According to the Trade Promotion Organization of Iran, non-oil exports and imports in the fiscal 2021-22 were almost equal while the weight of exported products was three times that of imports,…
Domestic Economy
Direct flights between Rasht in northern Iran’s Gilan Province and Russia’s Astrakhan will start on May 6, according to the manager of Gilan Airport.
A tiny fraction of Iran’s population, about eight percent, can be considered as wealthy. The large majority is either poor or middle-income. The rich are experiencing exponential growth in…
No airline has so far submitted flight schedule to Qatar for the World Cup 2022, Maqsoud Asadi-Samani, secretary of the Association of Iranian Airlines said. “The only local airline which…
The average goods and services Consumer Price Index in the 12 months to April 20 increased by 39.2% from the corresponding period the year before, latest data released by the Statistical Center…
High and rising Inflation has become a structural problem in Iran. Why, economists ask, has it become unmanageable despite the regular dose of hope and assurances of apologists for the…
The government’s new decision to impose duties on the export of agrifood products has agitated exporters. The new fiscal year’s budget bill (2022-23) stipulates a 0.5% duty on the export…
The average Consumer Price Index of “education” in the 12-month period ending March 20, which marks the last day of the fiscal 2021-22, increased by 25% compared with the corresponding period of…
Misguided policies rooted in command economy and unscientific ideological approaches are to blame for the economic cul-de-sac in which Iran remains stuck for years; the Iranian government needs…
A total of 2.13 million tons of goods worth $720 million were exported from South Khorasan Province, located in eastern Iran, in the fiscal 2021-22 (ended March 20), registering a 40% and 14%…
The International Monetary Fund is expecting Iran’s economy to grow by 3% in 2022. In a new World Economic Outlook report titled “War Sets Back Global Recovery”, IMF say the country’s economy…
Cold weather in spring has inflicted 130 trillion rials ($456 million) in damage to pistachio orchards in Kerman Province, says the chairman of Kerman Chamber of Commerce, Industries, Mines and…
The Education and Human Resources Institute, affiliated with Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold four specialized business courses in April and…
Exports from Markazi Province hit 1.63 million tons worth $1.23 billion in the fiscal 2021-22 (ended March 20), registering a 6% year-on-year decline in weight, but a 34% growth in value,…
One of the important tasks of the government is to defend people’s capital. Societies that have taken the lead in development are those whose governments have been successful in…
Iran traded 100.13 million tons of goods worth $51.87 billion with its 15 neighboring countries (with which it shares sea or land borders) in the last Iranian year (March 2021-22), according to…
The average goods and services Consumer Price Index of “communications” in the 12-month period ending March 20, which marks the last day of the fiscal 2021-22, increased by 6.4% compared with…
Workforce productivity should improve to reduce the negative effects of inflation and the rise in minimum wage, Ali Chagharvand, the director of Plan Management, Planning and Monitoring…
The average goods and services Consumer Price Index of “transportation” in the 12-month period ending March 20, which marks the last day of fiscal 2021-22, increased by 37.5% compared with the…
Iran’s trade with Eurasian Economic Union member states stood at 13.13 million tons worth $5.64 billion in the fiscal 2021-22 (ended March 20), registering a 51% and 66% year-on-year growth in…
A total of 557,453 business permits were issued by the Ministry of Industries, Mining and Trade during the last fiscal year’s first 11 months (March 21-Feb. 19), registering a 5.3% decline…
The annualized monthly inflation of Tehran’s residential housing hit the lowest in 41 months in the last month of previous fiscal year (Feb. 20-March 20), latest data released by the Statistical…
The average Consumer Price Index of “health and treatment” in the 12-month period ending March 20, which marks the final day of the fiscal 2021-22, increased by 38.7% compared with the…
The Ministry of Industries, Mining and Trade's review of the last Iranian year’s first 11 months (March 21, 2021-Feb. 19) indicates the output of 11 products (out of 28 under review) registered…
The Ministry of Industries, Mining and Trade’s recent decision to levy customs duties on the export of a wide range of mineral products has drawn criticism among exporters.
