Iran government to open room for foreign banks – spokesman

Iran government to open room for foreign banks – spokesman

Tehran, Iran, Oct. 26

By Mehdi Sepahvand -- Trend:

Iranian government spokesman and Director of the Management and Planning Organization Mohammad Baqer Nobakht said the countdown for the removal of economic sanctions has started.

Speaking during the opening ceremony of the Iran Transaction Exhibition, Nobakht hoped that by grasping the new situation after the implementation of the Iran nuclear deal called the Joint Comprehensive Plan of Action (JCPOA), the country would be able to use monetary and financial tools to end the economic downturn and boost growth, Trend's correspondent reported from Tehran Oct. 26.

Nobakht said the Central Bank of Iran has been given a special mission to help end the country's economic afflictions that have been caused by sanctions.

The official said the Sixth Development Plan welcomes foreign monetary and financial companies to work in Iran. He said the government is composing the Sixth Development Plan based on the post-sanctions situations. The plan will be adopted next Iranian fiscal year, which starts March 21.

Nobakht also pointed out that economic inflation for the past month reached 13.3 percent.

Economic inflation had been above 40 percent when the Rouhani administration took office in 2013. Nobakht counted the success as the result of correct economic policies adopted by the government.

Nobakht said to reach an economic growth rate of 8 percent, the government needs something between 8,000 trillion to 10,063 trillion rials (29,950 rials making 1 USD). The target economic growth of 8 percent has been defined by Supreme Leader Ayatollah Ali Khamenei.

Edited by CN

In near future, construction of new airport will be launched in Zangilan district - Azerbaijani president
In near future, construction of new airport will be launched in Zangilan district - Azerbaijani president
I hope that draft version of master plan of city of Aghdam will be submitted by end of May - President Aliyev
I hope that draft version of master plan of city of Aghdam will be submitted by end of May - President Aliyev
Our plans are to take Armenia to international courts - President Aliyev
Our plans are to take Armenia to international courts - President Aliyev
Loading Bars
Latest
In near future, construction of new airport will be launched in Zangilan district - Azerbaijani president
I hope that draft version of master plan of city of Aghdam will be submitted by end of May - President Aliyev
Our plans are to take Armenia to international courts - President Aliyev
In general, there are plans to create about 50 agricultural estates - President of Azerbaijan
We are seeing results of work carried out in Hajigabul district - Azerbaijani president
Main goal of creating large agricultural estates - to ensure food security, says Azerbaijani president
Azerbaijani people will return to Zangazur, which was taken away from us 101 years ago - President Aliyev
Iran's economic cooperation with Pakistan to grow
Supply of electricity to liberated territories will be completed by end of this year - President Aliyev
Azerbaijan's SOFAZ discloses amount of transfers to state budget for 1Q2021
IMF says breakeven oil price for Azerbaijan to drop in 2022
Iran begins new discussions within North-South Corridor
Uzbekistan reveals COVID-19 data for April 21
Azerbaijan's 1Q2021 oil export slightly declines
Azerbaijan boosts gas exports
Amazon to let Whole Foods shoppers pay with a swipe of their palm
UAE may impose virus curbs on unvaccinated people
Georgia reports 1,310 coronavirus cases for April 21
Wix launches mobile app to expand customer base
China interested in more gas supplies from Russia
BP, Turkey agree on new transportation fee for Baku-Tbilisi-Ceyhan – sources
WB to support transport and logistics in Georgia
Uzbekneftegaz prevents daily reduction in total gas volume at Mubarek gas processing plant
Economy minister reveals total investments in industrialization in Azerbaijan
Iran boosts dried fruit exports
Gold price in Azerbaijan grows
Azerbaijan unveils volume of oil production from ACG, Shah Deniz fields for 1Q2021
Kazakhstan to auction off several land plots for subsoil use
President Rouhani talks Iran's Health Reform Plan
India to send 10 MT life-saving drugs to Sudan
Azerbaijan discloses 1Q2021 state budget revenues
Iran’s PMO talks about cargo movements in Dayyer port
Azerbaijan reveals 1Q2021 gas production indicators from ACG, Shah Deniz fields
Baku Higher Oil School wins Regional Petrobowl Competition
Kazakhstan's monetary base value surges
Memorandum of understanding signed between Turkmen, Kyrgyz coworking centers
Germany increases exports of locally-made goods to Kazakhstan
PM Modi’s visit to Portugal for India-EU summit called off, virtual summit on 8 May
Cabinet approves MoU between India, Bangladesh to increase cooperation in trade remedies
Uzbekistan talks increase of competitiveness of Trans-Caspian int’l transport route within Turkic Council
Bulgaria receives significant cargo permits from Georgia - Ministry
UK inflation rises to 0.7% in March as clothing and fuel prices grow
Georgia lowers import of Turkish-made chemicals
Turkmen company continues construction of passenger car terminal
Export of Turkish furniture to Uzbekistan surges
Production of petrochemical products Jam Petrochemical Complex increases
Cargo Targeting System to increase transit potential of Azerbaijan - SCC
Uzbekistan shares data on textile exports
Azerbaijan sees decrease in oil prices
Azerbaijani currency rates for Apr.21
Kazakhstan’s oil-producing company opens tender to buy spares
Russia organizes tenth charter flight from Turkmenistan
Armenia trying to deceive int'l community instead of fulfilling trilateral statement - MFA
Ethylene production of Iran's Jam Petrochemical Complex increases
Turkey issues 2M2021 data on volume of cargo shipment through Zonguldak port
Kazakh MPs approve bill on improving budgetary legislation
TAP begins to make contribution to Enagas’ financial results
Azerbaijan shares footage from Gubadly's Ulashly village (VIDEO)
Enagas reduces emissions by 63% since 2014
Iranian currency rates for April 21
Azerbaijani Qala Hayat's insurance collections up for 2020
Natural gas prices to average one-third higher y-o-y
Azerbaijan's AIA and ARPA to work on risk insurance
Oil prices to be in line with their 2017-19 average
Iran expected to increase oil output - Vienna Energy Research Group
JCPOA Joint Commission sets third expert group
Crude oil consumption still 6% lower than pre-crisis levels
Oil prices drop as India's COVID-19 surge crimps demand outlook
Georgian Central Bank to carry out same intervention volume as in 2020
Azerbaijan eyes to speed up audit digitalization in 2021 (INTERVIEW)
GM outlined plans to allow remote work after the pandemic
Turkey replaces trade chief, appoints two new ministers after restructuring
Kyrgyzstan's population outflow decreased by 21% in 2020: statistics
Georgia 60th out of 180 countries in World Press Freedom Index
Main electricity of Natanz Enrichment Facility connected
Apple introduces new iPad Pro featuring 5G, M1 chip
Canada-U.S. border restrictions agreement extended another month
Toshiba says CVC to ‘step aside to await’ guidance over offer
Azercosmos' new platform to provide uninterrupted internet across Azerbaijan
Malta posts 1.3-bln-euro budget deficit for 2020
EU to donate 145,000 Pfizer vaccine doses to Albania
15 generals to ensure transition in Chad after death of President Deby
Indian PM rules out lockdown despite second wave of COVID-19
Turkey reports over 62,000 COVID-19 cases
Azerbaijan's import of cars from Turkey drops
Municipality of Turkey’s Agri province opens tender to buy diesel fuel
Chad leader Deby, key Western ally, killed in battle
Turkish energy company opens tender to build power plant in Istanbul city
Production of Sputnik V vaccine launched in Argentina
CBI allocates $178 m to buy COVID-19 vaccines - CBI chief
Bulk of calculations in Azerbaijan's trade turnover made via FCC - state committee
Azerbaijan limits import of meat products from several countries
Azerbaijan's Azexport portal reveals total value of export orders
Azerbaijani Finance Ministry places medium-term bonds on auction
Opportunities for partnership among SMEs expanding between Azerbaijan and Turkey
Main reason for Georgia's increase of electricity imports revealed
Prices for summer cottages, private houses increase in Baku
Number of client accounts in Azerbaijani banks increasing
Uzbekistan’s 1Q2021 export of fruit and vegetable products slightly down
Azerbaijan's National Depository Center talks another interest payment on SOCAR bonds
All news