Tension in Country’s Economy: Iran’s Minister of Economy

Politics Materials 25 October 2008 14:09 (UTC +04:00)

The Minister of Economy of Iran, seid Shamseddin Huseyni, said that the economic situation created in the country is in tension, and for its improvement it is necessary to implement the requirements of the article 44 of the Constitution, Iranian IRNA news agency reports.

Huseyni said at the meeting being held in Iran's region of Khorasan Razavii on 25 October that the Islamic Republic possesses sufficient labor force and rich natural resources, but unfortunately, these reserves are used at low level, and it is necessary to pursue accurate policy to increase this level.

He mentioned the need for economic reforms in the country.

According to the article 44 of the Constitution of Iran, the State enterprises should be privatized in order to develop the country economically and increase the national economic competition.