Domestic Economy

Per capita consumption of pesticides in Iran is around 400 grams per year as opposed to 70 grams in the European countries and 80 grams in the United States, the head of Iranian Genetics Society…

Iran exported more than 85 tons of saffron worth over 3.68 trillion rials (about $98 million) during the 10 months to January 19, according to the Islamic Republic of Iran Customs Administration…

The share of cultural projects in the new budget (March 2017-18) has increased from 2.42% to 2.48%, said the government spokesman, Mohammad Baqer Nobakht.

Adding that non-governmental…

Iran, Russia and Azerbaijan have agreed to reduce tariffs on interstate cargo transit by 50% as part of efforts to activate the International North-South Transport Corridor, which aims to…

Urban management in Iran is a failure and trying to gloss over the reality of what’s happening is futile, the minister of roads and urban development said.

About 320,000 liters of blood plasma are produced in Iran whereas the country needs 700,000 to 1 million liters a year, according to the chairman of Health Economy Commission of Tehran Chamber of…

One of the main issues on the agenda of Azerbaijani President Ilham Aliyev’s visit to Iran, which ended on March 5, was the project of the International North-South Transport Corridor, which is…

Water crisis, environmental woes, crumbling pension funds, banking troubles, budget deficit and unemployment are six major challenges of Iran’s economy, the senior economic advisor to President…

With 5 trillion rials (over $133 million) worth of investment, Iran’s apparel industry has the potential of creating 370,000 jobs, a deputy minister of cooperatives, labor and social welfare said…

Mammut Industrial Group has replaced 350 aging cargo trucks with new ones over the past month, as part of an agreement to renovate a total of 5,000 trucks.

“This indicates that Mammut has…

The budget for Iran’s transport sector will increase 5% in the new Iranian year (March 2017-18) compared with the current year, owing mostly to an upsurge in the budget for the rail sector, a…

Legislators on Sunday extended the enforcement of value added tax for the upcoming fiscal year (starting March 21) and dropped the newly-proposed article narrowing the tax base to the final…

The Islamic Republic of Iran Customs Administration has announced that all pets leaving or entering the country now require permits from Iran Veterinary Organization. “It will be possible to…

A Mahan Air pilot, who detained his passengers for seven hours in a plane at Mashhad’s Shahid Hasheminejad Airport, has been arrested. Extensive travel delays and cancellations on February 18 were…

Non-oil exports from Chaharmahal-Bakhtiari Province in southwest Iran exceeded $96.7 million during the 11 months to February 18, registering a 24% increase compared with the corresponding period…

Slovakia’s Deputy Prime Minister Peter Pellegrini, Minister of Finance Peter Kazimir and Minister of Economy Peter Ziga, as well as representatives from 35 private companies, are scheduled to hold…

The industrial sector was the main driver of economic growth during the three quarters of the current Iranian year (started March 20, 2016).

Details of Iran's GDP growth during the period…

The Iranian Parliament finalized on Sunday the budget for the new Iranian year that starts on March 21.  A total of 160 lawmakers voted in favor, 19 voted against and four MPs abstained to…

Close to 340 tons of citrus fruits worth over $135,300 were exported from Mazandaran Province during the 11 months to February 18, registering an 87% and 60% growth in tonnage and value…

Iran produces more than 1.18 million tons of different kinds of nuts every year, close to 800,000 tons of which are consumed domestically and the rest is exported, an official with the Ministry of…

Iran and France are considering the expansion of mutual cooperation in the transport sector that has helped bilateral economic relations thrive after the signing of the landmark nuclear deal…

Members of the Iranian Parliament killed their newly-passed bill on executive salaries on Saturday and once again referred their original proposal to the Guardians Council.

On Wednesday,…

The sixth five-year development plan stipulates that the total length of Iran’s freeways should reach 7,500 kilometers by 2022, which marks the end of the plan, the deputy for planning and…

About 90% of Iran’s agricultural products are cultivated on irrigated lands, according to deputy energy minister.

Lawmakers voted on Saturday for the government to earmark 375 trillion rials ($9.91 billion) for cash subsidies in the new Iranian year (to start March 21, 2017).

The sum is only sufficient…