Energy Economy

The Central Bank of Iran (CBI) announced that the debt the country owes to foreign creditors has decreased by 7 percent in the past two months. despite all economic pressures and sanctions of Washington against Tehran.

More than 728.000 tons of non-oil commodities have been exported from the central Iranian province of Markazi in the first 5 months of the current local calendar year. which shows a 14% rise in comparison with corresponding period in last year.

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati met and held talks with his Syrian counterpart Hazem Karfoul on development of economic and business relations.

Statistics showed that Iran Khodro Industrial Group (IKCO) manufactured 136.307 passenger cars in the first five months of the current Iranian calendar year (March 21 – August 21).

Iranian Energy Minister Reza Ardakanian says a new trade deal between Iran and the Eurasian Economic Union (EAEU) will contribute to boosting the country’s non-oil exports.

Acting Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboum said that Preferential Trade Agreement (PTA) between Islamic Republic of Iran and Eurasian Economic Union (EAEU) will be implemented in Nov. 2019.

A score of Emirati companies are attending Damascus International Trade Fair. months after it reopened its embassy in the Syrian capital.

The latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) showed that Iran’s foreign trade volume in the first five months of the current Iranian calendar year (March 21 – August 21) has reached $35.539 billion.

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

Governor of Iran’s Central Bank aid that Tehran’s policies have fruited result and the country is now enjoying a stable economy 16 months after US President unilaterally withdrew Washington from the nuclear deal and later imposed tough sanctions against.