Iran Chamber Newsroom

Iran, Russia unveil second phase of connecting payment systems

The second phase of connecting Iran’s Shetab banking system and Russia’s Mir payment network was unveiled in a ceremony attended by senior central bank officials from both countries.

Financial Markets

Removal of four zeros from national currency on agenda

The Governor of the Central Bank of Iran stated that the removal of four zeros from the national currency is among the Central Bank’s priorities for this year.

Financial Markets

Iran, Uzbekistan eye $1 billion trade goal, call for visa-free travel and deeper economic ties

Iran and Uzbekistan have pledged to boost bilateral trade to $1 billion, with senior officials from both countries calling for cancellation of visa requirements and enhanced investment ties during a high-level business forum.

Iran Chamber

Taxes fund 70% of government’s current expenditure

President Masoud Pezeshkian’s government prioritized strengthening fiscal sustainability through increased tax mobilization, with new data revealing that 70% of the state’s current expenditure was funded by tax revenues last year (began on March 20, 2024).

Iran Economy

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Farvardin (March 21 – April 20, 2025) posting a fifth drop in a row.

Iran’s PMI registers fifth monthly drop in a row

Macro Economy

Iran exported 214,300 tons of saffron worth $184.7 million in the past Iranian calendar year to March 20, according to an official with the Islamic Republic of Iran Customs Administration (IRICA).

Iran’s annual saffron export stands at $184.7 million

Agriculture and Environment

Iran has ramped up its gasoline production to 120 million liters per day in the second Iranian calendar month of Ordibehesht (started on April 21), up from 107 million liters the previous month, even as the country’s refining industry reports a dramatic collapse in profitability, a senior industry official said on Tuesday.

Iran announces rise in gasoline output to 120 million liters a day

Energy

Figures by the Central Bank of Iran (CBI) show the lender has allocated more than $4.5 billion in subsidized currency to imports of goods and equipment into the country since the start of the calendar year on March 21.

Iran spends more than $4.5 billion on subsidized imports in 45 days

Iran Economy

Iran has invited Sweden to restart joint investment projects in the country’s automotive and electricity sectors, signaling readiness to expand economic ties as hopes grow for progress in nuclear negotiations with the US and potential sanctions relief.

Iran invites Sweden to revive auto and energy investment amid optimism over sanctions talks

Iran Chamber

Iran and Uzbekistan are intensifying efforts to expand bilateral trade, with Iranian officials calling for the swift conclusion of a preferential trade agreement and greater economic integration between the two countries.

Tehran and Tashkent push to double trade volume, eye $1 billion target

Iran Chamber

Iran holds a 10% share of Syria’s import market, significantly trailing regional competitors such as Turkey, China, and Russia, according to a recent report by the Iran-Syria Joint Chamber of Commerce. The report highlights persistent challenges facing Iranian exporters, particularly limited access to regional transit routes.

Iran’s share of Syrian import market insignificant amid transit route hurdles – Report

Joint Chambers

A senior Iranian business official has called for intensified trade relations between Iran and Turkmenistan, highlighting the mismatch between the current trade volume and the countries’ historical and economic potential.

Iran urges stronger trade ties with Turkmenistan amid Iran Expo 2025

Iran Chamber

Senior business leaders from Iran and Kyrgyzstan have urged the formation of joint investment strategies and banking agreements to unlock the full trade potential between the two countries, which remains far below capacity.

Iran, Kyrgyzstan call for banking agreements, joint investment to boost trade

Iran Chamber

Iran and the Czech Republic are exploring ways to significantly boost bilateral trade, aiming for a target of $1 billion in the coming years, a senior Iranian business leader said on Thursday, citing positive momentum in Iran-US negotiations.

Iran, Czech Republic eye $1 billion trade goal amid positive diplomatic signals

Iran Chamber

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

Reliable news on Iran economy - affiliated with the Iran Chamber of Commerce

Swedish ambassador visits Iran Chamber of Commerce

Iran Chamber of Commerce, Industries, Mines and Agriculture