Domestic Economy

Coronavirus lockdowns inflicted monthly losses worth 260,000 billion rials ($1.47 billion) on local businesses under the supervision of Iran Chamber of Guilds.

Some 2.3 million tons of travertine were extracted from mines in Mahallat County of Markazi Province during the last Iranian year (ended on March 19, 2020), says the head of Industries, Mining…

As per the decision of Market Regulation Headquarters on June 4, customs duties on rice imports have decreased from 25% to 10%, Fars News Agency reported.

Iran’s commercial exchanges with the US stood at $17.2 million during January-April to register a 43.97% decline compared to the corresponding period of 2019. Latest data released by the US…

Iran’s cooperatives sector has created 1.8 million jobs in different economic fields, according to the head of Iran Chamber of Cooperatives.

More than 11 million tons of milk were produced in Iran during the last Iranian year (March 2019-20), according to the deputy agriculture minister for livestock affairs. “Over 700,000 tons of…

The Supreme Council of Transportation, affiliated with the Ministry of Roads and Urban Development, has approved a 20% rise in rail fares as of June 21, says the secretary of Iran’s Guild of…

Iran has dropped five places from last year to 125 in this year's business environment resilience index. 

The government unveiled the draft plan for the overhaul of the current fiscal year’s budget law (March 2020-21) on Saturday, which “entails a major surgery of the economic and administrative…

Some 150 Iranian trucks entered Turkey on Thursday after the reopening of customs gates between the two neighbors, says the spokesman of the Islamic Republic of Iran Customs Administration.…

Trucks started arriving at border gates after Turkish Trade Minister Ruhsar Pekcan on Thursday announced that Turkey has reopened the Gurbulak border gate with Iran (known as Bazargan on the…

Application for 24,000 billion rials ($136 million) in coronavirus bailout loans for airlines and other aviation sectors opened at the Ministry of Cooperatives, Labor and Social Welfare’s Kara.…

The agriculture sector’s share in generating Iran’s gross domestic product (GDP) increased from 3.1% in the fiscal 1977-78, the year before the Islamic Revolution, to 6.2% in 2017-18 when the…

Director general of Roads and Urban Development Organization of Tehran Province says 4.5 million residents of the province are living in decrepit suburban areas.  "Nearly 30% of the…

Iran exported 1.06 million tons of commodities worth $341 million to Afghanistan during the first two months of the current Iranian year (March 20-May 20) to register a 3.5% rise in tonnage and…

A total of 3.72 million tons of commodities, including gas condensates, worth $823.81 million were exported from the southern Bushehr Province during the first two months of the current Iranian…

A total of 8.64 million tons of commodities were loaded and unloaded in a southern port during the first two months of the current Iranian year (March 20-May 20), according to the director…

Iran and the Eurasian Economic Union have traded $2.11 billion worth of goods since Oct. 27, 2019, when the preferential trade agreement between the two sides came into effect, according to the…

The Ministry of Roads and Urban Development plans to lay 1,660 kilometers of new railroads across the country by the end of the current fiscal year (March 20, 2021). The new projects would…

Misguided policies related to the tobacco industry, restrictive regulations and lack of thoughtful plans have led to a decline in output of Iranian Tobacco Company in recent years, says a member…

All supplements, over-the-counter drugs, licensed medicines and imported granules that have local counterparts as well as inactive ingredients added during the pharmaceutical manufacturing…

Some $30 million worth of non-oil goods have been exported to Iraq via Iran's Khorramshahr Port since the beginning of the current Iranian year (March 20), an official with Arvand Free Trade…

Iran’s foreign non-oil trade stood at $9.34 billion in two months ending May 20, of which exports accounted for $4.3 billion and imports $5.04 billion, the spokesperson of the Islamic Republic…

Studies by Majlis Research Center, the research arm of the parliament, show per capita income or average income of the Iranian people saw a 34% decline between the fiscal 2011-12 and fiscal 2019…

Out of 800 million suburban trips to the capital city Tehran every year, only 5.7 million (around 7%) are undertaken by suburban trains, according to the head of the Islamic Republic of Iran…