Domestic Economy

Trade between Iran and EU member states in January stood at €387.12 million to register a 17.79% increase compared with the same month of 2019, latest data provided by the European Statistical…

Iran’s non-oil foreign trade stood at $85 billion in the fiscal 2019-20, of which exports accounted for $41.3 billion and imports for $43.7 billion, Mehdi Mirashrafi, the head of Islamic…

Iran’s trade with Turkey totaled $561.37 million during the first two months of 2020 to register a decline of 57.72% compared with the corresponding month of 2019, data released by Turkish…

The economic implications of the new coronavirus outbreak in Iran have yet to be precisely gauged, yet it is evident that the economy, already battered by years of punishing sanctions, is facing…

To help break the coronavirus transmission chain, the Ministry of Cooperatives, Labor and Social Welfare will automatically extend the work permits of foreign nationals in Iran.  

The budget for the new Iranian year (2020-21), which started on March 20, was presented to the parliament in November but fell victim to the devastating coronavirus crisis and the election of…

The average goods and services Consumer Price Index in the 12-month period ending March 19, which marks the last day of the fiscal 2019-20, increased by 34.8% compared with the corresponding…

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 2.7% in the last Iranian month (Feb. 20-March 19), indicating a 0.1 percentage point…

Shipping of pharmaceuticals has now turned into a major concern for importers, as transportation of such vulnerable products are mostly carried out by air, says Nasser Riahi, a senior member of…

The ban on ethanol imports has been lifted, according to the director general of the Ministry of Industries, Mining and Trade's Import and Export Bureau.

All executive bodies responsible for the supply and distribution of essential goods across the country will be active during the Iranian New Year holidays (March 20-April 1), says the spokesman…

Iran Post, the government-owned and operated corporation responsible for providing postal services in Iran, quarantines all packages received from abroad for 48 hours before delivery. According…

East Azarbaijan exported $334 million worth of agricultural products during the first 11 months of the current Iranian year (March 21, 2019-Feb. 19). According to Akbar Fat'hi, the head of East…

Sections 2 and 3 of a 14.6-kilometer-long freeway connecting the capital city Tehran to Karaj, the capital of Alborz Province, were inaugurated on Tuesday.

Iran’s non-oil foreign trade during the first 11 months of the current Iranian year (March 21, 2019, to Feb. 19) stood at $78.5 billion, the Islamic Republic of Iran Customs Administration's…

A national forum entitled “Eurasia, a Bridge Toward Free Global Trade” is scheduled to be held in Tehran on June 25 by the Trade Training Center affiliated with the Ministry of Industries,…

Export Price Index, an indicator measuring the overall change in prices for goods and services sold abroad, (using the year ending March 2012 as a base year), stood at 568.1 in Iran for the…

A total of 122,482 research and development projects were carried out in Iran in the fiscal 2017-18, on which 121 billion rials ($815,178) were spent, according to a recent report published by…

A total of 22.03 million tons of non-oil goods worth $7.15 billion were exported from the southern Bushehr Province during the first 11 months of the current Iranian year (March 21, 2019-Feb. 19…

The Statistical Center of Iran forecasts a 7.2% decline in Iran's GDP for the current fiscal year (ending March 19), adding that economic growth is expected to stand at 0%, excluding oil…

Majlis Research Center, the research arm of the Iranian Parliament, estimates the inflation rate for the fiscal year to March 19 will stand at 35%.

As the human costs of COVID-19 pandemic continue to rise, the virus is also taking its toll on the economy. Analysts expect to see a negative impact on all sectors of the economy, from business…

Iran exported 6.34 million tons of agricultural and food products worth $5.2 billion during the first 11 months of the current Iranian year (March 21, 2019-Feb. 19), according to Shahrokh…

Iran's gross domestic product in the third quarter of the current Iranian year (March 21-Dec. 21, 2019) stood at +1.2%, Governor of the Central Bank of Iran Abdolnasser Hemmati wrote in an…

The Central Bank of Iran has released a list of businesses that have been directly affected by the outbreak of the novel coronavirus, COVID-19. These businesses can apply to receive support and…