Reaching an annual production volume of 6 quadrillion rials ($220.7 billion at official exchange rate) needs a cash flow of 2.2 quadrillion rials ($80.9 billion), and to provide this cash flow the…
Domestic Economy
Over the first 9 months of the fiscal year (March 21st -December 21st 2014), the United Arab Emirates was the main country of origin for imported goods, based on the latest report by the Islamic…
The Gini index or Gini coefficient is expected to show signs of improvement by the end of the current year as a result of the anti-inflationary policies adopted by the government; IRNA quoted a…
The foreign trade balance saw a $12.8-billion deficit during the first nine months of the current year. Over the period (March 21- December 21, 2014), the volume of imports constituted 60.07…
Some 1,500 economists have been invited to attend the First Iranian Conference on the Economy to be held in Tehran January 12-13 to study major economic problems and investigate avenues to reach…
The value of bilateral trade between Iran and China from January to November 2014 increased by 36 percent compared to the same period last year, according to data released by China’s Customs as…
Iran and its southern neighbor, the United Arab Emirates, have discussed ways to boost their ties in air transportation, direct flights, and aviation training, Fars news agency reported yesterday…
Some 100,000 tons of low quality tea, mainly from India and Sri Lanka, are imported legally and illegally and then sold at prices twice more than those of quality Iranian tea in the domestic…
The fall in oil prices should be seized as a good opportunity for the government to modify its administrative structure and reduce its dependence on oil revenues, said Yahya Al-e Es’Haq, the…
The country’s bureaucratic structure has to undergo reforms to be made more efficient, Asghar Masahebnia, an official with the ministry of mine, industry and trade, said on Friday.”The government’…
Cash subsidies are affecting the economy the same way a fatal poison affects human organs, Jamshid Barzegar, head of mass builders’ union, said on Thursday. He added that “the government should…
First Vice President Esha’q Jahangiri lauded on Thursday the government’s overall economic performance, saying that the dynamic foreign policy adopted by the administration has convinced many…
Unemployment rose to 10.5 percent in autumn (September 23-Decemebr 21) from 9.5 percent in summer, the Statistical Center of Iran reported on Friday.
Compared to the autumn of 2013, the…
Transit fees collected by Iran at its joint border with Turkey could diminish the positive impact of the recent agreement between the two countries over tariffs on their preferential trade, the…
The country’s current budget must be based on revenues earned from taxes and duties in order to offset the oil revenue loss caused by the fall in the international oil market, senior presidential…
Agricultural land use change have dramatically declined in the current year, IRNA reported on Friday. Some 6,500 hectares of agricultural land is recorded to have changed use…
Iranian and Iraqi officials agreed on Thursday to speed up the plan to link the two countries' rail networks in an attempt to facilitate the transfer of Iranian goods and pilgrims to Iraq, FNA…
Top economic officials from Turkey and Iran met in Tehran on Wednesday to discuss ways of expanding their annual trade exchanges to $30 billion.
Mohammadreza Nematzadeh, minister of…
Private sector experts believe that despite the central bank’s growth report this month, small industries have not yet exited recession.
The administration has vowed to help increase the ceiling of loans granted to the Mehr housing scheme, as the project awaits some 800 thousand unfinished housing units to be completed.
The US dollar has appreciated against the rial in recent weeks but this time depreciation of the rial coincided with the unprecedented sinking of the Russian ruble for the first time since 1998.…
Iran is seeking to increase its export of goods and services to Brazil, Fakhreddin Amerian, head of Iran-Brazil joint chamber of commerce, said on Wednesday. “The Brazilian market is a high-…
Golestan Province has exported $224.83 million worth of goods during the first nine months of the current Iranian year (March 21-December 21, 2014), Ali Akbar Shamani, the director general of the…
The number of flights from Iraq to Iran is likely to increase, as an attempt by the Iraqi government to encourage more Iranian tourists to visit Iraq, Ali Jahangiri, the chairman of Civil Aviation…
The recent Central Bank of Iran’s growth report is only related to the state-run companies and has nothing to do with private enterprises, said Yahya Al-e Es’haq, head of Tehran’s Chamber of…
