Household expenditures in urban areas increased by 31.4 percent last year (ending March 2014) compared to a year earlier, a new report by the Central Bank of Iran revealed.
Domestic Economy
After 21 months, a new rolling mill production unit, which was an Iranian –Kuwaiti joint venture, came on stream, officials familiar with the project said.
The Rouhani administration seriously pursues shifting the country’s economic system from the current resource-based economy to a technology-based one and afterwards to an innovation-based…
Attempts have to be made to amend the distribution of tobacco products, head of planning and supervision center of Iran’s tobacco products told IRNA on Saturday.“The distribution of tobacco…
The change in the producer price index (PPI) dropped to 19 percent year on year in the month of Mehr (September 23-October 22), the smallest amount since the fiscal year started on March 21,…
Foreign investors can now own up to 51% of Iran’s car companies, minister of industry, mine and trade, Mohammadreza Nematzadeh, suggested on Friday.
Around 10.2 million tons of wheat was harvested from a total 3.08 million hectares of land since the beginning of the current Iranian year (started March 21, 2014). The number indicates a 10…
The north-eastern province of Khorasan Razavi exported about 1.3 million tons of goods worth more than $1 billion in the first seven months of the current year (March21- October 22, 2014), Ali…
Increasing the construction of housing units seems to be the only way to eliminate middlemen and their minions from the housing market, Hamed Ghadermarzi, a member of the civil construction…
Iran is resolved to broaden its economic relations with the world, minister of economic affairs and finance, Ali Tayebnia, said on Friday.
The transit fee spat facing trucks carrying goods between Iran and Turkey has hampered export between the two countries at Bazargan border, the Chairman of Iran-Turkey Joint Trade Commission Reza…
An official in the ministry of industry, mine and trade said that World Bank’s (WB) figure of -16.4 percent growth for Iran’s industrial production was only an estimate and not an official figure…
The High Assembly of Workers’ Representatives has called on the relevant labor officials to improve transparency in the terms of temporary contracts and the calculation of unemployment termination…
The number of foreign trade delegations traveling to Iran for exploring investment opportunities has increased eightfold this year compared to the previous year, Abolfazl Koudei, director of…
A working group led by the minister of communications and information technology, Mahmoud Vaezi, is paying a visit to Azerbaijan on Thursday, AzerTag reported.
Olive production since the beginning of the current Iranian year (March 21, 2014) has dropped 30 percent, Ahmad Bolandnazar, the head of the National Oil Council told MNA on Wednesday. Almost 70,…
A trade expert in Tehran criticized the recent attempts by the government to raise exports to Russia, calling them “politically driven.”
“The issue of exports to Russia has created real…
Germany, Switzerland, Italy and Netherlands have been among the 10 main exporters of goods and services to Iran in the first half of the current Iranian year (March 21-September 22).
In a recent visit to the Damghan-Galugah highway which runs from Iran’s Mazandaran province to the northeastern Semnan province, the CEO of Construction and Development of Transportation…
Fruit exports have the potential to generate revenues 3 to 8 times higher than a barrel of oil, according to Reza Noorai, chairman of Iran’s Export Confederation.
No budget deficit will be in sight for fiscal year 2014/2015, though oil prices have drastically fallen in recent weeks, a top economic official said on Wednesday.
Government Spokesman…
Iran’s average urbanization rate has reached 73 percent, said Mohammad Pejman, the deputy minister of roads and urban development to IRNA on Wednesday.
The unprecedented surge in the number of overflights and the need to observe International Civil Aviation Organization (ICAO) requirements has necessitated the allocation of $200 million credit to…
Eighty agreements have been signed between cooperative sectors of Iran and Iraq, secretary of Hamedan Chamber of Commerce told FNA on Tuesday. An Iranian delegation recently traveled to Iraq and…
In accordance with its plan to improve the quality of construction materials, the ministry of roads and urban development is to issue its quality assurance certification only to quality domestic…
