Iran needs several months to restore economy after sanctions

Iran needs several months to restore economy after sanctions

Baku, Azerbaijan, July 14

By Fatih Karimov - Trend: Iran needs several months to get rid of the effects of sanctions and restore its economy after lifting of the sanctions, said Iran 's Finance and Economic Affair Minister Ali Tayebnia.

"People are exhausted from pressure in recent years and expect economic problems to be removed as quickly as possible," Iran 's Mehr news agency quoted Tayebnia as saying July 14.

"As I have mentioned repeatedly, the national economy is suffering from problems, such as low productivity, with or without sanctions," he noted.

For the time being, no incident has happened in the national economy practically, but expectations have risen sharply, he said.

Iranian parliament speaker Ali Larijani said on June 12 that the international sanctions have affected the national economic problems just 20 to 30 percent.

"The remaining is pertinent to our internal problems," he added.

The International Monetary Fund (IMF) forecast a 0.6 percent gross domestic product (GDP) growth for Iran in 2015 in its April World Economic Outlook.

The IMF report put Iran's GDP growth at 3 percent in 2014, while predicting a 1.3 percent GDP growth for the country in 2016.

A final agreement was reached on Iran's disputed nuclear program in the Austrian city of Vienna on July 14 after some 22 months of talks between Iran and the P5+1 (five permanent members of the UN Security Council plus Germany).

Edited by CN

Baku Higher Oil School receives license for global distance education program
Baku Higher Oil School receives license for global distance education program
Azerbaijan’s chief infectiologist talks non-compliance with quarantine
Azerbaijan’s chief infectiologist talks non-compliance with quarantine
Azerbaijani government fighting against pandemic amid global economic downturn
Azerbaijani government fighting against pandemic amid global economic downturn
Loading Bars
Latest
Turkey's export of ready-made clothing to Iran down
Ineos to build third hand sanitizer plant in France in 10 days
Europe sends medical goods to Iran in trade test
Diplomat: Turkey condemns Armenian murderers for March 1918 genocide of Azerbaijanis
Exports of products via Iran's Arvand Free Trade Zone announced
Spain registers overnight death toll of 849, highest so far
Dubai promises state support, new funding for Emirates airline
Baku Higher Oil School receives license for global distance education program
Minimum pension in Iran to be increased
Azerbaijan’s chief infectiologist talks non-compliance with quarantine
EU doesn’t recognize constitutional, legal framework within which so-called “elections” in Karabakh are being held
Novel coronavirus may lead to reduced lung function - research
Azerbaijan shoots film dedicated to Day of Genocide of Azerbaijanis (VIDEO)
Turkey discloses volume of crude oil transshipment via its ports
Uzbek-Chinese JV continues to produce natural gas in Uzbekistan
President Ilham Aliyev: Some people act irresponsibly, therefore, measures will be further tightened
Volume of bentonite transshipment via Turkish ports revealed
Azerbaijani government fighting against pandemic amid global economic downturn
Iran announces damages done to raw materials production due to coronavirus
President Ilham Aliyev: We are a great people, we were able to unite in most difficult time
Georgian economy up in February 2020
Turkmennebit state concern opens tender for purchase of equipment, construction materials
Volume of cargo transshipment from Syria via Turkish ports disclosed
MP: So-called "elections" in pandemic conditions show indifference of Armenian leadership to security in region
Rouhani: Uninsured coronavirus patients insured in hospitals in Iran
Weekly review of Georgian capital markets
Baby born infected with coronavirus in Iran
Turkey's foreign trade turnover increases
President Ilham Aliyev: Making country's best hospital available to coronavirus patients – what can be more than this?
Gas pipeline between Iran, Turkey explodes
Turkmen state concern opens tender for purchase of material, technical resources
President Ilham Aliyev: All work carried out in Azerbaijan, decisions being made pursue one goal only: to get out of this difficult situation with minimum losses and protect our citizens as much as possible
Critical characteristic that modulates pandemic potential of novel coronavirus revealed
Azerbaijan's economy minister talks sectors to be supported (VIDEO)
Indonesia to suspend foreign arrivals as coronavirus cases, deaths rise
President Ilham Aliyev: If we hadn’t paid due attention to healthcare system, our capabilities today would not be sufficient to provide for our needs
Prime Minister's video conference with the Heads of Indian Missions
Number of COVID-19 cases increase in Georgia
Turkish Embassy: Armenia must leave occupied territories of Azerbaijan
Uzbek Ministry of Health invites expert from South Korea amid coronavirus spread
Turkmenistan oil and gas complex to buy laboratory reagents via tender
New ceramic plant commissioned in Turkmenistan
President Ilham Aliyev: Patients with coronavirus are currently most sensitive group and provision of necessary medical services to them is most important issue now
Tanzania confirms its first coronavirus death
Azerbaijan's MFA makes statement on March 31 - Day of Genocide of Azerbaijanis
Norway's credit for airlines gets regulatory approval
IMF: Outbreak of COVID-19 affects Georgian economy
Number of confirmed coronavirus cases in Germany rises to 61,913
Azerbaijani currency rates for March 31
Second lethal coronavirus case confirmed in Kazakhstan
Publication on March 31 – Day of Genocide of Azerbaijanis posted on President Ilham Aliyev’s official Facebook page (PHOTO)
Central Bank of Uzbekistan extends credit payment terms
Azerbaijan's Economy Minister discloses sectors less affected by coronavirus
Customs continue to operate in southern provinces of Iran
Gold price drops in Azerbaijan on March 31
Uzbekistan reports eight new coronavirus cases
Azerbaijan's Economy Minister: Restrictions applied by state to economic activity primarily affect micro-entrepreneurs
Large donations made to Georgian StopCov fund
Azerbaijan's State Border Service talks Armenian media false information
Armenia violates ceasefire with Azerbaijan 22 times
Thailand reports 127 new coronavirus cases, one death
Coronavirus epidemic 'far from over' in Asia - WHO official
Japan coronavirus infections top 2,000 cases
Kazakhstan reports 17 new coronavirus cases
First U.S. military servicemember dies from coronavirus
Trump says coronavirus guidelines may get tougher; 1 million Americans tested
S. Korea reports 125 new virus cases, total now at 9,786
Novel coronavirus death toll in US tops 3,000 — university (UPDATE)
Chinese mainland reports zero increase in domestic COVID-19 cases
US extends Iran nuclear cooperation sanctions waivers
1 million people tested for COVID-19 in U.S.
Indian police fire tear gas at jobless workers defying coronavirus lockdown
103 confirmed cases of novel coronavirus reported in Georgia, 20 recovered from virus
61 hospitals in Wuhan ready to receive non-COVID-19 patients
US wants to send $100 million in medical aid to Italy
Air New Zealand to lay off 3,500 employees as virus halts travel
Austria to make basic face masks compulsory in supermarkets
Coronavirus cases in Turkey surpass 10,000
Italy sees 812 more coronavirus deaths, but new cases fall steeply
March 31 – Day of Genocide of Azerbaijanis
Belarus COVID-19 cases rise to 152
Another provocation of Armenian Armed Forces suppressed: Azerbaijan’s State Border Service
Azerbaijani state to support payment of interest on business loans
Finland extends coronavirus restrictions by one month: PM
Number of coronavirus cases in Moldova up to 298
Iranian Cabinet of Ministers approves prices for some products
Azerbaijani Foreign Ministry condemns terrorist attacks in Saudi Arabia
Putin, Trump discuss closer cooperation in fighting Covid pandemic, says Kremlin
Azerbaijan sets additional measures to prevent spread of coronavirus
Review of production in Azerbaijani non-oil sector from January through February 2020
Azerbaijani president changes decree on State of Emergency
Azerbaijani analysts: Gold begins to rise in price again
Russia's Gazprombank welcomes reaffirmation of Azerbaijan's "BB +" level in S&P rating
Georgia declares countrywide quarantine
Uzbekistan temporarily lifts customs duties on import of medical products
Kazakh oil extracting company Ozenmunaygaz to buy accumulators via tender
Iran's National Development Fund resumes fund allocation for Sadaf Assaluyeh Petrochemical project
Azerbaijani company talks transition to work online
Iran's ports continue to operate during Nowruz holidays
Azerbaijan's parliament ratifies joining another international document
All news