Iran Strives to Sustain Economic Recovery

Iran Strives to Sustain Economic Recovery

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Heading for the Iranian presidential election in May, Iranian President Hassan Rouhani has much to feel good about. Thanks to his tireless efforts, Iran’s economy has moved from a recession in 2015-16 to a 7.4% GDP growth in the first half of 2016-17, reads an article published […]

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Why 1396 (2017) is a challenging year for Iranian business owners?

Why 1396 (2017) is a challenging year for Iranian business owners?

Tax forms one of the most challenging aspects of any business owner’s professional life. That is why lots of effort is put in preparing all the financial documents. However, as Iran had had an oil-dependent economy so far, Iranians had not got to experience the same share of tax pressure as other people all over […]

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Armenia Expects Boost in Iran Trade to $1b

Armenia Expects Boost in Iran Trade to $1b

Reported by HPMM Group according to FINANCIAL TRIBUNE ;Trade turnover with Iran can be increased to $1 billion per year, Armenian Prime Minister Karen Karapetyan said during the ruling Republican Party’s election campaign in Syunik Province Parliamentary elections will be held on April 2. Nine parties and blocs running for seats in the National Assembly […]

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Central Bank of Iran Puts Three-Quarter Growth at 11.9%

Central Bank of Iran Puts Three-Quarter Growth at 11.9%

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Iranian economy grew 11.9% during the three quarters of the current Iranian year (started March 20, 2016), a Central Bank of Iran official said. CBI’s Deputy Governor Peyman Qorbani also told reporters on Monday that without taking the oil sector into account, growth rate stands at […]

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Iran Economic Outlook 2017-2018

Iran Economic Outlook 2017-2018

The over-enthusiasm as a result of the high hopes generated in the runup to the nuclear deal and its implementation has sent the average price-earnings ratio at Tehran Stock Exchange to a record high of 7.2 The after-effects of the new US presidency, the upcoming presidential election in Iran and the ailments of Iran’s banking […]

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Iran, Finland Removing Banking Hurdles

Iran, Finland Removing Banking Hurdles

Reported by HPMM Group according to FINANCIAL TRIBUNE ;A task force comprising Iranian and Finnish bank executives and experts, which was formed to remove bilateral banking hurdles, has already made headway, said the ambassador of the Scandinavian nation to Iran. “This task force has so far managed to remove a large part of the problems […]

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France Spearheads European Comeback to Iranian Markets

France Spearheads European Comeback to Iranian Markets

Iran-France trade value stood at €۲٫۱ billion in 2016, indicating a 235% upsurge compared to 2015 French businesses invested €۳۴۰ million in Iran in 2015 Reported by HPMM Group according to FINANCIAL TRIBUNE ;After days of cold snaps, it was a sunny Wednesday morning at Neauphle-le-Chateau Street in downtown Tehran. The press had gathered at […]

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IMF: Early Forex Rate Unification Possible in Iran

IMF: Early Forex Rate Unification Possible in Iran

Since the Iranian government has already done a lot of preparations to adopt a single exchange rate regime, the country is capable of making an early move in this regard As for addressing the external threats that Iran is facing, the country will have to begin domestic reforms like reducing dependence on oil, strengthening the […]

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Seif: Iran’s FATF Membership by May

Seif: Iran’s FATF Membership by May

Iran has until May 2017 to complete efforts needed to become an FATF member and with the planning and endeavors undertaken so far, the country will achieve the required standards for membership Reported by HPMM Group according to FINANCIAL TRIBUNE ;The governor of the Central Bank of Iran believes that the country will be able […]

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Austria Supports Iran Risk Rating Upgrade

Austria Supports Iran Risk Rating Upgrade

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Organization for Economic Cooperation and Development should upgrade Iran’s risk classification in view of the country’s current economic situation, said the CEO of Austria’s Oberbank. “Austria will support the upgrade to Iran’s risk rating by OECD though the matter is partially political and will definitely take […]

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