Domestic Economy

More than 600 million daffodils are harvested from 1,200 hectares in Iran annually, creating as many as 15,000-20,000 jobs.  At present, rain-fed farms account for 35% of daffodils grown…

A forum to survey trade opportunities with China is scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Jan. 27. Hamid Zadboum, the head of Trade…

Minister of Industries, Mining and Trade Reza Rahmani has sent a letter to the head of Islamic Republic of Iran Customs Administration, Mehdi Mir-Ashrafi, to implement revised-down tariffs on…

South Khorasan Province registered the lowest unemployment rate of 5.4% among all Iranian provinces in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) while Kermanshah…

Iran has launched the production of vegetable seeds, according to the Agriculture Ministry’s caretaker, Abbas Keshavarz. “The Agriculture Ministry is carrying out this project in collaboration…

Iran and Romania traded a total of $97 million worth of commodities during the first three quarters of 2019 to register an 80% decline compared with the $485 million recorded in the…

The Statistical Center of Iran has reviewed producer price changes for the services sector in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) in its latest report. …

Transparency is the key to accountability and the duo form the basis of the rule of law.  “Free access to information is a necessity for having prudent citizens," says Vice President for…

The average goods and services Consumer Price Index in the 12-month period ending Jan. 20, which marks the final day of the 10th Iranian month Dey increased by 38.6% compared with last year’s…

Floods have inflicted losses worth nearly 90 trillion rials [$690 million] on Iran’s economy in the fiscal 2019-20.  The Crisis Management Organization put flood damage suffered by three…

The 10th edition of Iranian Steel & Iron Ore Market Conference & Expo, also known as “ISMC 2020”, opened in Tehran on Tuesday, in the presence of top officials and experts related to the…

Section-1 of Tehran-North Freeway has made 99% progress and will come on stream by the end of the current Iranian month on Feb. 19, says the head of Plan and Budget Organization. “Today, the…

About $1.8 billion worth of apparel were smuggled into Iran during the last fiscal year (March 2018-19) to register an 18.2% decline compared to the previous year's $2.2 billion, the industries…

Iran’s economy is facing 13 monumental challenges that have built up over the past decades, after it emerged from the shadows of oil revenues when the US reimposed sanctions on the country,…

The 12th Tehran Auction of Iranian artworks on Friday earned 317.17 billion rials ($2.42 million).  The auction at Tehran’s Parsian Azadi Hotel saw 118 classic and modern artworks going on…

Iran exported $600 million worth of techno-engineering services during the first nine months of the current Iranian year (March 21-Nov. 21), according to the head of the Trade Promotion…

China invested $26.92 billion in Iran from 2005 to 2019. The American Enterprise Institute added that of the total investment volume, 1.53 billion were made in chemical industries, $11.1…

A total of 39,800 boxes of silkworm eggs were distributed among silk farmers, from which 1,385 tons of raw silk cocoons were produced in the current Iranian year (started March 21, 2019).…

Iranian rolling stock manufacturer Wagon Pars will be making 20 passenger wagons for RAJA Railway Transportation Company as per the contract signed by the two companies on Wednesday. The…

What if American sanctions remain in place for the next year? Will their effects be any worse than what was experienced in the past two years? How is it possible to enhance economic stability…

A total of 130,000 tons of commodities worth $200 million have been exported from Bonab County, located in East Azarbaijan Province, since the beginning of the current Iranian year (March 21,…

Trade between Iran and EU member states during the first 11 months of 2019 stood at €4.73 billion to register a 73.45% plunge compared with last year’s corresponding period, latest data released…

Iran produced 41.5 million tons of cement during the first eight months of the current fiscal year (March 21-Nov. 21) to register an increase of more than 10% compared with last year’s…

A total of 99 small-scale mines have been revived in Iran since the beginning of the current Iranian year (March 21, 2019), the head of Iranian Mines & Mining Industries Development &…

A total of 3,960 production units became operational during the eight months of the current Iranian year (March 21-Nov. 21) to register a 3.9% rise compared with last year’s corresponding period…