The administration is planning to reduce the market exchange rates, since it does not regard the current one as valid, Mohammad Baqer Nobakht, vice president for planning and strategic supervision…
Domestic Economy
The Minister of Roads and Urban Development, Abbas Akhoundi, said on Wednesday that Iran’s road system requires a complete overhaul in order to keep up with population growth and increasing the…
The job market has not much benefited from the loans granted by commercial banks, Minister of Cooperatives, Labor and Social Welfare Ali Rabiee said.
Minister of Roads and Urban Development, Abbas Akhoundi, has urged the private sector to play a more active role in the development of ports, saying that despite some financial restrictions the…
About 43 percent of the economy is not being taxed, said Ali Tayebnia, minister of economic affairs and finance.
The government has more than 75,000 unfinished infrastructure projects in hand, completion of which would require around 4,170 trillion rial ($154 billion at official exchange rate) in investment…
Since the discovery of the first oil well in Masjid Suleiman in 1908, Iran has produced over 100 billion barrels of crude oil. In the meantime, although efforts to develop and industrialize the…
The ministry of agriculture has banned setting up of new poultry units across the country. Hassan Rokni, a deputy minister, argues that the government prefers to help improve the quality of the…
The small industrial units shut down over the past few years due to economic hardships will resume activity, Mohammad Ail Seyed Abrishami, the CEO of the Iranian Small Industries and Industrial…
The government is planning to handle oil price fluctuations by managing the allocation of financial resources, Government Spokesman Mohammad Bagher Nobakht said in a news conference after Tuesday’…
The high interest rate currently offered by the commercial banks will in the long-term have a negative impact on the economic activities in the country, Hassan Taei, the deputy minister of…
The government is able to run the economy despite the sharp drop in oil prices and the West’s economic sanctions.
“Despite the oil price fall in the international markets, 220,000…
A conference entitled “Entrepreneurship in Iran and Commercialization of Products in Iraq” was held in Tehran on Monday, ISNA reported on Tuesday.
The conference was organized by Iran-Iraq…
The need for developing new trade ties in the fields of banking and investment was underlined in a joint meeting between the head of Iran’s Trade Promotion Organization (TPO) and the director of…
Minister of Agriculture Mahmoud Hojati says his ministry is ready to help Iranian companies to easily export their products to Russia. He made the comment in a meeting with the Iranian ambassador…
No decision has yet been made to increase utility prices for the upcoming year (to begin March 21, 2015), IRNA reported Tuesday citing Energy Minister Hamid Chitchian.
Based on the Subsidy…
Some economists in Tehran believe that the government should rely more on taxes rather than oil sales as a source of revenue, amid falling oil prices in international markets.
President…
The ministry of industry, mine, and trade is planning to improve business environment in the southeastern province of Sistan and Baluchestan, which is considered one of the country’s…
A top advisor to the Assembly of Workers’ Representatives said on Tuesday that workers are expecting to get a fair pay rise in the upcoming year, which is to start on March 21, 2015. Faramarz…
President Hassan Rouhani’s Chief of Staff Mohammad Nahavandian said on Monday that the government’s role in the economy must be minimized in favor of the private sector. It is incumbent upon the…
US exports to Iran totaled $147.5 million between January and October 2014, down from $245 million in the same period in 2013. According to a report released by the US Census Bureau, the value…
Establishing a special organization to assist and oversee the domestic sale and export of hand-woven carpets has been suggested by the head of Isfahan's Handmade Carpet Manufacturers Association…
Minister of Roads and Urban Development Abbas Akhoundi said on Monday that the government’s groundless meddling in the housing sector, will impair the industry.
The ministry of cooperatives, labor and social welfare has prepared a new plan to help improve the employment market, Hasan Taie, the deputy minister, said on Monday.
“The plan is aimed at…
Energy Minister Hamid Chitchian said on Monday that Iran is keen to increase bilateral relations with neighboring countries including Armenia.
Trade between Iran and Armenia has…
