Domestic Economy
July 21, 2023 19:47
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May 07,2021The National Coronavirus Headquarters has agreed that restrictions imposed on Group II of jobs in the high-risk red and orange zones for coronavirus transmission, including Tehran’s Grand Bazaar... -
May 07,2021A total of 1,750 tons of raw silk cocoons are estimated to be produced in spring (started March 21), from which 285 tons of silk threads will be produced, according to the head of Iran Sericulture...
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May 07,2021Any residential unit located in cities with a population of over 100,000 is considered vacant property, if it remains unoccupied for more than 120 days, and will be taxed. Rundown residential...
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May 07,2021The Cabinet has decided to increase home renovation loans in urban slum areas, which are offered at the interest rate of 9%, from 500 million rials ($2,283) to 1,200 million rials ($5,479) in large...
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May 07,2021The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold two specialized courses on taxes and financial...
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May 05,2021Home construction loans in urban slum areas have been paid to 20,295 applicants since fiscal 2019-20 up until now, Mohammad Hassan Alamdari, an official with Bank Maskan, the state agent bank of...
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May 05,2021The Purchasing Managers’ Index for the housing sector in the first month of the current Iranian year (March 21-April 20) settled at 40.5 from 63.93 in the preceding month (Feb. 19-March 20),...
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May 05,2021The employment rate of people 65 years and above has declined in the past few years, data released by the Statistical Center of Iran show. The employment rate of this age group in the fiscal 2011-...
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May 05,2021Iran's foreign trade, excluding crude oil, declined to a 10-year low in the fiscal 2020-21. Non-oil trade decreased from $105.9 billion in the fiscal 2011-12 by an annual average of 3.9% to $73.9...
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May 05,2021Restaurant owners suffered losses amounting to 4,000 billion rials ($18 million) due to Covid-19 in the last Iranian year (March 2020-21), the head of Tehran Restaurant Owners Union said.
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May 05,2021The average goods and services Consumer Price Index of “transportation” in the 12-month period ending April 20, which marks the end of the first Iranian month of fiscal 2021-22, increased by 65.9%...
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May 05,2021Iran’s trade with Sweden had decreased significantly over the past few years to reach €41 million in the fiscal 2020, according to the head of Iran-Sweden Chamber of Commerce.
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May 04,2021Tehran Guilds’ Chamber will not comply with lockdown rules while banks, tax offices and municipalities remain open, Fars News Agency quoted Qasem Noudeh-Farahani, the head of the chamber as saying...
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May 04,2021Thirty commodities accounted for one-third of the value of Iran’s total imports in the last fiscal year that ended in March. The Persian-language daily Donya-e-Eqtesad, citing data from the...
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May 04,2021Twelve shipments of Covid-19 vaccines containing over 3.19 million doses were imported from Russia, China, India and South Korea from Feb. 3 to May 2, Fars News Agency quoted Mehrdad Jamal Orounaqi...
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May 04,2021The average goods and services Consumer Price Index in the 2020-21 fiscal year, increased by 36.4% compared to the corresponding period the year before, the Statistical Center of Iran reported. It...
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May 04,2021Domestic red meat consumption has plunged since the outbreak of the coronavirus pandemic wreaking havoc on livestock breeders and nomadic livelihood. An estimated 48,900 tons of red meat was...
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May 04,2021Iran’s vegetable oil market is chaos as the industry relies mostly on imports for the raw material to produce the key consumer item. The government has promised to meet demand for the staple food...
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May 04,2021Producer Price Index for the industrial sector in the 12-month period ending March 20, which marked the end of last Iranian year, grew by 56.8% compared to the same period the year before. The...
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May 03,2021Saffron exports stood at 325 tons in the fiscal 2020-21, registering a 30% growth compared with the corresponding period of the year before, the deputy head of Iran National Saffron Council said.
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May 03,2021All Iranian airlines are obliged to expand their fleet, once the Joint Comprehensive Plan of Action is reinstated, says the minister of roads and urban development. "Sanctions had caused [plane]...
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May 03,2021Iran’s Retail Purchasing Managers’ Index stood at 58.33 in the month ending March 20 to signal a 2.82% improvement compared with the previous month’s reading of 56.73. The announcement was made by...
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May 03,2021Apparently driven by some positive political developments, forex rates declined again on Sunday. The US dollar took a drubbing and lost more than 4.5% or 10,100 rials to temporarily fall below 220,...
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May 02,2021To some Iranian economists and policymakers, housing construction is a major economic activity with large multiplier positive effects on economic growth. Ali Sarzaeem, an economic expert, argues...
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May 02,2021The government has set its guaranteed purchase price for tea at 66,900 rials ($0.3) for top-quality tea leaves and 47,810 rials ($0.2) for other varieties in this year’s harvest, both showing a 45...
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