Economy of Iran

 State debts have increased by 1.1 billion euros in the first four months of the year, including tax rebates

By Sotiris Nikas

An Iranian airline that acquired nine passenger jets in defiance of US sanctions will begin using them on international routes this week, the Fars news agency reported on June 1.

By Anestis Dokas

Foreign investment in Turkey fell by more than one-third in March year-on-year, the government has said.

Net foreign direct investment (FDI) stood at $900 million in March, a decline of 37 percent from March 2014's $1.42 billion, the Economy Ministry reported on May 22.

Iran is expected to outline big oil and gas projects at a major industry event May 6, seeking to lure foreign investment while driving a hard bargain on potential deals.

An Albanian minister said the budget may have to be revised to take account of lower than expected revenues.

Lower prices for key export commodities such as petroleum and minerals reduced growth in revenues during the first three months of 2015, the Deputy Finance Minister, Irena Beqiraj, said on Wednesday.

Russian President Vladimir Putin on April 13 paved the way for long-overdue missile system deliveries to Iran and Moscow started an oil-for-goods swap with Tehran, showing the Kremlin's determination to boost economic ties with the Islamic Republic. 

President Recep Tayyip Erdo?an is visiting Iran today with four files. 

In a joint statement, 65 Iranian deputies called on Erdo?an to apologize for his remarks about Iran. Erdo?an is expected to bring Yemen, Iraq, Syria and energy to the table in his talks with Iranian President Hassan Rouhani. 

The Turkish government has voiced its expectation that the tentative Iranian nuclear deal could mark the first step toward the lifting of sanctions on Iran.

Finance Minister Mehmet Simsek said the deal, which could pave the way for the lifting of economic sanctions on Iran, would help boost Turkey's exports to its neighbor and help bring down global oil prices.

The cash-strapped Greek government on Monday revised the 2014 primary budget surplus figure to 0.3% from a previous estimate of 1.5% of GDP.
The finance ministry said 2.23 billion euros were slashed from the figure, due to less revenues collected than originally foreseen.