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Wake-Up Call for Insurers

EghtesadOnline: The Central Insurance company of Iran, the supervisory and regulatory body of insurance industry, has notified insurance companies to improve their performance and take action against agents violating online sales and marketing regulations.
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Publish Date: 16/August/2020 | 15:17

PPI of 'Agronomy, Horticulture' Up 14.2% in Q1

EghtesadOnline: The Producer Price Index for the “agronomy, horticulture and traditional husbandry” group in the four-quarter period to June 20, which marks the end of the first quarter of current fiscal year, increased by 14.2% compared with the year before, new data released by the Statistical Center of Iran show.
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Publish Date: 16/August/2020 | 15:06

Milak Border Crossing Reopens

EghtesadOnline: A number of trucks entered Milak border crossing into Iran to mark its reopening after repeated opening and closing last week, according to Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi.
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Publish Date: 16/August/2020 | 15:00

VAT Exemption for Mid-Level Lodging Properties Becomes Law

EghtesadOnline: The Guardians Council—a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has approved the parliament’s bill on exemption of value added tax on services offered by mid-level lodging properties, including three-star and lower-rated guesthouses, apartment hotels as well as travel agencies offering Iran tours to foreigners that have secured permits from Iran’s Cultural Heritage, Handicrafts and Tourism Ministry, or related guilds.
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Publish Date: 16/August/2020 | 14:09

Regular Liner Services With Russia to Start in September

EghtesadOnline: Two container ships are scheduled to start sailing from Russia’s Astrakhan to Iran’s port of Anzali in September as per a decision by the International North-South Corridor Taskforce, which includes Lotus Special Economic Zone of Astrakhan, Russia, and Iran’s Anzali and Chabahar FTZs, says Seyyed Jalil Jalalifar, a member of Iran-Russia Chamber of Commerce.
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Publish Date: 16/August/2020 | 11:25

Air Traffic Normalizing

EghtesadOnline: Latest data released by Iran Airports Company show international air traffic in Iran is beginning to experience growth after the spread of coronavirus brought significant slump in both passenger and cargo sectors.
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Publish Date: 16/August/2020 | 11:22

Central Bank of Iran Demands: Balancing Act of Banks

EghtesadOnline: Governor of Central Bank of Iran says the bank has been struggling to reform the banking system long saddled with mismanagement and financial indiscipline.
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Publish Date: 16/August/2020 | 11:20

Tehran Province Accounts for 56% of Iran’s Tax Revenues

EghtesadOnline: Tehran Province is expected to earn 1,000 trillion rials ($4.47 billion) of the total 1,800 trillion rials ($8.05 billion) of tax revenues projected for the current fiscal year (March 2020-21), says Mohammad Reza Nouri, the head of Tehran Tax Office.
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Publish Date: 15/August/2020 | 09:15

Iran's CB Again Raises Lower Bound of IRC

EghtesadOnline: The Central Bank of Iran again raised the lower bound of interest rate corridor (IRC) in the interbank market to further narrow the interbank interest rate spread.
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Publish Date: 15/August/2020 | 09:13

$1b Invested in Industrial Projects

EghtesadOnline: A total of 22.61 trillion rials ($1 billion) are estimated to have been invested in projects for which operating licenses were issued during the first three months of the current Iranian year (March 20-June 20), indicating a 102.1% upsurge year-on-year.
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Publish Date: 13/August/2020 | 10:58

Dairy Overseas Revenues Top $150m During March 20-July 21

EghtesadOnline: A total of 152,576 tons of dairy products worth $154 million were exported from Iran to 30 countries during the first four months of the current Iranian year (March 20-July 21), according to the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date: 13/August/2020 | 10:55

Q1 Industrial Chicken Farms’ PPI Up 12%

EghtesadOnline: The average Producer Price Index for industrial chicken farms in the first quarter of the current Iranian year (March 20-June 20) increased by 16.12% compared with the corresponding quarter of last year.
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Publish Date: 13/August/2020 | 10:53

Q1 Electricity PPI Inflation at 9.91%

EghtesadOnline: The Producer Price Index for the electricity sector in the four-quarter period ending June 20 increased by 9.91% compared with the same period of last year, according to data reported by the Statistical Center of Iran.
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Publish Date: 13/August/2020 | 10:51

Iron Ore Pellet Output Rises to 14.8m Tons YOY

EghtesadOnline: A total of 14.79 million tons of iron ore pellets were produced in Iran during the first four months of the current fiscal year (March 20-July 21) to register a 2% rise compared with last year's corresponding period.
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Publish Date: 13/August/2020 | 10:45

Majlis Rejects Industries Ministry Nominee

EghtesadOnline: Iran’s conservative-dominated parliament voted against President Hassan Rouhani’s pick for the post of industries, mining and trade minister in its Wednesday session.
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Publish Date: 13/August/2020 | 10:36

Tehran Housing Inflation at 46.4%

EghtesadOnline: Tehran’s housing Consumer Price Index in the 12-month period ending July 21, which marks the end of the fourth Iranian month, increased by 46.4% compared with the corresponding period of last year, latest data released by the Statistical Center of Iran show.
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Publish Date: 13/August/2020 | 09:24

Central Bank of Iran Sees Reason in Gov’t Oil Presale Proposal

EghtesadOnline: The governor of Central Bank of Iran has backed a government crude oil presale plan of action for domestic buyers, saying that it is one of the few government options to fund the budget deficit in a “healthy” manner.
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Publish Date: 13/August/2020 | 09:22

$3.5b in Q1 Industrial Investments Expected

EghtesadOnline: A total of 784.02 trillion rials ($3.58 billion) worth of investments are expected to be made in industrial units, for which establishment permits were issued during the first three months of the current Iranian year (March 20-June 20), registering an increase of 37.3% compared with the similar period of last year.
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Publish Date: 12/August/2020 | 10:36

468 Industrial Units Revived Since March 20

EghtesadOnline: Atotal of 468 inactive industrial units across Iran have resumed operations from the beginning of the current fiscal year (March 20) to August 10 with the support of Iran Small Industries and Industrial Parks Organization, affiliated to the Ministry of Industries, Mining and Trade.
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Publish Date: 12/August/2020 | 10:31

Iran Steel Heavyweights' Exports Down 44% to 1.28m Tons

EghtesadOnline: Iranian heavyweight steel producers exported a total of 1.28 million tons of finished and semi-finished steel products, including beam, rebar, ingot, slab, hot and cold-rolled coils, and coated coils, during the first four months of the current Iranian year (March 20-July 21) to register a 44% decline compared with last year’s corresponding period.
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Publish Date: 12/August/2020 | 10:28