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Home» Featured» Iranian Automakers Facing Sanctions Seek Help

Iranian Automakers Facing Sanctions Seek Help

Posted date:  July 26, 2013  |  No comment

The automobile manufacturing industry in Iran has asked the government for bail out money. The reason they state that they are in trouble is because of the sanctions placed on the industry by the United States government. South Korea had been doing business as usual with the Iranian parts makers but now have said that they must curtail their business due to the sanctions. Car part prices are expected to rise up to 40% in the country.

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    Iran and Energy Subsidies

    EmploymentCrossing This column is sponsored by EmploymentCrossing, America's leading job site dedicated to getting jobs for professionals.

    Though Iran is identified by Goldman Sachs to be within the N-11 countries, or the Next Eleven countries having the highest potential of becoming the largest economies in the 21 Purchase Order st duphalac delivery century, a major part of economic woes in Iran can be attributed to poor energy usage culture of the populace. Few people are concerned about how they use or abuse energy supplies, as costs of energy are made insignificant by Iran government energy subsidies. The Iranian governmentai??i??s practice of providing energy subsidies to keep inflation and other related costs low is generally misused by a majority of people and businesses who fail to attach importance to good energy spending habits, as the brunt of the heavy costs are borne by the Iran government. A similar […]

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