Publishe Date: 3:55 PM - 7/3/2014 | Print

Iranian President: Gov't Trying to Improve Economy

Economy - Iranian President Hassan Rouhani stressed paving the ground for improvement of economy is among the most important priorities of his government.

Addressing his cabinet members and the Iranian governor-generals in Tehran on Wednesday, Rouhani said that the main priority of government this year is to bring about economic boom and getting rid of inflationary recession.

He also underlined full and timely implementation of main projects approved during provincial tours.

Rouhani added that the government encourages investment and the entrepreneurs in the industry sector to help boost national products.

In relevant remarks yesterday, Iranian Economy Minister Ali Tayyebnia predicted that the country's economy would witness an eye-catching growth in the coming months, and said the perspective of private and foreign investment in Iran is also bright.

"The inflation rate has decreased well; the 11th government has envisaged a 25-percent inflation rate for the current (Iranian) year (ending March 20, 2015) and due to the successes that we have gained in the recent months, attaining this goal is possible," Tayyebnia said Wednesday.

"Our prediction is that recession will continue reduction and the trend of economic growth will become positive in the current year," he added.

Stressing that the international bodies, including the International Monetary Fund (IMF) and the World Bank, have also voiced optimism about the new Iranian government's policies, Tayyebnia said, "The perspective of the private sector's investment and foreign investment is also highly bright and promising."

The Central Bank of Iran (CBI) announced in June that the country's inflation rate has decreased by 9.8 percent since the administration of President Hassan Rouhani took office in August 2013.

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