Press TV

CBI report puts Iran’s 11-month foreign debt 25.7% down YOY

Central Bank of Iran (CBI) figures show that foreign debt owed by the country dropped by more than a fourth in the 11 months to late February.

Macro Economy

Iran’s exports to Turkey up 23% in fiscal 2022-23

Iranian exports to Turkey jumped by nearly a fourth in the year to late March, according to a senior official in the country’s Trade Promotion Organization (TPO).

Trade

Russian economic delegation due in Tehran in mid-May

A high-ranking Russian delegation will travel to Iran next month to hold talks on expansion of bilateral ties on issues ranging from oil and gas to transportation.

Iran Economy

Iran seeks more Russian, Indian funding for transport projects

A senior Iranian government official says the country may tap more funding from Russia and India for transport projects that could facilitate international cargo transit through the Iranian territory.

Transportation

Iran’s annual tea imports hit record $665 million

Iran’s annual tea imports hit an all-time record in the calendar year to late March, according to figures by the country’s customs administration (IRICA).

Agriculture and Environment

Iran’s exports to Iraq hit new record

A senior official in Iran’s Trade Promotion Organization (TPO) says Iranian exports to Iraq hit a new record in the calendar year to late march.

Trade

Iran’s renewables output nearly doubled MOM

The Iranian Energy Ministry says electricity generation from renewable sources nearly doubled in March compared to February.

Energy

FAO names Iran as world’s third largest honey producer

Latest data by the United Nations Food and Agriculture Organization (FAO) show that Iran was the third largest producer of honey in the world in 2022.

Agriculture and Environment

Iran, Venezuela agree to expand oil cooperation

Iran and Venezuela have signed a series of memoranda of understanding (MoUs) to expand oil sector cooperation between the two countries, according to a report by Iranian oil ministry’s news service Shana.

Energy

First plug-in hybrid by Iran’s Saipa to hit market by March

Iran’s second largest carmaker Saipa says its first plug-in hybrid electric vehicle (PHEV) will hit the market in the calendar year to late March 2024.

Mine and Industry