TEHRAN – Iran’s trade balance registered a $29 billion surplus in 2016, Tasnim reported on Friday citing the “2017 handbook of statistics” report published by the United Nations Conference on Trade and Development (UNCTAD). According to the report, the country’s total foreign trade stood at $109 billion, of which $69 billion was related to exports. […]

TEHRAN- Iran and Serbia discussed expansion of relations in energy and trade sectors, IRIB reported on Saturday. During his one-day visit to Belgrade, Mojtaba Khosrotaj, head of Iran’s Trade Promotion Organization (TPO), held meetings with Serbian Minister of Mining and Energy Aleksandar Antic, State Secretary of Ministry of Agriculture, Forestry and Water Economy of Republic […]

SMEs (small and medium-sized enterprises) are enterprises whose personnel numbers fall below certain limits. According to the European definition, SMEs are enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding €50 million, and/or an annual balance sheet total not exceeding €43 million. Today, SMEs are some key drivers of […]

TEHRAN- Iran exported $221 million worth of hand-woven carpets during the first seven months of the current Iranian calendar year (March 21-November 21, 2017), IRIB quoted Hamid Kargar, the head of Iran’s National Carpet Center, as saying. Some $153 million worth of hand-woven carpets were exported during the first half of the year, showing an […]

TEHRAN – Bulgarian Energy Company, Solar & Benefit, has signed a memorandum of understanding (MOU) for the construction of a solar farm in Iran. The project is planned to be implemented in Jahrom Special Economic Zone in the southern province of Fars, IRNA reported on Friday without providing details. Since the removal of sanctions on […]

Iran’s LPG export program has extended its decline for a fourth month in December, even though the South Pars gas field resumed production around three weeks ago after two months’ maintenance, trade sources said this week. The initial shipment program shows about 199,000 mt of LPG will be lifted in December, down slightly from 220,000 […]

Bitcoin, the digital currency that has dominated headlines in recent weeks, continued its march higher as it broke for the first time ever above $17,000 on Thursday. Despite queries over its real value and worries about its dangerous bubble, the cryptocurrency has drawn attention of many people in the business community as the fastest growing […]

TEHRAN- Iran and Pakistan finalized the draft of a much-awaited Free Trade Agreement (FTA), official sources told Business Recorder. As reported, this agreement was reached during the third meeting of the Trade Negotiation Committee (TNC) on Pakistan-Iran Free Trade Area Agreement (PIFTA) held on November 21-22, 2017 in Tehran. The sources said that text of FTA […]

TEHRAN- A delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will visit the Netherlands from January 28 to February 1, 2018, the portal of ICCIMA reported. The delegation, to be headed by ICCIMA Chairman Gholam-Hossein Shafeie, includes Iranian entrepreneurs active in agriculture, green energies, irrigation and related industries, healthcare, logistics, transportation, oil, […]

TEHRAN- Transit of goods via Iran rose 21 percent during the first eight months of the current Iranian calendar year (March 21-November 21) compared to the same period of time in the past year, according to a transport official. Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation […]