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  • EghtesadOnline: Clothing and Shoes, one of 12 groups of goods and services surveyed by the Statistical Center of Iran, registered an annualized inflation rate of 48.6% in the second month of the current Iranian year (April 21-May 21).

  • EghtesadOnline: When the monthly inflation of Esfand [Feb. 20-March 20] and Farvardin [March 21-Apri 20] was published by the Central Bank of Iran, it was found that this inflation rate, which is 5-6%, alone is equivalent to the annual inflation of about 30 to 40 countri.

  • EghtesadOnline: The absence of an industrial strategy has prevented the country from moving in the direction of development. Without a plan, we are torn between what region to choose and what type of industry to focus on.

  • EghtesadOnline: Iran exported 1.41 million tons of goods worth $743.88 million to Russia in the fiscal 2022-23 (ended March 20), registering a 25% and 57% rise in weight and value respectively compared with the year before, according to the Islamic Republic of Iran Customs Administration.

  • EghtesadOnline: Tobacco, one of 12 groups of goods and services surveyed by the Statistical Center of Iran for calculating the inflation rate, registered a 6.4% annualized inflation rate in its Consumer Price Index in the second month of the current Iranian year (April 21-May 21) compared to the month before — the highest among the groups under review.

  • EghtesadOnline: The Sultanate of Oman and Iran signed two memoranda of understanding (MoUs) and two cooperation agreements in Sa’dabad Palace, Tehran, to enhance development and investments between the two countries.

  • EghtesadOnline: The government’s budget deficit will eventually lead to inflation and increase the exchange rate, but the point is that the government expenses will be paid from people’s pockets.

  • EghtesadOnline: Billet and bloom accounted for the lion’s share of semi-finished steel products exported from Iran in the last fiscal year (March 2022-23) with an aggregate of 5.32 million tons, up 4% compared with the year before.

  • EghtesadOnline: “Unpredictability and fluctuations in the prices of raw materials and products”, “difficulties associated with funding from banks” and “instability of policies, regulations and executive procedures related to businesses” affected Iran’s business environme.

  • EghtesadOnline: Five-year development plans (FYDPs) have been devised and approved for the past several decades.

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