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Iran Air Refunds $1.2m Over Flight Cancellations

EghtesadOnline: Iran ’s flag carrier, Iran Air, has returned a total of 316.44 billion rials ($1.2 million) to customers over the cancellation of Covid-related flights, since the beginning of the current fiscal year (March 20).
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Publish Date:27/December/2020 | 16:55

Official Warns Against Mask Smuggling From China

EghtesadOnline: Field reports show facemasks from China are being smuggled into Iran via ports of entry such as Bandar Genaveh in the southern province of Bushehr and sold on social media like Telegram channels, a member of the oversight board of guild organizations said in a letter to Industries Minister Alireza Razm-Hosseini.
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Publish Date:26/December/2020 | 14:33

New Cash Payments for 40m Iran ians

EghtesadOnline: The government and the parliament have agreed upon a plan based on which 40 million Iran ians will receive financial support, Vice President for Economic Affairs Mohammad Nahavandian said recently.
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Publish Date:26/December/2020 | 14:31

35% of Targeted Subsidies Resources Not Realized

EghtesadOnline: Thirty-five percent of the resources estimated for the implementation of the Targeted Subsidies Law were not realized in the eight months to Nov. 20 due to the decline in oil revenues and lower domestic gasoline consumption following the outbreak of the new coronavirus and reduction in journeys, an official with the Plan and Budget Organization of Iran said.
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Publish Date:13/December/2020 | 18:13

Exports From Semnan Province Near $190m

EghtesadOnline: A total of 166,533 tons of commodities worth $189 million were exported from Semnan Province to 45 countries during the first eight months of the current Iran ian year (March 20-Nov. 20), showing a 9% decline and an 11% increase in weight and value respectively compared with the similar period of last year.
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Publish Date:08/December/2020 | 16:04

Travel Agencies on Verge of Bankruptcy Due to Covid-19

EghtesadOnline: Travel agencies suffered losses to the tune of 10 trillion rials ($38.5 million) in the first two months of the Covid-19 pandemic in Iran alone, of which 40% were due to the decline in domestic tourists and 60% by fall in the number of international tourists, says the head of Travel Agents Guild Association.
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Publish Date:08/December/2020 | 16:03

Cigarette Smuggling Increases by 8.9%

EghtesadOnline: A total of 7.58 billion cigarettes were smuggled into Iran during the seven months to Oct. 21, indicating an 8.9% increase compared with the corresponding period of last year.
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Publish Date:19/November/2020 | 15:36

Switzerland Expands Trade Relations With Iran

EghtesadOnline: The transport agreement with Switzerland, signed during a visit to Bern in 2018 by Iran ian President Hassan Rouhani, envisages the complete liberalization of goods transport and the removal of administrative barriers.
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Publish Date:19/November/2020 | 15:34

Huge Rise in Flu Vaccine Imports

EghtesadOnline: Over 38,184 kilograms of influenza vaccines worth $28 million were cleared from the Islamic Republic of Iran Customs Administration from the beginning of the current Iran ian year(March 20) to Nov. 9, indicating an increase of 70% in weight and 57% in value compared with the corresponding period of last year.
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Publish Date:18/November/2020 | 14:36

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:18/November/2020 | 14:35

UCO Bank Denies Cutting Iran Ties

EghtesadOnline: India's state-owned UCO Bank has denied plans to halt processing Iran ian transactions.
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Publish Date:18/November/2020 | 14:25

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