Domestic Economy

The average goods and services Consumer Price Index in the 12-month period ending April 19, which marks the end of the first month of the current Iranian year, increased by 32.2% compared with…

Over 130,000 tons of red meat were imported into Iran in the last fiscal year (March 2019-20), the head of Cattle Farmers Association said. 

Penalty for employers hiring illegal foreign workers amid the coronavirus outbreak and closure of workshops has been set at 3.05 million rials ($19.6) per day, an official with the Ministry of…

With 17.22 million tons of output, Mobarakeh Steel Company had the largest share of steel production in Iran in the last fiscal year that ended on March 19, 2020. The company produced 8.09…

Iranian aluminum producers had an aggregate output of 275,716 tons of aluminum ingots during the last Iranian year that ended on March 19, 2020, which indicates an 8% decrease compared with last…

The outbreak of coronavirus has lowered the income of more than half of the Iranians, the latest opinion poll conducted by the Iranian Students Polling Agency nationwide between April 12 and 15…

Customs revenues reached 160 trillion rials (over $1 billion) in the last fiscal year (March 2019-20) just as it was projected in the budget law, the head of the Islamic Republic of Iran Customs…

Duties on exports of chicken have been abolished until May 21, the Islamic Republic of Iran announced in a directive sent to all customs terminals across the country. According to Mehdi…

A total of 24.75 million tons of goods, including gas condensates, worth $8.5 billion were exported from the southern Bushehr Province in the last Iranian year that ended on March 19, 2020.

The Food and Agriculture Organization of the United Nations has increased its Emergency Technical Cooperation project (TCP) to help battle swarms of the desert locust by an additional $200,000.…

Iran exported 228 tons of saffron in the first 11 months of last fiscal year (March 21, 2019-Feb. 19) to register a 1.8% rise compared with the corresponding period of the year before.…

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) expects to make 18 mining projects operational with a total investment of $2.56 billion in the current…

Azerbaijan has extended the ban on the entry of Iranian cargo trucks until May 4. Nonetheless, according to the Islamic Republic of Iran Customs Administration, truckers are still able to park…

A total of 25.09 million tons of essential goods worth $15.5 billion were imported into Iran during the last fiscal year (March 2019-20) to register a 20.77% and 17.13% increase in weight and…

Unemployment rate for university graduates stood at 15.6% in the fourth quarter of the current Iranian year (Dec. 22, 2019-March 19), posting a 2% decrease YOY.  Higher education…

More than 1 million tons of dates were produced in Iran in the last Iranian year (ended March 19, 2020), the secretary of National Association of Iranian Dates said. Ali Asghar Mousavi added…

A total of 120,068 tons of goods worth $36.73 million were exported via Astara railroad in the northern Gilan Province last year. According to Rasoul Omidi, a local official, exports mainly…

About 600,000 of people have filed for unemployment because of the coronavirus pandemic over the past 20 days, says Hojjat Mirzaie, an official with the Ministry of Cooperatives, Labor and…

The delay or non-performance of contractors in fulfilling their obligations due to the outbreak of coronavirus is acceptable and expenses resulting from delays, workers’ wages and machinery…

National Iranian Copper Industries Company and its subsidiaries, including Sungun, Miduk and Sarcheshmeh copper complexes, produced an aggregate of 1.17 million tons of copper concentrate in the…

Following the outbreak of the new coronavirus, the balance between production and demand has been disturbed in the chicken industry and producers have suffered great financial loss. …

Low-risk businesses affiliated to Tehran Guild Chamber on Saturday resumed activities as per the Smart Distancing Initiative to tackle the COVID-19 outbreak while minimizing its economic fallout…

Major Iranian lead and zinc producers extracted a total of 977,343 tons of ores in the last Iranian year that ended on March 19, 2020, to register an 11% decline compared to the year before, the…

India’s 10th wheat consignment for Afghanistan arrived in Iran’s southeastern Shahid Beheshti Port in Chabahar on Wednesday, with Afghanistan's Ambassador in Tehran Abdul Ghafoor Liwal in…

Small- and medium-sized enterprises exported €55 million worth of commodities during the first 10 months of the last Iranian year (March 21, 2019, to Jan. 20), according to a report by the…