Iranian Privatization Organization

Addressing to University students, the Supreme Leader stated that Privatization Principle is a pressing need for the economy and our country and should not be halted;however, mistakes, negligence and wrongdoings need to be prevented.

The Minster of Economic Affairs and Finance stated that entrance of new companies into the stock market should be facilitated and the possibility of supplying government and bank properties in the capital markets should be provided.

Presidentof Iranian Privatization Organization stated that privatization leads to transparency in financial statements and companies reportssince assets and debts of the company should be accurately and exactly determined to set the price for transferring the company.

A block of Iran Transfo stocks, comprising 13.36 percent of its shares, will be listed on the Tehran Stock Exchange at an initial price of 6249 rials a share. The 13.36 percent block includes 501,152,611 shares, worth more 3131billion rials. The block trading will be conducted by the Iran Privatization Company.

During the four-hour meeting on investigating the latest economic situation of the country with the members of the Economic Commission of the Iran consultative assembly, Minister of Economic Affairs and Finance reported compilation of the monthly and annual action plan up to 2021.

The head of Research and Investigation Committee of Iran Consultative Assembly mentioned that Kermanshah Oil Refining Company has been transferred to the private section legally and the privatization of this company does not pose any problem.

Expanding of agricultural, banking and railway cooperationwas explored in the meeting of Iran Minister of Economic Affairs and Financewith the Governor of Azerbaijan Central Bank and Head of Azerbaijan Railway Company.

At the end of Iran-Azerbaijan 13th Joint Economic Cooperation Commission, three cooperation agreements were signed between the two sides in Azeri capital Baku on Friday.

The meeting for business and investment opportunities of Iran and China was held with the presence of DrFarhadDejpasand "Minister of Economic Affairs and Finance" as well as the Deputy Minster of Minstery of commerce in China.

Minister of Economic Affairs and Finance emphasizes that we are negotiating to make a bilateral financial and monetary agreementto use national currencies in bilateral financial transactions.