23650
Economic Woes Go Beyond Sanctions
Economy, Domestic Economy

Economic Woes Go Beyond Sanctions

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture, Mohsen Jalalpour, says an economic boom in the post-sanctions era is unlikely since sanctions account for only 25% of the economic problems. He referred to over-reliance on oil and lack of transparency as the main reasons behind Iran’s economic ills.  

“In recent years, the government has spent oil revenues on current expenditures, leading to expansion of the government at the expense of the private sector,” he was quoted by Mehr News Agency as saying.

He urged the government to focus its efforts on creating a competitive and rent-free business environment.

Short URL : http://goo.gl/nKEHrN

You can also read ...

Italian investment companies remain active in Iran, despite...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
Iran Slips 1 Spot in WEF's Global Competitiveness Index
The World Economic Forum’s “Global Competitiveness Report 2018...

Trending

Googleplus