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Domestic Economy

Iran reports further rise in annual inflation rate in May

Iran has reported a further rise in its annual inflation rate in May despite the government’s efforts to control the prices.

Macro Economy

Expediency Council approves Palermo bill with conditions

Iran’s move to approve Palermo bill is in line with its effort to be removed from the FATF blacklist as the country seeks to eliminate barriers to foreign trade.

Iran Economy

Removal of four zeros from national currency on agenda

The Governor of the Central Bank of Iran stated that the removal of four zeros from the national currency is among the Central Bank’s priorities for this year.

Financial Markets

Taxes fund 70% of government’s current expenditure

President Masoud Pezeshkian’s government prioritized strengthening fiscal sustainability through increased tax mobilization, with new data revealing that 70% of the state’s current expenditure was funded by tax revenues last year (began on March 20, 2024).

Iran Economy

Iran spends more than $4.5 billion on subsidized imports in 45 days

Figures by the Central Bank of Iran (CBI) show the lender has allocated more than $4.5 billion in subsidized currency to imports of goods and equipment into the country since the start of the calendar year on March 21.

Iran Economy

Official report puts Iran’s annual inflation at 33.2%

The Iranian government’s statistics agency has reported a slight increase in the country’s annual inflation rate in April.

Macro Economy

Iran greenlights $7 billion in foreign investment

In a meeting held by the Organization for Investment, Economic, and Technical Assistance of Iran, foreign investments totaling $7 billion were approved across various sectors.

Iran Economy

Iran private sector favors the beginning of indirect talks between Tehran and Washington

Iran’s private sector has expressed strong support for the beginning of indirect talks between Tehran and Washington, citing the potential for improving the country’s economic landscape.

Iran Chamber

Iran’s first vice president urges private sector consultation to tackle economic barriers

Iran’s First Vice President has called for greater consultation with the private sector in order to address structural and economic challenges, urging business leaders to submit their proposals within 10 days to support the country’s new economic drive.

Iran Economy

Lack of trust seen as major obstacle to investment in Iran

A senior Iranian business leader has identified lack of trust as the most significant barrier to investment in the country’s production sector, underscoring the need for comprehensive economic reforms to boost investor confidence.

Iran Chamber

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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