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IRNA

Iran to gain advantage from BRICS bank: Russia

Russian Deputy Foreign Minister Sergey Ryabkov has noted that Iran’s membership in the BRICS New Development Bank will pave the way for the country’s smooth accession to the structure of the bloc.

Financial Markets

Official puts Iran’s one-year trade turnover at $180 billion

The deputy governor of the Central Bank of Iran (CBI) for economic affairs Mohammad Shirijian has put the total trade turnover of the country in the previous Iranian calendar year at $180 billion.

Trade

Russia plans coal exports to India via Iran’s railways

Russia has announced plans to export coal to India through Iran’s railways.

Transportation

Iran’s agricultural exports up $1 billion in one year

Iran has produced $1 billion more agricultural products over the past calendar year to late March than that produced a year earlier, according to Minister of Agriculture Mohammad-Ali Nikbakht.

Agriculture and Environment

Russia welcomes Iran’s request to join Eurasian Economic Union

Russia’s Deputy Prime Minister Alexey Overchuk says Moscow would welcome Iran joining the Eurasian Economic Union (EAEU) as an observer member, which he said could happen by the end of 2024.

Trade

Iran-Turkey trade hits $1.75 billion in four months

Iran and Turkey have exchanged as much as $1.75 billion worth of goods in the first four months of 2024, according to a report by the Turkish Statistical Institute (TurkStat).

Trade

Iran’s agrifood exports at $684 million in two months to late May

Iran exported 1,562,000 tons of agricultural products worth $684 million from March 21 to May 20, 2024, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Agriculture and Environment

Iran imports over 1.3 million cellphones in two months

The Islamic Republic of Iran Customs Administration (IRICA) says more than 1.3 million cellphones worth over $340 million were imported to the country in the first two months of the Iranian calendar year starting on March 20.

Trade

Iran’s Q1 pistachio exports to EU up 17% YOY

The statistical office of the European Union (Eurostat) has announced that in the first quarter of the current year, Iran’s pistachio exports to the member states of the European Union increased by 17% compared to the same period last year, reaching €34 million.

Agriculture and Environment

Iran annual inflation at lowest rate in three years

The latest official figures show that Iran’s annual inflation rate has reached 37%, which is the lowest rate in the past three years.

Macro 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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