Iranian Economy Minister: our economy to grow by 5%

Iranian Economy Minister Ali Tayebnia said that Iran's economy will grow by 5% by March 2017

"There is no doubt that the administration will reach the five percent economic growth in current fiscal year," Trend cited Tayebnia as saying.

He further said that oil output increase will help the country reaching the predicted economic growth targets. However Tayebnia called the country's banks to take serious steps in financing small and medium sized industries in order to revive them.

"Small and medium-sized industries cover lives of the majority of people," Tayebnia said.