Economy

CHRI – Education Minister Claims Strikers Wrongly Teaching Students How to Protest Thousands of teachers went on strike throughout Iran for the third time in less than a year March 3-5, 2019, to demand fair pay, the release of their imprisoned colleagues and free, universal education. “The most important reason for the strike is that the government does not feel obligated to implement Article 30 of …

Radiofarda – India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a sanctions waiver past early May, two sources in India with knowledge of the matter said. India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions …

RFL/RE – Iran says it hopes a new trade mechanism that allows foreign firms to conduct business with Tehran will be up and running within two weeks.“We hope it will be before the end of the Iranian calendar year,” Deputy Foreign Minister Abbas Araqchi told reporters in Vienna, referring to March 20.Germany, France, and Britain have launched the mechanism, known as INSTEX, …

Al-Monitor – China is still Iran’s top trade partner, leading oil customer, a key technology exporter, a major political ally and one of the signatories to the Joint Comprehensive Plan of Action (JCPOA) still committed to the deal. All of this has given Beijing an increasingly central position in Iran’s “Look to the East” doctrine, a key foreign policy strategy actively pursued …

Radiofarda – A third round of nationwide teachers’ strikes in Iran entered its third day March 5, with teachers across the country holding sit-ins in their school principals’ offices to demand better pay, the right to form unions, and the freeing of all jailed teachers’ rights activists. The three-day strike was organized by the Coordinating Council of Teachers Syndicates in …

Radiofarda – Iran-EU trade turnover declined significantly in the second half of 2018 due to U.S. sanctions on Iran. The United States withdrew from the nuclear deal with Iran in May last year and imposed financial and industrial sanctions on Tehran in August, followed by sanctions on its oil exports and banking sector in November. According to the European Commission’s …

VOA – Iranian teachers have begun their fourth peaceful nationwide protest since October to demand better working conditions for their poorly paid profession and the release of jailed education activists. Iranian teachers join a nationwide teachers’ strike in the northwestern city of Marivan, March 4, 2019. They held protest signs calling for the release of detained teachers’ rights activists and …

Radiofarda – The representative of Kerman in the Supreme Council of Provinces in Iran has said that slum dwelling has turned into a major problem in the city of Kerman. An undated photo showing slums in Kerman, Iran. Mehrdad Aminifar told ILNA, two-thirds of the population of Baft a town in Kerman province, or roughly 40,000 people out of 60,000 …

Radiofarda -The Central bank of Iran (CBI) announced on Saturday March 2 That five banks and financial institutions affiliated with the Iranian armed forces will be merged into Bank Sepah.

Radiofarda – The chairman of parliament’s economic commission in Iran says that the government spends between $80-160 of hard currency monthly for every citizen to subsidize imports of essential goods.