Habibollah Haqiqi, Chief of Campaign against Smuggling of Goods and Foreign Currency said the illegal actions of smugglers in Iran bring them over $20 billion a year. He went on to say that the smugglers’ actions as well prevent to create about two million new jobs in the country, IRNA news agency reported. Experts say each $1 billion make it possible to open up to 100,000 new jobs, he added.

  • European nations have lined up to replace relations and trade with the Islamic Republic.

    IRAN, 2015/07/27 Following the recent nuclear transaction between the six world powers and Iran, European nations have lined up to replace relations and trade with the Islamic Republic. High-ranking officials from Europe have begun to visit Iran to replace relations with Tehran before halted as a result of its nuclear energy program. Following Germany’s economy minister, French Foreign Minister Laurent Fabius has as well announced a plan to visit Iran next week. Fabius announced his plan on July 21, refraining from giving further details about his Iran trip. However according to his aides, the top French diplomat would likely travel to Iran next Wednesday, Press TV reported.

  • The International Monetary Fund has lowered an economic increase in Iran in the coming years.

    IRAN, 2015/04/25 The International Monetary Fund has lowered an economic increase in Iran in the coming years. “Increase in Iran is projected to be 0.6 % in 2015 and 1.3 % in 2016, a downward revision from the October 2014 WEO” IMF said in its World Economic Outlook 2015, Press TV reported. The new statement released on April 14 as well expects economic increase in the Middle East and North Africa to drop by one % to reach 2.9 % this financial year. The IMF blamed this mainly on the slide in oil prices inclunding regional political conflicts.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Iran government’s goal is to increase the country’s economic increase up to 6 %

    IRAN, 2014/11/14 Iran’s Minister of Cooperative, Labor and Welfare Ali Rabi’ee said that the country plans to reach 3 % of economic increase by the end of the Iranian schedule year. “We are currently coming out of negative increase,” he said, Iran’s IRNA News Agency reported on Nov. 12. “Iran’s capital market has as well faced a 4-% increase,” Rabi’ee noted. He went on to note that the government is carrying out several projects to create additional job opportunities.

  • Rouhani Policy On Iran's Economic Mess

    IRAN, 2013/07/21 Working groups Rouhani has set up to analyze Iran’s problems before he is sworn in next month found “very different” results from those provided by Ahmadinejad’s appointees, Rouhani said. Appearing before parliament on Sunday, July 14, Iranian President-elect Hassan Rouhani did something that Mahmoud Ahmadinejad rarely did in his eight years in office and told the truth about the extent of Iran’s economic crisis. Inflation, for example, is 42% — the highest in the region “and perhaps even in the whole world,” he said, and 10 points higher than the current government has acknowledged. The anemic Iranian economy has created only 14,000 jobs a year on average since 2005 and for the initial time since the 1980-88 Iran-Iraq war, Rouhani said, “Our economic increase has been negative for two consecutive years.”

  • Iran has not paid back any of its loans to the World Bank

    IRAN, 2013/07/20 Iran has not paid back any of its loans to the World Bank for additional than six months, the bank said on Thursday, a further sign of the strains on the sanctions-hit Iranian economy. Faced with a combination of poor fiscal management and Western economic sanctions for its disputed nuclear program, Iran has suffered from spiraling prices and high unemployment in the last year. The World Bank said it was placing Iran's loans in non-performing status, as it must do at the same time as a country has not made any payments for additional than half a year. Iran owed the bank $697 million on June 30, of which $79 million was overdue.
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