Iran confirms detention of Swedish EU worker

The family of a Swedish EU diplomat Johan Floderus held captive in Iran for more than 500 days called o for his immediate release, as he marked his birthday in a Tehran prison. (File/AFP)
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Updated 12 September 2023
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Iran confirms detention of Swedish EU worker

  • Sweden and the European Union Commission said last week a Swedish national was being detained in Iran
  • Johan Floderus was detained in April 2022 for alleged spying

DUBAI: Iran’s judiciary confirmed on Tuesday that a Swedish national working for the European Union had been detained, the latest known case of a foreign national being held in Iran amid political tension with the West.
Sweden and the European Union Commission said last week a Swedish national was being detained in Iran. Sweden said Johan Floderus was detained in April 2022 for what his family said was alleged spying.
“The Swedish national has been lawfully imprisoned following a preliminary inquiry and the results of a full investigation into his case made by the prosecutor’s office will be sent in the coming days to a competent court,” Iran’s judiciary spokesperson, Masoud Setayeshi, said.
The spokesperson did not detail the precise charges faced by Floderus.
Relations between Sweden and Iran have been tense since 2019 when Sweden arrested a former Iranian official for his part in the mass execution and torture of political prisoners in the 1980s. He was sentenced to life in prison last year, prompting Iran to recall its envoy to Sweden in protest.
In May, Iran executed a Swedish-Iranian dissident convicted of leading an Arab separatist group Tehran blames for a number of attacks including one on a military parade in 2018 that killed 25 people.


Turkiye to forge on with tight economic policy, some fine-tuning, VP Yilmaz says

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Turkiye to forge on with tight economic policy, some fine-tuning, VP Yilmaz says

ISTANBUL: Turkiye is committed to carrying on its tight economic policies ​in order to cool inflation, and though it may fine-tune the program it will not change course, Vice President Cevdet Yilmaz said in comments embargoed to Friday.
“There is no plan to pause our program,” Yilmaz said at a briefing with reporters in Istanbul on Thursday. “All programs are dynamic, and adjustments can always be made.”
Yilmaz, who plays a key role overseeing economic policy at the presidency, said any such adjustments would aim to support production, investment and ‌exports while moderating consumption.
Turkiye ‌has pursued tight monetary and fiscal policies ‌for more ⁠than ​two years ‌in order to reduce price pressure, leading to high financing and borrowing costs that have weighed on businesses and households. Inflation has eased slowly but steadily over the last year but remains elevated at 31 percent annually.
Last month, Is Bank CEO Hakan Aran warned that focusing solely on one target — inflation — could create side effects, suggesting a “pause and restart” might be healthy once the program achieves certain targets.
Yılmaz said the ⁠government expects improvements in inflation in the first quarter, which should reflect to market expectations for year-end ‌inflation around 23 percent. The government projects inflation to dip ‍as far as 16 percent by year end, ‍within a 13-19 percent range, and falling to 9 percent in 2027. The central ‍bank forecasts inflation between 13-19 percent by end-2026.
Yilmaz noted inflation fell by nearly 45 points despite pressure from elevated food prices, hit by agricultural frost and drought.
The agricultural sector is expected to support growth and help ease price rises this year, which could ​help achieve official inflation targets, he said.
Yilmaz said the government wants to avoid a rapid drop in inflation that could hurt economic ⁠growth, jobs and social stability.
Turkiye’s economic program was established in 2023 after years of unorthodox easy money that aimed to stoke growth but that sent inflation soaring and the lira plunging. The program aims to dislodge high inflation expectations while boosting production and exports, in order to address long-standing current account deficits.
The central bank, having raised interest rates as high as 50 percent in 2024, eased policy through most of last year, bringing the key rate down to 38 percent.
Asked whether lower rates could trigger an exit from the lira currency, Yilmaz said: “What matters is real interest rates. Lowering rates as inflation falls does not affect real rates, so we do ‌not expect such an impact.”
He added that the government will strengthen mechanisms that selectively support companies while improving overall financial conditions.