Iran Chamber Newsroom

Iran cuts VAT on imports of essential goods to 1%

The governor of Iran’s National Tax Administration (INTA) Mohammad-Hadi Sobhanian has ordered the execution of a new law which significantly cuts the Value Added Tax (VAT) on imports of essential goods.

Macro Economy

Russia hopes to begin construction of Rasht-Astara railroad project by yearend

Russian Deputy Transportation Minister Dmitry Zverev has expressed hope that his country will begin construction of Rasht-Astara railroad by the end of 2023.

Transportation

Iran Chamber of Commerce president calls for forming barter trade fund with Vietnam

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has urged the need for introducing a settlement mechanism as well as forming a barter trade fund with Vietnam.

Iran Chamber

Iran private sector stresses promotion of trade with Vietnam despite sanctions

President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has voiced the readiness of the Iranian private sector for expansion of trade and cooperation with Vietnam despite tough Western sanctions on Tehran.

Iran Chamber

Iran enjoys best potentials for cooperation with BRICS: Iran Chamber of Commerce

Niloofar Assadi, the caretaker of the international affairs of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) says Iran enjoys the best potential for cooperation with BRICS member countries.

Iran Chamber

Iran’s new monthly PMI dips to near threshold

Iran Chamber of Commerce has released the country’s new PMI data for the fiscal month of Tir (June 21 - July 21) which is lower than that of the preceding month.

Macro Economy

Iran imports 7.35 million tons of essential goods in four months

Iran has imported some 7.35 million tons of essential goods worth $4.763 billion in the first four months of the current calendar year (March 21 – July 21), according to a report by the Ministry of Economy.

Macro Economy

Iran’s electricity consumption sets new record

Iran’s daily electricity consumption hit 73,450 MW on Sunday, registering a new record high, according to the spokesman of the country’s electricity industry.

Energy

In a congratulatory message to newly-elected Iranian counterpart:

President of Uzbekistan Chamber of Commerce calls for more increased cooperation with Iran

President of the Chamber of Commerce and Industry of Uzbekistan Davron Vakhabov, in a letter on Sunday, congratulated his Iranian counterpart Hossein Selahvarzi on being elected to the post, expressing hope for more enhanced cooperation with Iran.

Iran Chamber

Iran ready to increase transit from Russia by 700%: Official

Referring to a 70% increase in Iranian transit from Russia, Managing General of the Islamic Republic of Iran Railways has voiced Iran’s readiness to increase the country’s transit from Russia by 700%.

Transportation