Iran’s average urbanization rate has reached 73 percent, said Mohammad Pejman, the deputy minister of roads and urban development to IRNA on Wednesday.
Domestic Economy
No budget deficit will be in sight for fiscal year 2014/2015, though oil prices have drastically fallen in recent weeks, a top economic official said on Wednesday.
Government Spokesman…
Fruit exports have the potential to generate revenues 3 to 8 times higher than a barrel of oil, according to Reza Noorai, chairman of Iran’s Export Confederation.
In a recent visit to the Damghan-Galugah highway which runs from Iran’s Mazandaran province to the northeastern Semnan province, the CEO of Construction and Development of Transportation…
Germany, Switzerland, Italy and Netherlands have been among the 10 main exporters of goods and services to Iran in the first half of the current Iranian year (March 21-September 22).
A trade expert in Tehran criticized the recent attempts by the government to raise exports to Russia, calling them “politically driven.”
“The issue of exports to Russia has created real…
Olive production since the beginning of the current Iranian year (March 21, 2014) has dropped 30 percent, Ahmad Bolandnazar, the head of the National Oil Council told MNA on Wednesday. Almost 70,…
A working group led by the minister of communications and information technology, Mahmoud Vaezi, is paying a visit to Azerbaijan on Thursday, AzerTag reported.
The number of foreign trade delegations traveling to Iran for exploring investment opportunities has increased eightfold this year compared to the previous year, Abolfazl Koudei, director of…
The High Assembly of Workers’ Representatives has called on the relevant labor officials to improve transparency in the terms of temporary contracts and the calculation of unemployment termination…
An official in the ministry of industry, mine and trade said that World Bank’s (WB) figure of -16.4 percent growth for Iran’s industrial production was only an estimate and not an official figure…
The transit fee spat facing trucks carrying goods between Iran and Turkey has hampered export between the two countries at Bazargan border, the Chairman of Iran-Turkey Joint Trade Commission Reza…
Iran is resolved to broaden its economic relations with the world, minister of economic affairs and finance, Ali Tayebnia, said on Friday.
Increasing the construction of housing units seems to be the only way to eliminate middlemen and their minions from the housing market, Hamed Ghadermarzi, a member of the civil construction…
The north-eastern province of Khorasan Razavi exported about 1.3 million tons of goods worth more than $1 billion in the first seven months of the current year (March21- October 22, 2014), Ali…
Around 10.2 million tons of wheat was harvested from a total 3.08 million hectares of land since the beginning of the current Iranian year (started March 21, 2014). The number indicates a 10…
Foreign investors can now own up to 51% of Iran’s car companies, minister of industry, mine and trade, Mohammadreza Nematzadeh, suggested on Friday.
The change in the producer price index (PPI) dropped to 19 percent year on year in the month of Mehr (September 23-October 22), the smallest amount since the fiscal year started on March 21,…
Attempts have to be made to amend the distribution of tobacco products, head of planning and supervision center of Iran’s tobacco products told IRNA on Saturday.“The distribution of tobacco…
The Rouhani administration seriously pursues shifting the country’s economic system from the current resource-based economy to a technology-based one and afterwards to an innovation-based…
After 21 months, a new rolling mill production unit, which was an Iranian –Kuwaiti joint venture, came on stream, officials familiar with the project said.
Household expenditures in urban areas increased by 31.4 percent last year (ending March 2014) compared to a year earlier, a new report by the Central Bank of Iran revealed.
Recent reports from the central bank show that the number of Iranian households with no employed member has increased from 15.5% to 24% over the past decade.
According to the bank’s data,…
Iran and Azerbaijan can increase their annual bilateral trade to $10 billion, minister of information and communication technology, Mahmoud Vaezi has said.
Iran imported one million cubic meters of wood, 95 percent of which was provided by Russia, Abdolazim Aghajani, the secretary of the Association of Iran Wood Industries Employers told ISNA…
