Economy

The central bank’s capping of interest rates will increase rent-seeking and corruption, and also waste the banking system’s resources, as seen several times in the past, a prominent economist told…

The Money and Credit Council on Tuesday agreed to raise the ceiling of mortgage loans after months of debating to help the housing market out of recession by stimulating demand. All private and…

Uncertified financial institutions have come under unprecedented fire from the Central Bank of Iran and other government officials in recent months.

Minister of Cooperatives, Labor and Social Affairs, Ali Rabi’ie says the government has no intention to stop payment of cash subsidies to low and middle-income households, adding that provisions…

Iranian and Serbian officials in a meeting in Tehran on Tuesday explored avenues to expand bilateral trade, with both sides calling for the establishment of Iran-Serbia joint economic committee by…

Iran and Hungary should reinvigorate their banking relations before they can increase their trade which is currently hovering around $40 million per annum, minister of trade, mine and industry,…

More than a year after the parliament decided to levy tax on empty dwellings, the enforcement of the bill is still pending two major steps: approval by the Guardian Council and establishment of an…

During the past Iranian calendar year (ended March 20), about 3.6 million metric tons of fruits and vegetables worth $2.2 billion were exported, said the President of the National Union of…

Kyrgyzstan’s Ambassador to Iran, Asanbeyk Osman Aliyev, called for promotion of bilateral business ties, in a meeting held in Mashahd on Tuesday with governor-general of the northeastern Khorasan…

An Iranian trade delegation is scheduled to visit Venezuela next month to put an end to the recent slowdown in bilateral trade relations, head of Iran’s Trade Promotion Organization, Valiollah…

Saipa Automotive Group’s CEO has said that to remain competitive his company will increase their prices by 15 percent, ISNA reported. Saeed Madani said that “prices across the board will increase…

Chairman of Iran's Institute for Trade Studies and Research says the Iranian government and parliament are working on new incentives to encourage foreign investment in the automobile industry,…

Automakers including Volkswagen, General Motors and Ford Motor are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry’s rich profit…

Iran’s e-check system, Chekavak, will go online nationwide on May 26. The new system is aimed at reducing the number of bounced checks and making transactions more secure, the Central Bank of Iran…

Iran’s foreign exchange markets saw some movement due to international news on Tuesday, after a week of slow trade.

The Azadi gold coin fell as profit-taking in Asia and Europe pushed the…

Governor of the Central bank of Iran Valiollah Seif called on banking executives and other major players in the money market to embrace policies that serve the entire financial system and not just…

First Vice President Is’haq Jahangiri called on the three branches of the government to help tackle the rising crisis of bad debts, with which the banking system has been struggling in recent…

Unlike past practices, the Central Bank of Iran has decided to leave it to banks to decide the collateral required in return for micro-loans, causing fears that heavy collateral is awaiting small…

The thirty-six percent value added tax on textiles is the reason behind the unreasonable prices of domestically produced fabrics, head of Tehran’s Textile Union, Amir Ghadiminejad, told ISNA on…

Deputy foreign minister for Euro-American affairs, Majid Takhte- Ravanchi, invited the Chilean private sector to invest in the Iranian market, in a meeting with political advisor to the Chilean…

Iran’s $160 billion value of trade during the past Iranian year (ended March 20) shows that the country has continued to interact with the world and that the western sanctions [imposed against…

In the light of the worsening water crisis in the country, the ministry of agriculture is pursuing the implementation of an ‘Agriculture Beyond Borders’ program, which allows for farming in…

Iran and Georgia should take necessary measures to increase their annual trade which is currently hovering around $200 million, deputy minister of cooperatives, labor and social welfare Naqi…

Head of Iran-Italy joint chamber of commerce Ahmad Pourfalah called on Italian companies to invest in Iran’s industrial projects in a bid to expand bilateral commercial ties.

During the first month of the current Iranian calendar year (began March 21), 38,400 metric tons of potatoes worth $15 million were exported, 1,479 times the value in the same period a year ago.…