Domestic Economy

  • PTA With Turkey Not in Iran’s Interests
    Iran’s economic interests have not been incorporated in its preferential trade agreement with Turkey and this has had consequences for the Iranian economy, the chairman of Iran Chamber of Commerce...
  • Iran traded $3.44 billion worth of non-oil goods with Germany during the last Iranian year (ended March 20, 2018), which was 20.51% more compared to the year before, making the European country...
  • Rail freight transportation stood at a record high of 46 million tons during March 2017-18.
    Around 24.45 million passengers were transported by Iran’s railroads in the last Iranian year (March 2017-18), showing a 6.3% rise compared with the previous year, the deputy for passenger affairs...
  • Eraser Imports at $1.4 Million in  11 Months
    More than 480 tons of erasers worth over 46.8 billion rials ($1.42 million) were imported into Iran during the 11 months to Feb. 19, based on figures released by the Islamic Republic of Iran...
  • Trade With Turkey Tops 20%
    Iran’s non-oil commercial exchanges with Turkey totaled $7.18 billion in the last Iranian year (March 2017-18), growing by 20.01% compared to the year before, the Islamic Republic of Iran Customs...
  • Tax and customs duties earned the government over 1,156 trillion rials ($27.52 billion), 14% more than the year before.
    The government’s total revenues and spending in the last Iranian year (ended March 20, 2018) stood at 3,200 trillion rials ($76.19 billion), registering a 13% rise compared with the year before, a...
  • The World Bank believes lack of job creating growth will continue to pose an important challenge to Iran.
    As the impact of the previous year’s boost in oil production and exports dissipates, Iran's overall growth rate is expected to stabilize at around 4.2%, with a larger contribution from the non-oil...
  • Frost Causes Heavy Losses  in 17 Provinces
    The heavy frost that set in around a week ago inflicted extensive damage to orchards across 17 Iranian provinces, according to Mohammad Ali Tahmasebi, deputy agricultural minister for horticultural...
  • 50 Female Pilots Apply to Join Iran Air
    About 50 female pilots are to take part in Iran Air’s upcoming recruitment exam, Iran Air’s chief executive said.  “Not all of the female applicants are eligible to operate passenger flights,”...
  • Apparel Smuggling at Over $940m
    Iran’s official apparel imports in the last Iranian year (March 2017-18) stood at around $59 million, while statistics from the International Trade Center suggests apparel entering the country...
  • Russia Seeks INSTC Logistics Operator
    The Russian Railways JSC is discussing the formation of a logistics operator for the...  
  • International Tender for New IKIA Terminal
    Iran's Imam Khomeini Airport Company plans to hold an international tender to select qualified contractor...
  • Nail Imports at $1.81m Last Year
    More than 945 tons of nails worth 61.7 billion rials ($1.81 million) were imported into Iran during the last Iranian year (March 2017-10), figures released by the Islamic Republic of Iran Customs...
  • Non-Oil Trade With India Grows 5%
    Iran traded $4.98 billion worth of non-oil goods with India during the last Iranian year (ended March 20, 2018), which is 5.13% higher compared to the year before, making the South Asian country...
  • Iran’s Parliament Speaker Ali Larijani (C) attends the Vietnam-Iran Business Forum on April 16. (Photo: VNA)
    Iranian and Vietnamese firms discussed trade opportunities at the Vietnam-Iran...
  • The unemployment rate was 13.4% for urban areas (2.63 million people) and 8.2% for rural areas (572,913 people).
    Iran’s unemployment rate stood at 12.1% in the last fiscal year that ended on March 20, registering a 0.3% drop compared with the year before, according to the latest report by the Statistical...
  • Public employees’ compensation accounts for the lion’s share of government expenditure followed by its consumer purchases, as well as rents and financial frictions.
    Budget deficit, the mismatch between the government’s spending commitments and what it is projected to earn in oil revenues, taxes and other sources of income, has been a way of life for Iranian...
  • Hormozgan Ports Throughput  Up 7.4%
    More than 107.98 million tons of oil and non-oil products were loaded and unloaded in ports located in the southern Hormozgan Province in the last Iranian year (ended March 20, 2018), registering a...
  • 419 Hectares of Greenhouses Renovated
    A total of 419 hectares of greenhouses were renovated and upgraded in Iran during the last fiscal year (ended March 20, 2018) at a total cost of 640 billion rials ($15.24 million), the head of the...
  • Soap Imports Surpass $15m
    More than 12,300 tons of different kinds of soap worth over 523 billion rials ($15.33 million) were imported into Iran in the last Iranian year (ended March 20, 2018), figures released by the...
  • Bony Fish Output in Mazandaran Increases
    In the recently ended fishing season (Oct. 12, 2017-April 14), bony fish output in the northern Mazandaran Province bordering the Caspian Sea amounted to around 2,700 tons, marking a rise of 17.5%...
  • North Khorasan Exports Exceed 530K Tons
    About 532,000 tons of commodities worth over $150 million were exported from the northeastern Iranian province of North Khorasan in the last fiscal (ended March 20, 2018), registering a decrease of...
  • Iran-Pakistan Transit Corridor to Be  Launched Soon
    Iran and Pakistan will establish a transport and transit corridor in the near future, Iran’s minister of roads...
  • Iran needs to expand its trade with more partners if it is to increase non-oil exports and achieve the Sixth Five-Year Development Plan’s (2017-22) target of growing non-oil exports 15% of GDP by 2020.
    The comparatively low share of oil exports to GDP reflects Iran's relatively large and diversified economy.
  • Exports to Ukraine Up  75%, Imports Down 22%
    Iran’s non-oil exports to Ukraine amounted to $70 million in 2017, registering a 75% rise compared to the year before, Iran’s Ambassador in Kiev Mohammad Beheshti Monfared said. Iran imported $552...

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