Details on Finance Ministry’s plans for ‘Surge in Production’ announced

TEHRAN – Iran’s minister of finance and economic affairs has notified the government agencies, banks and insurance companies of the ministry's plans for "Surge in Production", which is the motto of the current Iranian calendar year (started on March 20), Tasnim news agency reported on Tuesday.

Offering state-owned shares to be expedited

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said offering the shares of state-owned companies, which are planned to be privatized, will be sped up, IRIB reported.

Iran’s 10-month liquidity growth at 28%: fin. min.

TEHRAN – Iran’s liquidity has grown by 28% in the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020), according to the Finance and Economic Affairs Minister Farhad Dejpasand.

Foreign investment in Iran up 50% in 10 months

TEHRAN - Foreign investment in Iran has risen 50 percent during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced.

Non-oil exports rise 20% in weight

TEHRAN – Iran’s non-oil exports during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) has experienced a 20-percent rise in terms of weight while contracting three percent in terms of value, according to the country’s finance and economic affairs minister.

FDI in Iran rises 20% in 7 months on year

TEHRAN- Foreign direct investment (FDI) in Iran has risen 20 percent during the first seven months of the current Iranian calendar year (March 21-October 22) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced on Monday.

Forex rate not to be changed significantly in next year’s budget

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said that the forex rate in the budget for the next Iranian calendar year (begins on March 20, 2020) is not to be changed significantly from the rate envisaged in the current year’s budget, Tasnim news agency reported.

Iranian banks to sell over $4b worth of excess assets

TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand has announced that over 170 trillion rials (about $4.04 billion) worth of Iranian banks’ excess properties have been put for sale as part of a plan to reform the country’s banking sector, IRIB reported.

By Mahnaz Abdi

‘Private sector plays significant role in non-oil exports during sanctions’

TEHRAN- Iranian finance and economic affairs minister appreciated the role that the private sector is playing to help the country sustain its non-oil exports during the sanctions time and said, “Fortunately, we managed to continue our non-oil exports, despite all difficulties and limitations, through the aids of private sector.”

By Mahnaz Abdi

Banking system reform: improving or interrupting?

Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

Iran, Azerbaijan stress bolstering joint investments

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand and Azeri Minister of Labor and Social Protection of the Population Sahil Babayev met on Tuesday to discuss ways of boosting trade ties, Shada reported.

Iran, Turkey stress expansion of trade ties

TEHRAN - Iranian Economy Minister Farhad Dejpasand says Tehran and Ankara are eager for enhancing trade interaction to achieve a target of $30 billion annual trade exchange, Shada reported.

Privatization methods should be amended: fin. min.

TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government should amend its policies and methods of setting the prices and transferring the shares in the process of privatization, IRIB reported.

VP inaugurates industrial, development projects in northeastern Iran

TEHRAN - Iranian First Vice President Es’haq Jahangiri inaugurated several industrial, infrastructure and development projects in Khorasan Razavi Province in northeastern Iran during a two-day visit to the region.

Iran-Azerbaijan 6-month trade more than doubled

TEHRAN – The trade turnover between Iran and Azerbaijan has grown 2.2 times in the past six months compared to the same timespan last year, IRIB reported, quoting Iranian Minister of Finance and Economic Affairs Farhad Dejpasand as saying.

Comprehensive plan underway to amend tax system: fin. min.

TEHRAN- Tax system is being amended in the country through implementing the Comprehensive Tax Plan, Iran’s Finance and Economic Affairs Minister stated.

By Mahnaz Abdi

Sanctions, an opportunity to benefit from tax potential

Donald Trump withdrew the U.S. unilaterally from the 2015 nuclear deal between Iran and the world’s major powers (known as Joint Comprehensive Plan of Action or JCPOA) in last May and re-imposed sanctions against the Islamic Republic.

Govt., private sector discuss amending CBI directive on re-injection of export income

TEHRAN - The 86th Dialogue Council of the Government and the Private sector was held in Tehran on Tuesday to discuss issues pertain to foreign trade and currency market, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Iran to offer incentives for foreign investments of over $250,000

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said on Tuesday that the government is providing especial facilities for foreign companies that bring in over $250,000 of investment into the country, IRNA reported.

‘Cutting budget dependency on oil revenues, top economic priority’

TEHRAN- Iranian Minister of Finance and Economic Affairs Farhad Dejpasand said that reducing the current year’s budget dependency on oil exports is the most important economic objective in the country, Mehr news agency reported.

‘All necessary measures taken to launch organized forex market’

TEHRAN- Iranian finance and economic affairs minister announced that all necessary measures have been taken for launching an organized forex market, IRNA reported.

Iran to launch organized forex market next week: fin. min.

TEHRAN- Iranian finance and economic affairs minister announced that an organized forex market will be launched in the country in the next week, IRNA reported on Friday.

‘Iran's share of One Belt, One Road initiative should rise’

TEHRAN- Iran’s share in the One Belt One Road (OBOR) initiative should rise, given the country’s background and historic status in the Silk Road, Iranian Finance and Economic Affairs Minister Farhad Dejpasand stressed.

Brazil calls for expansion of trade ties with Iran

TEHRAN - Fernando Affonso Collor de Mello, the former Brazilian president and the chairman of the Brazilian Parliament’s Foreign Affairs Committee, voiced his country’s interest for expansion of ties with Iran in various areas especially trade, transportation, banking, agriculture and environment.