News and Views
- A deputy industry minister announced that 40,000 people have applied for car loans at the end of the third day of the pre-defined loan scheme. As a part of the government’s economic growth package, the loan covers 80% of vehicles’ price up to USD 7100 to be paid in 4 years. Selling automobiles on installments can mobilize the demand level and reduce the pressure on the manufacturing companies. In fact, such plans might also lead to proper results for other sectors grappling with the recession.
- After the meeting held between banks’ CEOs on deposit interest rate cut, the decision on the subject has been relegated to the Money and Credit Council, as stated by the government Spokesman. Pointing out to the current inflation rate and the necessity of the harmony between this rate and the deposit rate, he mentioned that such cuts seem inevitable.
- A top executive in Lufthansa Technik has announced on 8 November that the company is open to set up a facility in Iran after the lifting of sanctions. Referring to the need of Iran’s aging aviation industry to repair and overhaul, Johannes Bussmann stated that in case of the Iranian’s government agreement and request, they are ready to join as a partner.
- Stressing that relationships between the United States of America and Iran have not yet returned to normal, President Obama announced the continuance of the Executive Order 12170 irrespective of the recent progress made after the July 14th