The stock market does not have a bubble – Tejaratnews
According to Tejarat News, Seyed Ehsan Khandozi said in the joint meeting of the members of the Economic Commission of the Islamic Council and the Ministry of Economy: We hope that the results and fruits of the efforts and meetings will bring good to the people of Iran. This year is the last year of the 11th Parliament and the most important working year of the government, as well as the next year is the year of the end of the government’s activities, and we must use everything in our power to change the economic conditions and fulfill the expectations of the people and the society, so that according to the words of the Supreme Leader at the beginning The year people see the transformation in their economy and livelihood.
He stated: Except for a few legislative measures such as capital gains tax and changes in the central bank which have been carried out in the economic commission of the parliament, the issue of the seventh plan will be on the agenda of the parliament in the first few months of the year, because it should be completed by the end of May. The government should submit the seventh plan bill to the parliament and now we are in a critical situation.
We increase the circulation and quality of the car
The Minister of Economy said: Considering that the Competition Council’s decision is based on the financial statements of the first half of 1401, if the Competition Council decides to amend it based on the financial statements of the second half of 1401, it will take action. Khandozi added: At the same time, we help to reduce production losses and increase the motivation, circulation and quality of production.
Establishment of joint chamber of commerce of Iran and Saudi Arabia
Khandozi said: During the past years, 7 joint commissions and 20 commercial documents were exchanged between Iran and Saudi Arabia. Of course, the ceiling of our trade has been recorded at 800 million dollars, but considering the will of both sides to resume interactions, the establishment of a joint room between Iran and Saudi Arabia is on the agenda.
Explanation of the Minister of Economy about the lack of cash in ATMs
Khandozi said: In most cases, there is no need for cash because we have the most advanced online payment systems.
The finalization of the Minister of Economy’s trip to Saudi Arabia
The Minister of Economy said: “I will travel to Jeddah at the end of May to consult with my Saudi counterparts. The increase in car prices has also decreased from 35% to 29%, and the plan of the Ministry of Security is to increase production by applying other measures.” and return peace and stability to the car market.
Khandozi continued: The Ministry of Security tried to help make up for the delays in 2017, 2018 and 2019. Accordingly, in 1401, we had a 39% increase in car production and more than 1.3 million cars were produced, and this year’s plan is to produce 1.6 million cars. This action will lead to compensation of shortages and more supply.
Capital increase statistics in listed companies
The economic spokesman of the government said: The issuance of bonds in the stock exchange has reached 135 thousand billion tomans. The financial discipline of the government created space in the stock market and caused it to increase by 100 thousand billion tomans.
The economic spokesman of the government also emphasized regarding the cooperation between the government and the parliament for the formulation and approval of the 7th development plan: Considering the resolution of the differences of opinion regarding the 7th plan, in the new year, with the resolution of these issues, we are very optimistic that it will be a more effective year for the Ministry of Economy. To advance the government’s economic policies.
Regarding the 7th development plan, Khandozi said: We have the 7th development plan on the agenda, and this important issue can be turned into a strategic and effective document with the effective cooperation of the government and parliament, especially the economic commission, through the approval of useful clauses and rulings. . If this cooperation does not happen, this document, like other programs in the past, will become an unused program that was not executed.
He also said about the stock market: According to the consensus of experts, after two and a half years of the stock market bubble in 2019 and due to the change of all price and quantity indicators in many real sectors of the economy, now there are risky and dangerous conditions in the stock market. There is no capital market and stock market, and in other words, there is no stock market bubble.
3.5 million people were eligible for justice shares
The economic spokesman of the government said: After re-examination, about 3.5 million people were eligible to receive equity shares.
According to the announcement of the Ministry of Economy, Khandozi said regarding the transfer of equity shares: Regarding the equity shares, we received the approval of the government board for three and a half members of the supporting institutions. The Supreme Council of Article 44 should be approved and then it will be handed over to the government. We raised this issue again at the end of the year in the Supreme Council of Article 44, and it was finally approved, and for the second time we referred it to the government board, which the government approved in detail. Unfortunately, since some ministries were not willing to hand over some of their subsidiary companies, these shares remained undecided until the end of the year.