The predicted three-percent economic growth will not be achievable even if investments grow by 12 percent, as long as the country’s manpower, business processes and rate of productivity are not on…
Domestic Economy
A high ranking economic delegation, from 30 major companies in Singapore, is to visit Iran on January 31, Mehr news agency reported on Wednesday. The delegation is seeking to promote mutual ties…
The current rate of economic growth indicates that recession is coming to an end, said the general manager of Economic Statistics Bureau in Central Bank of Iran (CBI), Ali Moghtadayee on Tuesday,…
Iran will encounter no budget deficit even if the oil price drops to half its current value, government spokesman Mohammad-Baqer Nobakht said on Monday on the sidelines of the first National…
With the plunge in global oil prices by nearly 50 percent in the past six months which led to turbulences in Iran’s currency exchange market and dramatic drops in the equity market stock values,…
Iran is to export engineering and technical services to its eastern neighbor, Afghanistan, considering the large number of constructional projects there, Mahmood Eskandari, the general manager of…
Iran and Russia will engage in preferential trade with one another in the near future, Mohammad Hossein Barkhordar, the chairman of the import assembly in Iran Chamber of Commerce and Trade told…
While basic foodstuff was imported for strategic storage purposes during the first eight months of this year (March 21- October 21, 2014), given the available supply of rice and sugar their…
The inflation rate in Iran’s rural areas reached 16 percent in the Iranian month of Azar (ending December 21), down 17.3 percent from one month earlier, a recent report released by the Statistical…
Non-oil export recorded 18 percent growth during the first nine months of current fiscal year (March 21st 2014- March 20th 2015) compared to the same period last year, according to Head of Trade…
The first cargo will be officially imported through the Inche Boroun railway on January 7, IRNA reported. An 8,000-ton cargo of wheat will be the first freight transported via this route,…
Some 306, 49 tons of non-oil commodities were exported from Bandar Lengeh, in southern province of Hormozgan, during three quarters of the current Iranian calendar year (which started on March 21…
Economic Affairs and Finance Minister Ali Tayyebnia is to visit Kuwait on Tuesday to discuss bilateral ties, IRNA quoted KUNA on Monday. Tayyebnia is scheduled to attend a meeting at Kuwaiti…
Given the range of disagreements the parliament has with the Rouhani administration, the latest outburst of conflict only got a small footnote in domestic news outlets. Last Thursday (January 1),…
Head of Iran’s Chamber of Commerce, Mines, Industries and Agriculture Gholam Hossein Shafe’ie has criticized what he called “disproportionate implementation” of Article 44 of the Constitution. He…
Twelve years since the idea of ‘preferential trade’ was first proposed, the country has not been able to sign a satisfactory number of contracts in this regard, Mehdi Behkish, the head of Iran’s…
The domestic production of home appliances increased by 30 percent in the first nine months of the current year (March 21-December 21, 2014), Mohammadreza Nematzadeh, the minister of industry mine…
According to a senior agricultural jihad ministry official Iran is no longer reliant on rice import. The import of rice has come to a complete halt since the beginning of the current Iranian year…
The recent announcement of a rise in the unemployment rate can be justified by the seasonal slump in agricultural activities in autumn, a top official says. Confirming the authenticity of…
The import of barley, not including barley corn, increased by 129 percent in the first eight months of the current year (March 21-December 21, 2014). According to the Customs Administration Office…
If the government can carry on with the economic growth at the current pace, it will be able to meet the employment goals, Mohammad Nahavandian chief of staff of President’s Office said on Sunday…
The first economic development plan was implemented in 1948 for seven years and until now there have been nine other plans, the first two took seven years and the next eight took five years each.…
President Hasan Rouhani said on Sunday that Iran's economy must break free from what he called "monopolistic grip". He also said major economic issues should be put to a referendum
Inflation has been curbed at the expense of amortization of production capacity, the minister of roads and urban development said.
As long as business is marginalized in the country, it is difficult to expect diplomatic relations to help develop the economy, Yahya Al-Es’haq head of Iran’s Chamber of Commerce, said on Sunday…
