Foulad 24 website news
Joint meeting of Foulad Mobarakeh CEO and Economic Commission
Today, May 2, 1403, in the joint meeting of the Economic Commission of the Majlis, in the presence of Mr. Dr. Mohammad Baqer Qalibaf, Speaker of the Islamic Council, and a group of CEOs of investment holdings, issues related to stock exchange companies were discussed.
Mr. Mohammadyaser Tayebnia, CEO of Mobarakeh Steel Company, expressed his concern that sometimes policies are in conflict with the goals set at the country level. This year is known as the year of the production leap, and the coordination of policies that can lead to reduced profit margins of companies and increased production costs is in conflict with this macro goal, especially when we are witnessing a significant increase in input prices.
He stated that energy prices have increased significantly in the past year and also the increase in the rate of facilities and financing has reached about 40%. These issues slow down the implementation of projects under construction and increase the share of taxes paid by companies and remove tax exemptions that affect people’s trust and their participation.
Read the news
This post is written by foolad24sale