Domestic Economy

  • The GDP growth, excluding oil production, stood at 4.7% during the three quarters.
    Iran's economy grew by 4.4% in the first three quarters of the current fiscal year (March 21-Dec. 21, 2017) compared with last year's corresponding period, according to the Statistical Center of...
  • 35% Rise in Paper Production
    The production of all types of paper saw a 35% rise in the 10-month period since the beginning of the current Iranian year (March 21, 2017-Jan. 20) compared with last year’s corresponding period to...
  • Upsurge in Trade With Latvia
    Iran exported €357,420 worth of commodities to Latvia in 2017, indicating a 160.34% upsurge compared with the previous year. Iran’s imports from the European country amounted to more than €3.27...
  • Labor Council Sets Living Wage
    The Supreme Labor Council set the living wage for a 3.3-member Iranian household in the current year (March 2017-18) at 26.7 million rials ($568) on Tuesday, close to 1.81 million rials ($38.5)...
  • Iran Invited to Invest in Pakistan’s Sindh Province
    Pakistan’s southeastern Sindh Province boasts vast investment opportunities, particularly in...  
  • 35% Rise in Paper Production
    The production of all types of paper saw a 35% rise in the 10-month period since the beginning of the current Iranian year (March 21, 2017-Jan. 20) compared with last year’s corresponding period to...
  • Khuzestan Exports Up 14%
    More than 17 million tons of non-oil products worth $6.59 million were exported from Khuzestan Province during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), showing a 10...
  • Chocolate, Pastry Exports Grow 21%
    Around 513,000 tons of chocolate and pastry worth $615 million were exported from Iran during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), registering a 121% and 21%...
  • Tehran, Baku Negotiating PTA
    Iran’s Minister of Economic Affairs and Finance Masoud Karbasian said talks are underway with Azerbaijan to conclude a preferential trade agreement. Speaking on the sidelines of the 12th meeting of...
  • Bushehr Top Export Hub  of Iran
    With exports of more than 34.12 million tons of products worth close to $13.4 billion during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), Bushehr Province was Iran’s...
  • The global pistachio market is worth more than $5.5 billion p.a.
    Iran and the US account for 85% of world production of pistachios (dry in-shell basis), Iran Pistachio Association announced.  As the biggest pistachio producers in the world, the two countries...
  • Pakistan Invited to Join Chabahar Project
    Iranian Foreign Minister Mohammad Javad Zarif on Monday invited Pakistan to participate in Chabahar's seaport project and development of its link with Gwadar Port, as he sought to allay concerns in...
  • The money the government owes to the Central Bank of Iran comprises 15% of its total debts.
    The Social Security Organization, Islamic Treasury Bill holders, the Central Bank of Iran, and public and private banks top the list of government creditors.  The Ministry of Economic Affairs and...
  • Iran has been self sufficient in wheat production for two years now and only imports wheat for export purposes after processing it into flour.
    Around 236,000 tons of wheat worth $84 million were exported from Iran during the first 10 months of the current Iranian year (March 21, 2017- Jan. 20), registering a whopping 1,317% and 724%...
  • The 14th session of Iran-Russia Economic Cooperation Commission was held in Moscow from March 4-6.
    Iran exported more than $230 million worth of  non-oil goods to Russia during the first 11 months of the current Iranian year (March 21, 2017-Feb. 19), which registers a 27.74% increase compared...
  • 39% of SSO Pensioners Retire Early
    Thirty-nine percent of the members of Social Security Organization’s pension scheme retire before their full retirement age. According to a report by SSO, the full benefit age in Iran averages out...
  • Economic Delegation to Accompany Rouhani in Baku
    President Hassan Rouhani will visit Azerbaijan’s capital Baku on March 29 and he will be accompanied by a business delegation. A joint business forum between the traders of Iran and Azerbaijan has...
  • How China Became Iran’s Coziest Trade Partner?
    From bilateral trade to finance contracts and civil projects, China arguably has the strongest presence in Iran among all other countries. The Islamic Republic of Iran Customs Administration's...
  • CBI’s 10-Month Report Shows: Budget Deficit at $7 Billion
    The Iranian government’s overall revenues during the first 10 months of the current fiscal year (March 21, 2017-Jan. 20) amounted to 421.9 trillion rials ($8.97 billion), posting a rise of 28.2%...
  • Section-1 is 32 kilometers long, which is nearly 60 kilometers shorter than the current route. 
    The construction of Section-1 of the Tehran-North Freeway has made about 96% progress and the project is expected to come on stream in summer, the governor general of Tehran Province said. “...
  • Gabbro Consignment Exported to Qatar for  1st Time
    Some 7,500 tons of gabbro have been exported from Bandar Lengeh Port in the southern Hormozgan Province to Qatar for the first time, the Ministry of Roads and Urban Development’s news service...
  • Close to 8.5 million hectares of land under cultivation in Iran are irrigated and 10 million hectares are rain-fed.
    From Iran’s total area of 165 million hectares, 50 million hectares are arable, provided there is enough water.  However, in view of the severe water crisis facing the country, only 18.5 million...
  • Exports From  W. Azarbaijan Grow 7.7%
    Some $420 million worth of commodities were exported from West Azarbaijan Province in northwest Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), showing a 7.7%...
  • Iran-Slovakia Trade Down 16%
    Trade between Iran and Slovakia stood at €24.97 million in 2017, registering close to a 16% decline compared with 2016.  Iran’s trade with Slovakia experienced the fifth biggest year-on-year...
  • Umbrella Imports Top $1.5 Million
    More than 908 tons of umbrellas worth 50.62 billion rials ($1.54 million) were imported into Iran during the first 10 months of the current Iranian year (March 21, 2017-Jan. 20), the Islamic...

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