Rice consumption in Iran currently stands around 3 million tons per year, 70% of which are supplied through domestic production, according to a deputy agriculture minister.
Domestic Economy
Iran and the European Union’s 27 member states traded €2.08 billion worth of goods in the first five months of 2022 (January-May), registering a 12.44% growth compared with last year's…
Transit of goods by Khazar Sea Shipping Lines increased by 162% in the fiscal 2021-22, thanks to the unwavering support lent by the Islamic Republic of Iran Shipping Lines. According to…
The share of higher education unemployment from the total unemployed population was 39.7% in the first quarter of the current Iranian year (March 20-June 21) to register a year-on-year decline…
Tax revenues accounted for 48% of all government revenues in the first quarter of the current fiscal year (started March 21), Fars News Agency reported, citing the Iranian National Tax…
A total of 16.53 million tons of goods worth $20.95 million were exported from Hamedan Province in the first quarter of the current Iranian year (March 21-June 21), registering a 68% decline in…
Investments worth 40 trillion rials ($125 million) were made in agricultural mechanization in the last Iranian year (March 2021-22), according to Kambiz Abbasi, an Agriculture Ministry official…
The Islamic Revolution Mostazafan Foundation earned 43% more in the first quarter of the current fiscal year (March 21-June 21) compared with the corresponding period of last year, its deputy…
More than $300 million worth of different types of glass are exported from Iran annually, according to secretary of Iran Glass Industry Association.
The unemployment rate for Iranian youth between 15 and 24 years was 24% in the first quarter of the current Iranian year (March 21-June 21), registering a 1.9% year-on-year increase. The…
Four major challenges in Iran and many other countries have the potential of turning into a Gordian knot in the coming months if left unsolved, so much so that even the World Bank has warned…
More than 150,000 tons of sugar have so far been imported into Iran since the beginning of the current Iranian year on March 21, secretary of Sugar Refinery Factories Association said earlier in…
Iran and Turkey traded $2.35 billion worth of goods during January-May 2022 to register a 42.88% year-on-year rise, latest data by the Turkish Statistical Institute show. Iran’s exports stood…
The Purchasing Managers' Index for the industrial sector of Iran has dropped in the third month of the current fiscal year (May 22-June 21) after a spike in the second month, which in turn…
The rise in government borrowing through the sale of bonds does not have a worrying effect on inflation and the nominal interest rate in a stable economy with an inflation rate of 2% and zero…
The taxation system is shifting its focus on high-income enterprises, says the head of Iranian National Tax Administration. “We have received four million tax declarations from enterprises this…
The ban on import of mining vehicles and machinery without domestic production has been lifted, a deputy minister of industries, mining and trade has announced. “More than 15,000 mining…
Iran’s development has not been proportionate to the development of higher education, resulting in youth disappointment and a decline in university students, Hossein Haqgou, an economic analyst…
The services sector employed 51.2% of the Iranian employed population (12.08 million) in the first quarter of the current Iranian year (March 21-June 21), 2.4% higher than the corresponding…
Polymer exports earned $3.3 billion in the last fiscal year (ended March 20, 2022), accounting for 7% of Iran’s non-oil export revenues, Barmak Qanbarpour, a member of the board of directors of…
A train carrying Russian goods to India crossed into Iran from Sarakhs Border with Turkmenistan late Monday. This is the first consignment dispatched from Russia to India via Iran on the…
Iran’s trade with Uzbekistan stood at 776,137 tons worth $517 million in the fiscal 2021-22 (ended March 20), registering a 103% growth compared with the previous year, according to Rouhollah…
Latest data released by Iran Chamber of Cooperatives on Purchasing Managers’ Index for the construction sector shows the index declined in the third month of the current fiscal year following a…
From the fiscal 2011-12 to 2021-22, the general trend of real exports and imports of goods and services from/to Iran has been downward with the latter registering a more pronounced decline.
Pension funds can be divided into two groups: The first group guarantees the purchasing power of members during their retirement while the second group only provides pension to their members.…
