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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

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