Central Bank of Iran Governor Valiollah Seif said Tue. that the decision to replace dollar with euro in the country’s foreign trade transactions will be implemented with more determination this year. Governor of the Central Bank of Iran (CBI) attended an open session at the Parliament this morning to discuss the recent foreign exchange fluctuations in […]

TEHRAN- Uzbek First Deputy Prime Minister Achilbay Ramatov announced his country’s readiness on Monday for boosting commercial ties with Iran, IRNA reported. [eco] The senior Uzbek official made the remarks during the 12th meeting of Iran-Uzbekistan joint economic committee at the place of Iran Trade Promotion Organization (TPO) in Tehran. Referring to $325 million Iran-Uzbekistan […]

TEHRAN- Gasoline production in Iran will increase 12 million liters within the next four months, Oil Minister Bijan Namdar Zanganeh announced on Monday. The official put the country’s daily gasoline production at 15 million liters in the past Iranian calendar year (ended on March 20), Tasnim news agency reported. Zanganeh also announced that Iran will […]

Minister of Industry, Mine and Trade Mohammad Shariatmadari put the volume of Iran’s trade and business relations with the outside world in the past Iranian calendar year in 1396 (ended March 20, 2018) at $200 billion and said, “given the considerable trade volume of exchanges, Islamic Republic of Iran can be a good trade partner […]

TEHRAN – Iran has announced the start of a national innovation ecosystem development plan, aiming to boost technology ecosystem, strengthen knowledge-based economy as well as support innovative jobs and start-ups. Over 3,000 knowledge-based companies are established in different fields of industry and technology, which are influential in the field of economy, society and human resources, […]

TEHRAN – Cellphone users in Iran shall resume the registration process based on the country’s telecommunications database from late April. Iran performs the long-awaited national scheme to stop growing market for smuggled cellphones. In the second half of the past Iranian calendar year, which ended on March 20, 2018, about half of brands at cellphone […]

Secretary of Higher Council of Special Economic and Free Zones Morteza Bank said that ‘supporting home-made products’ is the main priority of this sector in the current Iranian calendar year in 1397 (started March 21, 2018). He said that formulation of incentives and supportive packages special of investment is to help private sector and rely […]

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of eight oil and gas wells during the two weeks from the beginning of current Iranian calendar year (March 21), according to an official with the NIDC. Nasser Qolipour, the director for consolidated planning in NIDC, said some 7,900 meters of digging has been […]

TERHAN- Federation of Iranian Food Association and Central Union of Turkish Agricultural Credit Cooperative signed a cooperation agreement at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday, IRNA reported. According to the penned agreement, the two sides plan to utilize their full capacities to produce healthy and quality food […]

TEHRAN- A top official from Iran Small Industries and Industrial Parks Organization (ISIPO) announced that domestic small and medium-sized enterprises (SME) could export 2.3 billion of goods during the previous Iranian calendar year 1396 (ended March 20, 2018), IRNA reported on Saturday. “In 1396, some 2,575 industrial units were inaugurated employing 39,622 people and using […]