Bank Keshavarzi gave farmers over 1.8 trillion rials ($55 million based on market rate) in loans in the past four months to buy machinery. The loans have 17 percent interest rate and an average…
Economy
Economy
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,…
Economy
Foreign investors can now own up to 51% of Iran’s car companies, minister of industry, mine and trade, Mohammadreza Nematzadeh, suggested on Friday.
Economy
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…
Economy
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…
Economy
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…
Economy
Iran is resolved to broaden its economic relations with the world, minister of economic affairs and finance, Ali Tayebnia, said on Friday.
Economy
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…
Economy
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…
Economy
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…
Economy
Iran’s second largest carmaker, Saipa, has said it would unveil 13 new products by March 2016, 70% of which will carry Saipa brand and will mainly be made of domestically manufactured auto parts,…
Economy
In the week ending Nov. 5, 258,000 tons of various commodities worth 5.68 trillion rials were traded on the spot market of the Iran Mercantile Exchange (IME).
Economy
The recent bullish trend at the Tehran Stock Exchange managed to broadly erase most of the stock market losses from the beginning of the current Iranian year (starting Mar. 21), as the TSE’s…
Economy
The Iran Mercantile Exchange will host the second international conference of Interexchange Electronic Union (IEU) consisting of commodity exchanges of the Eastern Europe as well as the CIS…
Economy
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said it was beginning to carry out aerial geophysical surveys over 100,000 square kilometers of the country…
Economy
The southwestern province of Kohgiluyeh and Boyer-Ahmad exported 3,000 metric tons of industrial and mineral substances since the beginning of the current Iranian calendar year (starting March 21…
Economy
Private sector role in semi-complete and new mining projects is of the ascending order and businesses should be encouraged further to invest in the industrial and manufacturing sectors, the…
Economy
The Azadi gold coin took a large hit on Wednesday, following the drop in gold spot price as the dollar rallied in the international markets. The benchmark gold coin fell by 1.2 percent, to a nine-…
Economy
Following our introductions to Iran’s Free Trade Zones, we will now move on to the next section in commercial areas, this time the Special Economic Zones.
The term special economic…
Economy
Commercial banks in Iran charge high interest rates on loans they award to exporters, according to the CEO of the Export Guarantee Fund of Iran, who complained that the high interest rates on…
Economy
Indian refiners completed payment of $900 million in frozen oil revenues to Iran on Wednesday under an interim deal that eased some sanctions against Tehran over its nuclear energy program, said…
Economy
Total premiums grew by over a third in the six months ending September 22, compared to the same period last year. The high growth rate in the insurance sector came despite the financial sanctions…
Economy
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…
Economy
A working group led by the minister of communications and information technology, Mahmoud Vaezi, is paying a visit to Azerbaijan on Thursday, AzerTag reported.
Economy
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,…
Economy
