Economic News Digest

June 16, 2003 - 0:0
-- The following economic news appeared in Tehran dailies on Sunday. -- ASIA FINANCIAL DAILY High Unemployment Rate Shouldn't Become Politicized Mohammad Ali Panjeh Fooladgaran, the governor of Semnan, said that the unemployment crisis should not be turned into a factional debate to serve as fodder for political bickering, adding, "Unfortunately, in our country, the employment crisis is used as a political tool." -- HAMSHAHRI Culture and Industry Seminar to Be Held Soon

The Culture and Industry Seminar will be held from June 17 to 18, with the participation of cultural and industrial officials and enterprises, said Dr. Mohammad Ali Najafi, a top adviser to the Minister of Industries and Mines and chairman of the Culture and Industry Council. -- IRAN Iran Has Attracted $8.5bn to Develop Mining Sector

Jafar Sarqini, the deputy minister of mines and industries, has said that Iran has been successful in attracting foreign investment to develop the mining sector in recent years, adding that dozens of projects are currently under way in the country worth a total of $8.5 billion. -- IRAN NEWS 6 CNG Fuel Stations Planned

Six stations producing compressed natural gas (CNG) will be inaugurated in Mashhad, Shiraz and Karaj beginning on July 23. The Iran Fuel Conservation Organization has announced that two more stations will become operational in Shiraz by early September. -- KAYHAN INTERNATIONAL CII Business Meet Emphasizes Expansion of India-Iran Ties

Indian industrialists and businessmen, during a meeting with Iranian Ambassador to India Siavash Zargar Yagoubi here on Friday, emphasized the need to expand cooperation between the two countries in the economic and industrial fields. -- YASS-E NO Iran Capable of Earning $20bn from Transit of Goods

Mohammad-Javad Atrchian, the secretary of the international conference entitled Iran Expo Trans, said on Saturday that Iran can earn an annual amount of $20 billion by imposing a 10 percent transit fee on goods shipped through Iranian territory between Asia and Europe.