The First International Marine Exhibition of the Islamic Republic of Iran (Iran Sea Expo) will be held at Tehran’s Mosalla, June 6-9, deputy head of port affairs and special zones of Ports and…
Domestic Economy
Due to low tariffs on starch and glucose imports, these products have recently been imported from China, consequently damaging their domestic production, ISNA quoted head of Starch and Glucose…
Some 28.7 billion cigarettes were produced in the country over the past Iranian year (ended March 20), said deputy minister of industry, mine and trade, Mojtaba Khosrotaj. As Eghtesad-News…
Goldman Sachs was not only the author of the term BRICS, but it has also introduced the Next Eleven. The N-11 is a set of countries with strong potential of becoming the largest, fastest growing…
The ministry of cooperatives, labor and social welfare plans to use the savings from cutting cash subsidies of six million high-income Iranians by the end of the current Iranian year (March 19,…
The Central Bank of Iran (CBI) reported a 12.9% increase in the producer price index (PPI) in the 12-month period ending May 21, which marks the end of the second Iranian month Ordibehesht,…
First Vice President Eshaq Jahangiri says the government has not pinned its hopes on the removal of economic sanctions imposed by the West over the country's nuclear energy program, Tasnim News…
Nearly 5,000 tons of honey were exported to the Persian Gulf countries as well as Turkey during the past Iranian year (ended March 20), said the CEO of Iran’s Beekeepers Union Effat Raisi on…
Russian companies should beef up their efforts to gain a bigger share in the Iranian market or otherwise they will be overtaken by their Asian and western rivals, Iranian Ambassador in Moscow,…
Since the beginning of the current Iranian year (March 21), 8,000 tons of red meat have been imported from Brazil for human consumption, CEO of Livestock Protection Company Mostafa Yasayi…
Aras Free Trade and Industrial Zone’s gross regional domestic product (GRDP) reached $835 million in the past Iranian year (ended March 20), which indicates an increase of 21 percent compared to a…
Developing the rail transport system is at the core of the government’s agenda for the sixth five-year economic development plan (2016-21), said Mohsen Pour-Seyyed Aghaei, deputy minister of roads…
The government’s spokesperson, Mohammad Baqer Nobakht, on Sunday noted that arriving at a final nuclear deal with the world powers would give Iran access to about $100 billion frozen in foreign…
Contraband rice accounts for 30-35 percent of Iran’s total annual consumption of the crop, according to the secretary of Iran Rice Importers Association, as reported by Eghtesad-News. Masih…
The dried fruit market is facing a shortage of walnuts, causing not only a reduction in exports, but a hike in smuggling, Eghtesad-News quoted head of Dried Fruit Exporters Association, Mohammad-…
Minister of Industry, Mine and Trade Mohammad-Reza Nematzadeh has welcomed investments by Iranian expatriates in domestic industries, saying: “The manufacturing sectors can forge partnership with…
More than $17 billion worth of various goods, including home appliances, cosmetics, mobile phones and cigarettes, are smuggled into the country every year, head of the Central Taskforce to Combat…
Trade between Iran and Turkey stood slightly above $3.5 billion during the four months since a preferential trade agreement (PTA) came into effect in January 2015, which indicates a 17% decline…
A delegation from Slovakia left Iran on Saturday after a weeklong visit aimed at scoping out possible opportunities to develop bilateral trade ties in different areas, including glass design and…
Iran’s Aviation Organization, which is the main body charged with the oversight and inspection of the country’s airline industry, has attracted fierce opposition to its proposal that mergers and…
An estimated 3,700 inactive manufacturing units will be revived by the end of the current Iranian year (started March 21), deputy minister of mine, industry and trade, Mojtaba Khosrwotaj, said on…
The Iranian Tobacco Company (ITC) plans to increase production by 66% to 15 billion cigarettes in the current Iranian year (started March 21), ISNA reported. The ITC produced more than 1.7 billion…
One-fifth of Iran’s small-sized enterprises is working at less than 50% capacity, director of Iran Small Industries and Industrial Parks Organization, Mehr News Agency quoted Mohammad Ali…
The National Iranian Productivity Organization released figures showing that labor productivity shrank by as much as 2.5 percent between the Iranian years 1390 and 1392 (March 2011 to March 2013…
Iran and France have signed six cooperation agreements for expansion of trade and exchange of technical knowledge in areas of animal husbandry, fish farming and organic gardening.