As Iran swears in its new president, the main concern for most Iranians is the state of the economy.
Inflation is above 40% and unemployment has rocketed. Young people struggle to find apartments to rent, and couples delay having children
The black market in currency is one of the few businesses doing a thriving trade. People buy dollars from street traders as a way to invest their savings because the rial looses value so quickly.
In central Tehran, Amir sells ultramodern flatscreen TVs. He finds he has fewer and fewer sales these days and puts it down to international politics beyond his reach.
“Sanctions have had a very bad effect. Because of the sanctions, imports have become much less, particularly for those of us who import foreign brands. During the last year, our prices have risen by 100%,” Amir said.
Nearby, in Tehran’s traditional great bazaar where food, electronics, and clothing are traded, business goes on but customers buy just enough for their daily needs.
Seyed Mojtaba Zaferani has had a stall selling kitchen appliances for more than 15 years. He says even these don’t sell anymore.
“In terms of the work force, we cut jobs, because we thought that we wouldn’t need anyone to run the storage or to run the office. In reality, we are running everything ourselves,” said Zaferani.
Our correspondent in Tehran, Olaf Bruns, says that Iranians have learnt to be cautious in their optimism about what to expect from politicians but they want to hope that Rohani can revive the economy. He says:“No-one at the bazaar is interested in Iran’s nuclear programme. What people are hoping for is that the new president manages to ease sanctions and that hence the economic situation improves.”
- 1Tsipras says if Greeks approve the EU’s aid plan, Syriza will resign
- 2Eurogroup ministers to discuss new Greece aid proposal
- 3Istanbul Gay pride quashed by riot police, rubber bullets and water cannon
- 4The end of the road for Uber? Executives detained by French police
- 5Miss Universe turns ugly for Trump as US TV network cut ties with presidential candidate
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Spain’s first case of diphtheria in 30 years: parents of six-year-old ‘oppose vaccines’
- 3[Live updates] NGO flotilla bids to break Israeli blockade of Gaza
- 4Greek debt crisis is “absolute supremacy of capital over humans”
- 5[LIVE UPDATES] France: man decapitated, several wounded in chemical plant attack
- 6Israel prepares to repel boarders as ‘Freedom Flotilla 3’ tries to run Gaza blockade
- 7Large Hadron Collider ready to embark on an unprecedented voyage of discovery
- 8NewsWires : euronews : the latest international news as video on demand
- 9Istanbul Gay pride quashed by riot police, rubber bullets and water cannon
- 10Greek debt summit – Live updates
- 11‘Distractingly sexy’ scientists hit back in lab chemistry polemic
- 12Romania, Hungary and Bulgaria focus of EU cash fraud probes
- 13Interpol issues ‘red notice’ for accused ex-FIFA bosses
- 14Summit up in Brussels as Greek proposals give food for thought and rumours fly
- 15Battle of Waterloo, live-tweeting 200 years on
- 16Greek PM faces day of crucial bailout talks in Brussels
- 17Citizens take power in Spain’s largest cities as a political revolution sweeps the country
- 18Italy discovers biggest illegal waste dump in Europe
- 19Greek banks, stock exchange will not open on Monday, Tsipras announces
- 20Hungary: billboard war sparks international concern
Wires > News
- 23:19 CET Taiwan youth to China – Treat us like a country
- 22:42 CET Islamic State threatens to topple Hamas in Gaza
- 21:34 CET Legislation enacting Irish gay marriage vote delayed
- 21:15 CET Around 1,200 escape from Yemen prison, including al Qaeda suspects
- 21:07 CET Fearing euro exit, thousands of Greeks rally for ‘Yes’ vote
- 20:50 CET U.S., Iran presidents issue warnings as nuclear talks extended
- 20:47 CET Romania’s opposition wins spy agency vote as Ponta government…
- 19:35 CET Three killed in car bomb in suburb west of Cairo – sources