Commodities worth $459m traded at IME in a week
During the past Iranian calendar week (ended on Friday), 2,133,115 million tons of commodities worth $459 million were traded at Iran Mercantile Exchange (IME).
Iran Exports to EU Up 45% y/y in May
Iranian exports to EU countries rose by nearly a half year on year in May to reach €102 million.
TPO considers launching medical equipment export consortium
Head of Iran’s Trade Promotion Organization (TPO) has stressed the need for establishing a consortium of medical equipment exporters in order to increase the quality and export capacity of the products made in this sector, the TPO portal reported.
Iran, Russia to Create Joint Free Zone
It was late in the spring that Russian President’s special representative, the CEO of Lotus Special Economic Zone of Russia’s Astrakhan Mr. Sergey Milushkin, Deputy Speaker of the State Duma of the Russian Federation Mr. Oleg Savchenko and their entourage had different meetings with Vice-President and Secretary of the Supreme Council of Free and Special Economic Zones Mr. Saeed Mohammad and during the meetings both sides called for broadening bilateral and multilateral cooperation with reliance on capacities in Iran’s free zones.
Iran May Import Gasoline
Chairman of the board of directors of the Union of Exporters of Petroleum, Gas and Petrochemical Products Seyed Hamid Husseini says Iran may become gasoline importer because of high consumption in the summer.
Iran’s non-oil trade with SCO members rises 29% in spring
The value of Iran’s non-oil trade with member states of the Shanghai Cooperation Organization (SCO) has increased by 29 percent in the spring, which is the first quarter of the Iranian calendar year (March 21-June 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) Ruhollah Latifi said on Thursday.
Iran Foreign Trade Hits $120b
Iran's foreign trade amounted to $120 billion last solar year (ended March 20, 2022), the Minister of Industry, Mine, and Trade said.
Effect of worn-out industrial machinery in increasing electricity consumption
Electricity consumption in Iran reached an unprecedented record-breaking level of 67,700 megawatts on Tuesday.
Minister Vows to Curb Inflation in Upcoming Months
Minister of Finance and Economic Affairs Ehsan Khandouzi vows the inflation to be curbed in the upcoming months and reiterated that all bodies are focused on controlling the inflation.
Iran, Serbia Call for Setting Up Joint Chamber of Commerce
Head of Iran Trade Promotion Organization (TPO) Alireza Peyman-Pak who was leading an economic delegation to Serbia in meeting at the Serbia Chamber of Commerce called for the launch of joint chamber of commerce.