Domestic Economy

With less than three months to go until the incumbent government remains in power, the prices of essential goods are set to rise once again.

The construction of a 32-kilometer-long Shalamcheh-Basra railroad, which will connect Iran and Iraq, is to start within a month using Iranian private sector investments, according to the deputy…

The number of passengers traveling to/from Iran registered an 80% decline in the fiscal 2020-21 compared to that of the previous year, according to statistics released by the Islamic Republic of…

Economy Minister Farhad Dejpasand said the budget of last fiscal year (March 2020-21) was balanced, without borrowing a rial from the Central Bank of Iran. 

Underemployment, the condition in which people in a labor force are employed for less than 44 hours of service per week, stood at 9.5% in the last Iranian year (March 2020-21), down 0.4% year-on…

The number of female head of households in Iran increased by 26.8% from 356,117 in the Iranian year ending March 2012 to 439,985 in the year ending March 2020. 

Iran and the Eurasian Economic Union member states traded 8.68 million tons of commodities worth $3.4 billion in the last Iranian year (March 2020-21), according to the head of the Islamic…

Minister of Roads and Urban Development Mohammad Eslami says the international plane-manufacturing companies Airbus and Boeing intend to return to contracts they concluded with Iran several…

A total of 401,000 tons of commodities were loaded and unloaded in Bushehr Province’s ports during the first month of the current Iranian year (March 21-April 20), showing a twofold rise…

Construction of the 500-kilometer-long Ahvaz-Isfahan electric railroad is scheduled to begin in the near future.  “The project is estimated to cost €2.5 billion to €3 billion,” said…

South Khorasan and Khorasan Razavi provinces filed the lowest unemployment rate of 6.2% among all Iranian provinces in the last Iranian year (March 2020-21), according to the Statistical Center…

The Ministry of Industries, Mining and Trade has started the process of holding the public auction of mines in the capital city. According to the ministry, Iran has 5,866 mines, of which 45 are…

The government has extended a total of 770 trillion rials ($3.37 billion) in financial assistance to households, businesses, the unemployed and the heath sector in the last fiscal year (March…

A total of 472,700 tons of poultry meat were produced at Iran’s official slaughterhouses in the fourth quarter of last Iranian year (Dec. 21, 2020-March 20).

A total of 4.85 million tons of vegetables were exported from Iran in the last fiscal year (March 2020-21), registering a 22% rise compared with the year before, according to the director…

A total of 9,587 work accidents were registered in the fiscal 2020-21, registering a 4.85% decline compared to the year before. The highest number of accidents took place on construction sites…

Semnan Province exported goods to 49 countries and registered significant growth in the fiscal 2020-21. More than 260,000 tons of goods worth $332 million were exported from this province in…

The Purchasing Managers’ Index for industries during the first month of the current fiscal year (March 21-April 20) settled at 37.28 from 57.29 in the preceding month (Feb. 19-March 20),…

A shipment of more than 1.4 million doses of AstraZeneca vaccine arrived in Iran on Sunday and was delivered to the Health Ministry, according to the deputy head of the Islamic Republic of Iran…

A rail track-laying crane and its dual-purpose carrier, which can be used on both railroads and roads, have been manufactured for the first time in Iran by Paya Saman Pars Company, a subsidiary…

Markets are fluctuating over the likelihood of an agreement on the revival of the Joint Comprehensive Plan of Action and the lifting of sanctions, as well as Iran’s upcoming presidential…

Home construction permits were issued for 53,000 residential units during the last fiscal year (March 2020-21) in Tehran, the lowest on record since the year ending March 2005.  Since that…

The Majlis on Sunday voted to discuss a comprehensive banking bill on a priority basis that seeks to augment the independence of Central Bank of Iran. As part of broader banking legislation,…

The Iran Fintech Association, an independent body of fintech startups, has responded to attempts by parliament and financial authorities to impose restrictions on cryptocurrency exchanges. In a…

Iran exported 8.83 million tons of agricultural and food products worth $6.21 billion in the last fiscal year (ended March 2021). The figures indicate a 23.57% and 5.99% rise in tonnage and…