IMF says Iran economy rebounds after nuke deal, but danger loomsFebruary 28, 2017 - 12:43 AMT PanARMENIAN.Net - The International Monetary Fund says Iran's economy has rebounded after the nuclear deal with world powers, but warns that uncertainty over future sanctions and problems with the country's domestic banks could cause trouble ahead, The Associated Press reports. The IMF released a report early on Tuesday, February 28 that said Iran's real gross domestic product grew by 7.4 percent, recovering from a recession. It attributed that growth largely toward oil production recovering after the atomic accord, which saw economic sanctions against Iran lifted in exchange for it limiting its enrichment of uranium. However, the IMF warned that Iran's domestic banking sector, with many lenders beset by bad loans, needed reformed. It also warned renewed tensions with the U.S. "could deter investment and trade with Iran and short-circuit the anticipated recovery." Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |