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Financial Tribune

Iran to rise minimum wages by 27%

Minimum wages will increase by 27% in the new Iranian year that started on March 21.

Macro Economy

CBI puts Iran’s last year average annualized inflation at 46.5%

Iran experienced an average annual inflation rate of 46.5% in the last fiscal year that ended on March 20, 2023, according to the Central Bank of Iran.

Macro Economy

Iran’s 11-month agri-food exports hit $4.5 billion

Iran exported 7 million tons of agricultural and food products worth $4.5 billion during the first 11 months of the current Iranian year (March 21, 2022-Feb. 19), the latest data released by the Agriculture Ministry show.

Agriculture and Environment

Iran’s exports to EAEU states surge by $1.3 billion in 11 months

Iran’s exports to the Eurasian Economic Union’s member states reached 3.09 million tons worth $1.34 billion during the current Iranian year’s first 11 months (March 21, 2022-Feb. 19).

Trade

Iran’s January imports from US hit $3 million

Iran imported $3.1 million worth of goods from the US in the first month of 2023, down 36.73% compared with $4.9 million in January 2021, the latest data released by the US Census Bureau show.

Trade

Iran’s transactions with Caspian states top $3.3 billion in 11 months

Iran’s trade (excluding crude oil exports) with Caspian Sea littoral states stood at 5.99 million tons worth $3.34 billion during the first 11 months of the current Iranian year (March 21, 2022-Feb. 19).

Trade

Iran-Pakistan electricity exchange reaches 200 MW

The volume of electricity exchange between Iran and Pakistan has reached 200 megawatts with the launch of a new transmission line, Energy Minister Ali Akbar Mehrabian made the statement at a meeting with Pakistan’s Power Minister Khurram Dastgir Khan on Sunday.

Energy

Iran’s 11-month trade with neighbors tops $52 million

Iran traded 86.84 million tons of goods worth $52.93 billion, excluding crude oil exports, with 15 neighboring countries that share land or sea borders, from the beginning of the current Iranian year on March 21, 2022, to the end of the 11th month of the year on Feb. 19, 2023.

Trade

Iran orders huge shipments of Russian wheat for April, May delivery

Iran’s state procurement agency, the Government Trading Corporation, reportedly purchased several hundred thousand tons of Russian milling wheat last week for April and May shipment.

Agriculture and Environment

Iran health official says COVID-related mortalities may rise

Due to the increase in the number of outpatient visits related to the coronavirus, fatalities from the disease are likely to follow suit over the next few weeks, a senior official with the Health Ministry’s Center for Management of Infectious Disease, Babak Eshrati, stated on Sunday.

Society Economy

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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