It is of paramount importance for the government to tame inflation. So long as it fails in this key arena, all economic policies, including the so-called plan to “boost production” and “support…
Domestic Economy
A nationwide plan to convert 1.4 million gasoline-powered public transportation and commercial vehicles to compressed natural gas hybrids, which was launched in 2019, is progressing at a very…
Business delegations from Kenya, Turkey and Senegal are scheduled to visit Iran by the end of June. The Kenyan business delegation is due to visit Tehran Chamber of Commerce, Industries, Mines…
The Producer Price Index (using fiscal 2016-17 as the base year) stood at 487.1 in the fiscal 2021-22 (ended March 20), indicating a 54.3% growth compared to the year before, new data released…
Iranian steel mills produced a total of 11.4 million tons of crude steel in the first five months of 2022, registering a 10.8% decline compared with the corresponding period of 2021. A…
Iran’s foreign trade, excluding crude oil exports, reached 36 million tons worth $25.5 billion in the first quarter of the current fiscal year (March 21-June 21), according to Alireza Moqaddesi…
‘Hotels and restaurants’ registered 63.7% in annualized inflation in the third month of the current Iranian year (May 22-June 21) — the highest among 12 groups of goods and services surveyed by…
The profits tax on enterprises will be calculated based on sales registered in their point-of-sale systems, says the head of Auditing Department of the Iranian National Tax Administration.…
Iran and the European Union’s 27 member states traded €1.67 billion worth of goods in the first four months of 2022, registering a 15.3% growth compared with last year's corresponding period.
Private sector development depends on appropriate international relations, but sanctions have prevented Iranian companies from forging ties with their foreign counterparts in recent years,…
A total of $113 million worth of apparel were exported from Iran in the last Iranian year (March 2021-22), registering a 61.4% rise compared with the year before when the figure was close to $70…
New data released by the Statistical Center of Iran confirms inflation has reached an unprecedented level. Food prices increased by 25.9% in the third month of the current Iranian year (May 22-…
In the fiscal 2019-20 and 2020-21 university entrance exams, 84% of those admitted with a rank below 3,000 and 86% of those admitted to majors, such as medicine, dentistry and pharmacy, were…
A total of 166,000 tons of seafood worth $554 million were exported from Iran in the last fiscal year (March 2021-22), registering a 19% and 14% rise compared with the year before, according to…
A group of economists wrote about Iran’s economic woes in an open letter published recently and suggested ways of improving the situation, Hossein Haqgou, an economist, prefaced his write-up for…
A total of 50,761 tons of red meat were produced in Iran’s official slaughterhouses during the month ending May 21 to register an 8% increase compared to the previous month and an 11% year-on-…
The latest proposal by the Ministry of Economic Affairs and Finance on taxing bank transactions has provoked the ire of economic players and business owners.
A 21-strong Iraqi business delegation from Diyala Governorate arrived in Iran’s Ilam Province on Sunday for a two-day stay, according to the chairman of Ilam’s Chamber of Commerce, Industries,…
Iran traded 8.84 million tons of goods worth $5.14 billion with six Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, during the first two months of…
Iran’s trade with Kazakhstan stood at 729,000 tons worth $265.2 million in the fiscal 2021-22 (ended March 20), registering a 71% and 29% year-on-year growth in volume and value, respectively,…
Given the precarious situation of Iranian pension funds and widespread anxiety among retirees, a detailed review of the factors and players involved is crucial.
A total of 2.56 million tons of foreign goods were transited through Iran during the current fiscal year’s first two months (March 21-May 21), registering a 39% rise compared with the similar…
A total of 57.8 million tons of agronomic products are estimated to have been harvested from more than 12 million hectares across the country in the last crop year (September 2020-21), according…
The Education and Human Resources Institute, affiliated with Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold three online business courses in June and July.…
The general price index of construction materials for residential properties in Tehran, using 2011 as the base year, grew by 55.3% during the four-quarter period ending March 20, which marks the…
