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4% of GDP Lost to Road Accidents

EghtesadOnline: Road fatalities and injuries in Iran are estimated to cause economic losses constituting 4% of the country’s gross domestic product, the managing director of Road Safety Supporters Society, Nasser Razaqmanesh, said on Saturday.
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Publish Date:17/November/2020 | 14:59

819 SMEs Revived Since March 20

EghtesadOnline: A total of 819 small- and medium-sized enterprises located in Iran ’s industrial parks and estates have been revived since the beginning of the current fiscal year (March 20), according Iran Small Industries and Industrial Parks Organization.
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Publish Date:10/November/2020 | 14:22

Main Culprits Behind Economic Woes

EghtesadOnline: Iran ’s economic problems are multifaceted. This is not aimed at overlooking the incumbent government’s responsibility for the current state of affairs.
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Publish Date:09/November/2020 | 13:55

Web Confab on Austrian Business Potentials Planned

EghtesadOnline: A virtual conference centering on business opportunities in Austria for Iran ians, hiring international talents, establishing a corporate presence, opening a bank account and Austrian real estate is scheduled to be held on Nov. 9 at 3-6 p.m. local time.
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Publish Date:04/November/2020 | 16:30

CBI Won’t Raise Interest Rates

EghtesadOnline: The Central Bank of Iran has no plan to increase deposit rates, the governor, Abdolnasser Hemmati, said in response to recent rumors about the likelihood of higher interest rates to help prop up the struggling economy, tame inflation and curb forex rates.
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Publish Date:27/October/2020 | 11:58

H1 Agricultural Exports Grow by 12 Percent YOY to $2.5 Billion

EghtesadOnline: Iran ’s agricultural exports in the first half of the current fiscal year (March 20-Sept. 21) increased by 12.2% despite the coronavirus outbreak, says an official with the Islamic Republic of Iran 's Customs Administration.
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Publish Date:19/October/2020 | 18:37

50% Decline in Trade With US

EghtesadOnline: Iran ’s trade with the US stood at $30 million from January to August 2020 to register a more than 50% decline compared with the corresponding period of 2019.
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Publish Date:14/October/2020 | 18:43

57% Rise in Red Meat Output

EghtesadOnline: A total of 40,000 tons of red meat were produced in Iran during the month ending Sept. 21 (sixth month of the current Iran ian year) to register a 57% rise compared with the similar month of last year.
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Publish Date:13/October/2020 | 13:12

H1 Exports From South Khorasan Double to $300 Million

EghtesadOnline: A total of 1.68 million tons of goods worth $300 million were exported from South Khorasan Province’s customs terminals during the first half of the current Iran ian year (March 20-Sept. 21), registering a 51% and 98% rises in weight and value respectively compared with the similar period of last year.
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Publish Date:03/October/2020 | 24:21

Tax Evasion Undermining Economic Equality

EghtesadOnline: Visible inequality in income distribution aside, Iran ’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever.
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Publish Date:01/October/2020 | 15:49

Virtual Agrifood Forum Planned With India

EghtesadOnline: A virtual conference on agricultural products and food trade is scheduled for Oct. 13 at 2:00 p.m. between Iran ian and Indian business community.
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Publish Date:01/October/2020 | 15:39

Iran Braces for Another Desert Locust Attack

EghtesadOnline: Desert locusts are expected to arrive in Iran once again, this time in large bands from Oct. 6, according to the spokesperson of Plant Protection Organization, affiliated with the Agriculture Ministry.
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Publish Date:01/October/2020 | 15:33

Banks’ Deposits Outpace Lending

EghtesadOnline: Central Bank of Iran data show growth in deposits outpaced lending during the month to July 21. It reported that the gap between banks’ outstanding loans and deposits widened further by 9,338 trillion rials ($33 billion).
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Publish Date:30/September/2020 | 14:12

Restrictions on Bank Activities of Minors

EghtesadOnline: In line with plans to enforce anti-money laundering principles, the Central Bank of Iran imposed new restrictions on banking transactions of minor clients.
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Publish Date:30/September/2020 | 14:10

Preconditions for US Return to JCPOA

EghtesadOnline: Iran ’s permanent representative to the United Nations said the United States’ return to the 2015 nuclear deal would only be accepted with preconditions.
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Publish Date:28/September/2020 | 19:13

Exports From Khorasan Razavi Exceed $500m

EghtesadOnline: A total of 966,000 tons of commodities worth $519 million were exported to 62 countries from Khorasan Razavi Province during the first five months of the current Iran ian year (March 20-Aug. 21).
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Publish Date:23/September/2020 | 20:00

Mining, Academic Entities Sign 219 Deals Since March 2019

EghtesadOnline: The Iran ian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its affiliated organizations have signed 219 research and development agreements with universities since the last Iran ian year (started March 2019).
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Publish Date:21/September/2020 | 14:24

Leisure & Culture Inflation at 30.5%

EghtesadOnline: The average Consumer Price Index of "leisure and culture", among 12 groups of the basket of consumer goods and services purchased by households, in the 12-month period ending Aug. 21, which marks the end of the fifth Iran ian month, increased by 30.5% compared with last year’s corresponding period.
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Publish Date:16/September/2020 | 24:21