The process of modernizing the Meghri border checkpoint on the Armenian-Iranian border will continue until 2026, the State Revenue Committee of Armenia has said, according to Sputnik Armenia.
Domestic Economy
“Education”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 34.5% in the second month of the current Iranian year (April…
Pistachio production and exports were halved in the last Iranian year (March 2022-23) due to a wide range of reasons, including drought and extreme weather, according to Arsalan Qasemi, the head of…
The Indian government is sending another consignment of 20,000 tons of wheat to Afghanistan amid a humanitarian crisis in the county. This entails using Iran’s Chabahar Port to relieve the severe…
A total of 400,000 tons of goods worth $250 million were exported from Khorasan Razavi Province’s customs terminals during the first two months of the current Iranian year (March 21-May 21),…
The capital market started its growing trend by the end of 1401 [March 2022-23] wherein the benchmark index reached 2 million units last experienced in 1399 [March 2020-21]; the subsequent fall of…
Mehrad Ebad, a member of Tehran Chamber of Commerce, Industries, Mines and Agriculture, has underlined the need for revising trade policies to stabilize the economy, and considers constant changes in…
The Iranian National Tax Administration earned 886 trillion rials ($1.8 billion at the current exchange rate) in the first two months of the current fiscal year (started March 21), which indicate a…
New data on Purchasing Managers' Index for local industries shows the benchmark stands at a new high in the current Iranian year’s second month (April 21-May 21).
“Food and beverages”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 75.7% in the second month of the current…
Iran imported $17.5 million worth of goods from the US during the first four months of 2023, up 30.59% compared with $13.4 million in the same period of 2022, the latest data released by the US…
One of the old, chronic challenges of the central bank is the special structure of the foreign exchange market in Iran.
On May 17, Iran and Russia officially signed an agreement for the construction of the Rasht-Astara railroad (Kremlin.ru, May 17).
“Transportation”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 41.7% in the second month of the current Iranian…
Iran traded 13.14 million tons of goods worth $7.46 billion, excluding crude oil exports, with its 15 neighboring countries sharing land or sea borders during the first two months of the current…
The Statistical Center of Iran has put labor force participation rate, the proportion of the population of ages 15 and above that is economically active – either employed or looking for a job —…
The key point regarding budget deficit is the discussion on the difference between resources and expenditures. In economics, resources are taxes. Now, if we consider oil as one of the…
According to a new report released by the research arm of the Iranian Parliament, average home prices in Tehran increased by more than 950% during the past five years. Moreover, 45% of urban…
Iran-Russia relations have entered a new era of mutual cooperation. Thanks to the war in Ukraine, Moscow and Tehran’s interests — whether military, economic or geopolitical — have aligned to an…
“Health and Medical Treatment”, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 47.4% in the second month of the…
The discussion of government intervention in the economy and the limits of this intervention is a point of dispute among different economic schools and it falls into the category of political…
Every once in a while, talks about a motion or a bill to increase the Central Bank of Iran’s authority circulate in the media. This means that the ruling establishment is aware of the need for a…
The unemployment rate for Iranians between 18 and 35 years stood at 16.3% in the fiscal 2022-23, registering a 0.2% decline compared with the year before, the Statistical Center of Iran reported…
The Purchasing Managers' Index for Iran’s economy emerged from the Norouz (Iranian New Year) contraction in the second month of the fiscal year (April 21-May 21), new data released by the…
The entry into force of a free trade agreement between the Eurasian Economic Union and Iran will become a strong impulse for the development of strategic relations, Armenian Prime Minister Nikol…
