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Domestic Economy

Iran not to remove bread, medicine subsidies: VP

Iranian First Vice President Mohammad Mokhber reassured the people that the government subsidies for bread and medicine will not be removed.

Macro Economy

Iran to ramp up cooking oil imports to prevent domestic shortages

Iranian agriculture ministry (MAJ) plans to ramp up imports of cooking oil into the country to prevent any shortages that could be caused by the military conflict between Russia and Ukraine.

Trade

Central Bank puts Iran’s foreign debt at $8.88 billion

Iran’s total foreign debt up to the end of the Iranian calendar month of Bahman (February 19) stood at $8.88 billion, according to a Monday report by the country’s central bank.

Macro Economy

Iran world’s 7th least indebted country: Economic analyst

Abbas Me’marnejad, a well-known economic analyst, says Iran with a foreign debt of $8.4 billion, is the world’s seventh least indebted country considering the country’s gross domestic product (GDP).

Macro Economy

Iran Leader reiterates need for knowledge-based production, creation of jobs

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei addressed the nation on the occasion of the Persian New Year (Nowruz), stressing the need for increasing efforts to strengthen knowledge-based production and create more jobs.

Macro Economy

Report puts Iran’s nine-month economic growth at 4.1%

A Monday report by the Central Bank of Iran (CBI) suggests that Iran’s economic growth reached 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021) putting the country’s overall economic growth in the nine months to December 21, 2021 at 4.1%.

Macro Economy

Iran’s nine-month economic growth hit 5.1%

The Statistical Center of Iran’s newly released data show the economy grew by 5.1% in Q1-3 of the current fiscal year (March 21-Dec. 21, 2021) compared with the preceding year’s corresponding period.

Macro Economy

Minimum wage in Iran rises by 57.4%

Iran has increased minimum wage payable to workers by 57.4% as a government that came to office in August moves ahead with plans to bridge economic gaps for low-paid people in the country.

Society Economy

Iran targets 12.7% industrial growth for fiscal 2022-23

Iranian Industry, Mining, and Trade Minister Reza Fatemi-Amin said his ministry has targeted a 12.7 percent growth for the country’s industrial sector for the next Iranian calendar year (begins on March 21), the ministry’s news portal Shata reported.

Mine and Industry

Iran’s 11-month tax revenues hit record high of $10.8 billion

A record high of 2,770 trillion rials ($10.8 billion) in tax revenues were collected over the 11-month period ending Feb. 19, indicating a 60% increase compared with the corresponding period of last year, the head of Iranian National Tax Administration said.

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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