The deputy head of Iran’s Food and Drug Administration (IFDA) says the European Union’s sanctions have directly affected the country’s pharmaceutical imports, pointing out that the country is seeking alternative paths to meet its needs.
The Central Bank of Iran (CBI) is planning to launch a new currency exchange market in a bid to control the prices and to make it easier for importers to access hard currency generated from exports.
The Iranian parliament has allowed the government to increase its Special Drawing Rights (SDRs) in the International Monetary Fund (IMF).
International cargo transit via the Iranian territory rose significantly in the seven months to late October, according to figures by the country’s customs administration (IRICA).
The International Monetary Fund (IMF) has raised its economic growth forecast for Iran in 2024 amid signs the country is becoming increasingly immune to the economic impacts of US sanctions.
Lower electricity supplies to Iranian steel producers caused a major decline in the output in the first half of the calendar year that started in late March, according to figures by the Iranian Steel Producers Association (ISPA).
Iran expects its annual trade with Indonesia to increase significantly with the implementation of a Preferential Trade Agreement (PTA) that was finalized last week with an official announcement of the Iranian Presidency.
Iran has awarded a first contract to the private investor for the development of its railway infrastructure amid plans to expand the country’s rail freight transport market.
Iran has reported a slight fall in its unemployment rate in the quarter to late September as services, manufacturing and agriculture sectors keep performing well in the Iranian labor market.
Iran and Armenia have signed a barter trade deal after opening a large Iranian trade center in the Armenian capital Yerevan.