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Financial Tribune

Taxation accounts for nearly half of Iranian government revenues in Q1

Tax revenues accounted for 48% of all government revenues in the first quarter of the current fiscal year (started March 21), the Iranian National Tax Administration reported.

Macro Economy

Iran reinstates air travel restrictions amid new COVID wave

Iran has reinstated its conditions for air travel to the country amid a new wave of Covid-19, according to the spokesperson of the Civil Aviation Organization of Iran.

Society Economy

Iran hit by seventh Covid wave

Health Minister Bahram Einollahi on Saturday announced that Iran had entered the seventh wave of the Covid-19 pandemic and encouraged the public to administer booster shots as soon as possible.

Society Economy

Study shows Iran’s foreign trade declining in 10 years

From the fiscal 2011-12 to 2021-22, the general trend of real exports and imports of goods and services from/to Iran has been downward with the latter registering a more pronounced decline.

Trade

Iran’s two-month passenger rail transport up 63% YOY

A total of 4.4 million passengers were transported via railroads in Iran during the first two months of the current Iranian year (started March 21) to register a 63% increase compared with the corresponding period of last year, the Ministry of Roads and Urban Development reported.

Transportation

Iran’s 10-month petrochemical output near 32 million tons, up 8% YOY

Iranian petrochemical production and exports grew by 8% and 5% respectively between July 2021 and April 2022, and reached 32 million tons and 22 million tons compared to a year ago.

Mine and Industry

Iran’s thermal power generation tops 1.1 billion kWh/Day

Power generation in Iran’s thermal power plants has exceeded 1.1 billion kilowatt-hours per day, said a deputy manager at Iran’s Thermal Power Plants Holding Company.

Energy

Iran advises booster shots for anyone above 12

Health Minister Bahram Einollahi encouraged everyone over the age of 12 to receive a Covid-19 booster shot given the recent surge in active cases and hospitalizations.

Society Economy

Iran’s unemployment rate remains single-digit in Q1

Iran’s unemployment rate, the proportion of the jobless population of ages 15 and above, stood at 9.2% in the first quarter of the current Iranian year (March 21-June 21), indicating a 0.4% year-on-year increase.

Macro Economy

Iran imports $4.5 billion of essential goods in Q1

A total of 5.9 million tons of essential goods worth $4.5 billion were imported during the first three months of the current Iranian year (March 21-June 21), according to a customs official.

Trade

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.

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