All News about Iranian Economy – Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.
An Iranian official has announced the export of 207,000 tons of various agricultural products (summer crops) worth $63 million via the Mehran border crossing to Iraq.
An Iranian business official says that neighboring Iraq’s debt to Iran stands at between 5 to 7 billion dollars, and that there is no obstacle in Baghdad’s debt clearance process, despite certain claims to the contrary.
The head of Iran’s Customs Organization says out of the total trade done in the first 9 months of this Persian year, 92.3 million tons worth $35.1 billion account for non-oil exports.
Moscow’s ambassador to Tehran says the value of trade between Iran and Russia reached 3.6 billion dollars in 2021, up by 87 percent compared to last year, in spite of the COVID-19 pandemic.
Iran's Supreme Court has acquitted former Central Bank governor Valliollah Seif and his deputies who were convicted in October of squandering millions of dollars in public funds.
Iran’s Deputy Minister of Roads and Urban Development says the Islamic Republic welcomes Uzbekistan’s approach to using the capacity of the Iranian port city of Chabahar to develop trade and investment in Shahid Beheshti port, in southeast Iran.
The National Export Day of the solar year 1400 marked a good event for Iran’s technology and innovation ecosystem, and it was the selection of a knowledge-based company as the top exporter of the year.
Iran’s Vice President for Technological and Scientific Affairs Sorena Sattari has said domestic sanctions are a bigger obstacle than foreign bans, adding that each new license is a hurdle to the production, export and development of knowledge-based products.
The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.
Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.
Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.
UK government officials were in Tehran last week discussing legal ways to pay Britain’s historical £400m debt to Iran, the Iranian ambassador to London has said.
