Bank loans to economic sectors up over 51% in 5 months
Iranian banking system has paid 9.007 quadrillion rials (over $214.47 billion) of facilities to domestic economic sectors in the first five months of the current Iranian calendar year (March 21-August 22), registering a 51.3-percent rise from the same period in the previous year, IRNA reported.
Vietnam Urged to Use Alternative Financial Avenues in Trade With Iran
Head of International Affairs of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Mohammad Reza Karbasi in meeting with new and outgoing commercial attaches of Vietnam in Tehran criticized the considerable decline in the economic relation of the two countries and urged Vietnam to use alternative financial avenues in trade with Iran to boost it.
Iran, Lebanon discussing preferential trade agreement
Director-General of Iranian Trade Promotion Organization (TPO)’s Office of Arabian and African Countries has said Iran and Lebanon are discussing a preferential trade agreement between the two countries.
Iran Exports to ASEAN Up 48%
Secretary of ASEAN desk at the Iran Trade Promotion Organization says Iran’s exports to the ASEAN countries in the first five months of the current year have increased by 48 percent.
Iran Accounts Only for 0.5% of Russia’s Imports
Chairman of Iran-Russia Joint Chamber of Commerce says Russia’s import needs in the food stuff and agro products are valued at 70b euros while Iran only provides Russia with an insignificant volume of 0.5% of its needs.
Exports to ASEAN rise 48% in 5 months on year
The value of Iran's exports to the Association of Southeast Asian Nations (ASEAN) member states rose 48 percent in the first five months of the current Iranian calendar year (March 21-August 22) compared to the figure for the same period last year, ILNA reported.
Iran’s Exports to Lebanon Rise by 266%
The director-general of Iran's Trade Promotion Organization (TPO)'s Office of Arabian and African Countries says Iran’s exports to Lebanon have increased by 266 percent, admitting that the U.S. sanctions on banking activities have restricted Iran’s trade with Lebanon
Gas refineries fully ready for sustained supply in winter
Head of National Iranian Gas Company (NIGC)’s Production Coordination and Supervision Directorate has said the country’s natural gas refineries are completely ready for the sustained supply of gas in the cold season, Shana reported.
Iran Trade Balance Positive of 1.26b Last Month
Spokesperson for Iran’s Customs Office says in the last month of Iranian calendar year Mordad (July 23-August20), over 8.452m tons of goods worth $5.378 have been traded between Iran and other countries and the country’s non-oil trade in the same period shows positive trade balance of 1.263b.
Smuggled Home Appliance Estimated at $2.5b
Head of Association of Home Appliance Manufacturers of Iran (AHAMI) says 40 percent of the home appliance market in the country is in control of the smuggled commodities which is valued at around $2.5b on average.