Citing World Bank figures on a huge GDP fall 2017-20, Gholam-Hossein Shafei has said the government needs to revise policies to stimulate competition and encourage investment.
22 hours 45 min ago
80 to 140 Percent Increase in Car Prices
Mehdi Matlabzadeh, a board member of parts manufacturers association says the price of automobile parts have increased 80 to 140 percent due to the rise in the price of foreign currency.
Arash Mohebbi Nejad, chairman of vehicle and parts manufacturing association also said: “The price of car parts need to increase 80 percent for the auto industry to remain alive.” According to him, “there are no parts available for the tens of thousands of presold cars.”
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Despite spending tens of billions of dollars in Syria and Iraq to build influence, the Islamic Repubic of Iran has not been able to reap substantial economic benefits.
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