Domestic Economy

A rise in the retail prices of bread has been okayed but the rate of increase has not been announced yet, Bijan Norouz Moqaddam, the head of Tehran Bakers Union, says. 

The completion of sections 2 and 3 of Tehran-North Freeway will be passed over to the next government, according to a deputy roads and urban development minister.

Preliminary agreements have been reached by Iran to invest $5.3 billion in Afghanistan’s road and rail transportation infrastructure as well as in the neighboring country’s housing sector, an…

The overall Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s economy settled at 39.65 in the month ending April 20 from 54.73 in the month ending March 20, indicating a…

As per the Budget Law for the fiscal 2021-22, all banks and credit institutions must pay construction loans for a total of 1.2 million residential units in the current Iranian year that started…

Iran exported 443,890 tons of dairy products worth $390 million in the last fiscal year (March 2020-21).  According to the latest figures published by the Agriculture Ministry, the volume…

Unemployment rate for university graduates stood at 14.2% in the last Iranian year (March 2020-21), posting a 2.5% decrease YOY.  Higher education unemployment rate for men stood at 10.4%…

Iran’s commercial transactions with the US stood at $9.7 million during the first three months of 2021 to register a 37.42% decline compared with the corresponding period of 2020. Latest data…

The Plan and Budget Organization says the government registered a surplus in its fiscal 2020-21 budget. The government’s revenues and expenses in the fiscal 2020-21 hovered around 5,631,444…

Iranian steelmakers produced a total of 52.33 million tons of semi-finished and finished steel products in the last fiscal year (ended March 20, 2021). According to Iranian Steel Producers…

The Education and Human Resources Institute, affiliated with Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold six specialized courses on labor laws, social…

The Producer Price Index of the electricity sector during the four-quarter period ending March 20, which marks the end of fiscal 2020-21, increased by 46.6% compared with the same period of the…

A total of 324 tons of saffron worth $190 million were exported from Iran to 60 countries in the last fiscal year (March 2020-21), with five countries accounting for 79% of weight and 78% of the…

The Statistical Research and Training Center, affiliated to the Statistical Center of Iran, has forecast the inflation rate for the upcoming months based on trends and patterns of the past years…

President Hassan Rouhani inaugurated via videoconference several projects in Aras, Arvand, Chabahar and Qeshm free trade zones as well as in special economic zones of Payam and Salafchegan worth…

The average Producer Price Index for the mining sector in the four-quarter period ending March 20 increased by 79.8% compared with the same period of the year before. 

A total of 2,000 billion rials ($9 million) have been invested for improving postal facilities by purchasing trucks, vans and mail-sorting machines over the past five months, says the head of…

Flights between Tabriz, the capital city of East Azarbaijan Province, and Turkey’s Aegean coastal city of Izmir will be established on June 4, according to the director general of East…

A total of 2.5 million tons of refined sugar were produced in Iran in the last Iranian year (March 2020-21), which sufficiently met the domestic demand, according to the director general of the…

A total of $13 million worth of poultry, livestock and veterinarian products were exported from the central Semnan Province in the last Iranian year (March 2020-21), showing a 44% rise compared…

With the outbreak of Covid-19 pandemic around the world since 2019, airports and aviation industries experienced one of the biggest impacts in history and Tehran’s Mehrabad International Airport…

The services sector experienced the highest average annual inflation in the last fiscal year (March 2020-21). The average Producer Price Index for the services sector in the year to March 20,…

Iran Chamber of Commerce, Industries, Mines and Agriculture has reviewed Iran’s trade with the Eurasian Economic Union from the fiscal 2016-17 to fiscal 2020-21. The study shows the highest…

The average goods and services Consumer Price Index of “housing and utilities (water, electricity, natural gas and other fuels)” in the 12-month period ending April 20, which marks the end of…

The Expediency Council, a powerful body that resolves disputes between the parliament and Guardians Council, approved the establishment of seven free trade zones and 13 special economic zones…