2698
Travel Agencies Suspended
Economy, Domestic Economy

Travel Agencies Suspended

Business operation licenses of 60 travel agencies have been suspended or revoked since May 2014, according a senior official. Out of 2,500 active travel agencies in Iran, 300 have been inspected since May 2014, when the government announced it was planning to liberate airline ticket prices. At the time critics argued the move would lead to about 30 percent increase in prices.  The 5th Five-Year Economic Development Plan (2011-2015) calls on the government to liberate the ticket prices in an attempt to push for growth in the sector. Some travel agencies, however, used the opportunity to illegally raise their service prices in advance. Alireza Jahangirian, deputy minister of roads and urban development said, “30 licenses have been revoked so far and another 30 suspended,” as reported by Eghtesad News on Tuesday.

Short URL : http://goo.gl/OTqr8T

You can also read ...

Facebook Lures Google Engineer to Head Its Own Chip Development
Facebook Inc. has sent another signal that it is serious about...
Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
Foreign exchange rates in the unofficial market registered...
Export Billet Prices Increase on Reduced Availability
Iranian export billet prices increased by $5-10 per ton over...
Int’l Airlines’ Presence in Iran Boosted After JCPOA
A total of 51 foreign airlines are now operating in Iran, up...
US Confiscates 500 Iranian Bitcoins
The US federal government confiscated at least 500 Bitcoins...
New MacBook Features Dust-Repelling Keyboard
Apple’s new MacBook Pro keyboards are slightly quieter than...
Tehran to Host Startup Week
Attended by fintechs and startups, Tehran is to host a week-...
Platform to Promote FATA-IFA Interactions
A new platform has been launched to facilitate interactions...

Trending

Googleplus