Domestic Economy

  • Iranian carmakers hope to expand exports in neighboring countries by offering a wider range of products.
    Iranian automotive companies exported 2,237 shipments of vehicles, agricultural machinery and auto parts worth $98 million during the 11 months to Feb. 20. According to the latest statistics...
  • Social Security Organization of Iran is in a sorry state.  The government continues to encourage the cash-strapped organization to sell off its shares owned by Social Security Investment Company (...
  • The rise in working-age population on the one hand and the decline in investment rate due to the increase in the number of households on the other hand would explain the roots of one of the super challenges facing Iran’s economy: unemployment.
    Growth in population without concurrent economic growth cannot benefit the country from the so-called demographic “window of opportunity”—the period in which the working-age population is growing...
  • The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
    This is the Financial Tribune’s last edition of the current Iranian year (ending March 20). As Iran’s sole economic daily in English, it considers it apt to review the key economic developments of...
  • Golestan’s Exports Earn Over $180m
    About 240,000 tons of commodities worth $184 million have been exported from the northern Golestan Province since the beginning of the current Iranian year on March 21, 2017. According to Director...
  • Trade With Afghanistan Tops $2b
    Iran and Afghanistan exchanged 5.32 million tons of non-oil commodities worth $2.48 billion during the 11 months to Feb. 19, registering an 18.64% and 8.92% growth in tonnage and value respectively...
  • CBI Puts Q1-3  Growth at 3.4%
    Iran's gross domestic product grew 3.4% during the first three quarters of the current fiscal year (March 21-Dec. 21, 2017) compared with last year's corresponding period, according to the Central...
  • Medicinal Alert for Travelers to Central Asia
    The Islamic Republic of Iran Customs Administration has warned travelers to Central Asia about carrying a number of medications, namely Acetaminophen Codeine, Chlordiazepoxide, Diphenoxylate,...
  • Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
    With only a day left for the Supreme Labor Council to set the minimum wage for the upcoming Iranian year, negotiations are still ongoing among representatives of workers, employers and government...
  • Iran-Lithuania Trade Falls 44% in 2017
    Trade between Iran and Lithuania stood at more than €11.1 million in 2017, registering close to a 44% decline compared with 2016.  Iranian trade with the European country experienced the second...
  • 43% Rise in Amirabad Port Throughput
    More than 3 million tons of commodities have been loaded and unloaded in Iran’s northern Amirabad Port since the beginning of the current Iranian year on March 21, 2017, registering a 43% increase...
  • The government is planning to create 1.33 million jobs in the upcoming fiscal year (starting March 21).
    A total of 818,000 jobs were created in Iran during the first nine months of the current fiscal year (March 21-Dec. 21, 2017), indicating a 3.6% rise compared with last year’s similar period, the...
  • Tehran fell by two places in this year’s ranking to 121st most expensive city in the world, narrowly avoiding the bottom 10.
    Tehran is among the least expensive cities in the world to live in, according to the latest findings of the Worldwide Cost of Living Survey 2018 by The Economist Intelligence Unit.  The survey,...
  • Exports From FTZs Up 23%
    A total of $851 million worth of commodities were exported from Iran’s free trade zones during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20), indicating a 23% rise...
  • Customs Offices to Operate 24/7
    Customs offices across the country will be operating 24/7 during the Iranian New Year holidays known as Norouz (from March 21 to April 2), Iran Chamber of Commerce, Industries, Mines and...
  • Trade With Luxembourg Jumps 69%
    Trade between Iran and Luxembourg stood at close to €6.06 million in 2017, registering a 69% upsurge compared with 2016.  Iran’s trade with Luxembourg experienced the seventh highest year-on-year...
  • Intermediate, Capital Goods Account for 76% of Imports
    Capital and intermediate goods accounted for 76% of Iran’s imports in the first 11 months of the current fiscal year (March 21, 2017-Feb. 19), an official with the Trade Promotion Organization of...
  • Avian Flu Contained, Imports Compensate Shortages
    The recent avian flu outbreak infecting Iranian poultry farms has been contained and Iran Veterinary Organization has not received any new report of infection in the past two or three weeks. Hamid...
  • Public Transport Fleet Ready for Holidays
    Iran’s public transportation fleet is ready to offer services during the Iranian New Year holidays (starting March 21 for a period of 13 days) with one million seats, said an official with the...
  • Customs Revenues Top $4.5b This Year
    Revenues generated by the Islamic Republic of Iran Customs Administration earned since the beginning of the current Iranian year (March 21, 2017) to March 11, 2018, stands at 215 trillion rials ($4...
  • Food Aid Distribution Underway
    The Ministry of Cooperatives, Labor and Social Welfare has started its distribution of food aid package on Thursday. Each food package is worth 350,000 rials ($7.5) for a single person and 700,000...
  • (From L) Foreign ministers of Azerbaijan, Elmar Mammadyarov; Georgia, Mikheil Janelidze; Iran, Mohammad Javad Zarif; and Turkey, Mevlut Cavusoglu meet in Baku on March 15.
    The foreign ministers of Turkey, Azerbaijan, Georgia and Iran signed an agreement on projects to create...
  • CIMMYT Opens Research Center in Iran
    A conservational agriculture center, a joint project between Iran and the International Maize and Wheat Improvement Center, was launched in the city of Safiabad in the southern Khuzestan Province’s...
  • Indian Cabinet Clears Tax Treaty With Iran
    The Indian Cabinet on Wednesday cleared a double taxation avoidance agreement between India and Iran, which will promote investment flow and curb tax evasion. 
  • 35% Rise in Paper Production
    The production of all types of paper saw a 35% rise in the 10-month period since the beginning of the current Iranian year (March 21, 2017-Jan. 20) compared with last year’s corresponding period to...

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