Domestic Economy

Iran’s gross domestic product saw a contraction of 3.5% during the first quarter of the current fiscal year (March 20-June 20) compared to the corresponding period of last year, the Statistical…

Around 1,200 trucks carrying Iranian goods to Afghanistan as well as transit goods have been held up at Dogharoun checkpoint in Khorasan Razavi Province’s border city of Taybad located on the…

A total of 545 small- and medium-sized enterprises were revived during the first five months of the current Iranian year (March 20-Aug. 21).

Barakat Pharmaceutical Industrial Town in Iran’s Alborz Province has become the new home to Novo Nordisk’s first Flexpen—a prefilled disposable device for the delivery of long-acting insulin…

Turkey has once again put off the resumption of Iran flights to Oct. 2, according to the head of Civil Aviation Organization of Iran.  “We are trying to resume these flights with the help…

Suspended for months over the outbreak of the new coronavirus, tourist trains are resuming their activities.

The growth in overall Consumer Price Index in the fifth month of the current Iranian year (July 22-Aug. 21) was the highest (5.5%) in Lorestan Province compared with the previous month. …

Iranian Tobacco Company produced 2.4 billion cigarettes over the first quarter of the current year (March 20-June 20), which puts its monthly average output at 800 million.  ITC is…

A total of 400,000 television sets were produced in Iran during the first five months of the current Iranian year (March 20-Aug. 21), which indicate a 30% rise compared with the similar period…

A total of 3 million tons of agrifood products worth $2 billion were exported from Iran during the first five months of the current Iranian year (March 20-Aug. 21) to register a respective rise…

Iran exported a total of 4.79 million tons of goods worth more than $1.75 billion to the Commonwealth of Independent States during the last Iranian year (March 2019-20) to register a 133% rise…

The Administrative and Recruitment Affairs Organization of Iran has issued a directive on how managers should discipline employees who refuse to comply with health and safety guidelines related…

Domestic airlines, which were allowed to sell tickets for up to 60% of their total seating capacity when they resumed operations a few months ago, can now increase their booking to capacity,…

The average goods and services Consumer Price Index of utilities (gas, electricity and water) in the 12-month period ending Aug. 21, which marks the end of the fifth Iranian month, increased by…

Iran Chamber of Commerce, Industries, Mines and Agriculture has published the results of an annual survey on the performance of organizations and agencies of three branches of the government (…

The coronavirus has hit hard at an estimated 2.8 million businesses and six million jobs in Iran, according to the director general of Policymaking and Job Department of the Ministry of…

Iran’s commercial exchanges with its biggest trading partner, China, hit $8.66 billion from January to July to register a 40.9% decline compared with the corresponding period of 2019.

Nine out of 19 people who have opened account with designated banks for security deposit assistance loans have received their loans as of Aug. 23, Minister of Roads and Urban Development…

The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 5.4% in the fifth Iranian month (July 22-Aug. 21), indicating a 0.7 percentage point…

Following negotiations between Iranian and Iraqi officials, business days at Mehran border terminal has increased from two to four days a week, says Rouhollah Latifi, the spokesperson of the…

The government has added 800 items to the list of banned imports since last fiscal year (started March 21, 2019), which bring the total number of banned imported commodities to 2,400, the head…

The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce Industries, Mines and Agriculture, is scheduled to hold four specialized courses on contract…

A major direct-reduced iron plant with a production capacity of 960,000 tons of sponge iron per year has come on stream in Ardakan, Yazd Province. 

The monthly consumer inflation of Tehran Province stood at 3.2% in the fifth month of the current fiscal year (July 22-Aug. 21), indicating a 4.9% decrease compared with the previous month,…

Stationery prices have increased by 20% compared with last year due to the rise in production costs while demand for these products has dropped by 60-70% following school closures caused by the…