Some $2b allocated for marriage loans to support couples
A total of 670 trillion rials (nearly $2 billion) have been provided as low-profit loans to couples over the first six months of the current [Iranian calendar] year (began on March 21), director of youth social development and planning office of the Ministry of Sports and Youth, has said.
Merkel Urges EU Reach Recovery Deal before End of July
German Chancellor Angela Merkel on Thursday urged the European Union to reach a deal on a recovery plan worth 750 billion euros ($843 billion) by the end of July to kickstart an economy battered by the coronavirus pandemic.
Iran Urges IMF to Provide Loan via INSTEX, SHTA
The Governor of the Central Bank of Iran called on the IMF to make use of the EU-Iran trading mechanism ‘INSTEX’ to make the $5 billion loan.
Russia’s $5 billion loan will be used for major projects
TEHRAN (Iran News) – Iran’s Minister of Energy Reza Ardakanian is to travel to Moscow to operationalize Russia’s $5 billion loan for constructing two major projects in Iran. Announcing on Wednesday, Ardakanian the head of Iran-Russia joint economic cooperation commission is to travel to Moscow to operationalize Russia’s $5 billion loan which was agreed to be […]