EghtesadOnline: Governor of the Central Bank of Iran says Iran and Russia have connected their financial messaging services to handle two-way banking transactions.
EghtesadOnline: The new head of INSTEX, Michael Bock, who was in Tehran this week, says some small European banks are willing to join the barter trade mechanism.
EghtesadOnline: Iran’s long-term unemployed population reached 37.8% of the total number of jobless in the last fiscal year (ended March 20, 2019).
EghtesadOnline: Economic analysts and businesspeople have time and again called for reforming Iran’s decades-old Trade Law. However, they also strongly disapprove of legislators’ ongoing rush to pass the new reform bill.
EghtesadOnline: Chronic inflation, which stems from economic imbalances, ruins economic growth, Masoud Nili, a prominent economist and professor of economics at Sharif University of Technology, says.
EghtesadOnline: Iranian small- and medium-sized enterprises exported €1.3 billion worth of non-oil commodities during the first five months of the current Iranian year (March 21-Aug. 22).
EghtesadOnline: Iran’s commercial exchanges with Russia amounted to $1.33 billion in the first seven months of 2019, indicating a 24.6% rise compared with the corresponding period of 2018, according to the Federal Customs Service of Russia.
EghtesadOnline: Total energy produced in Iran in 2016 was equal to energy that is produced by burning 3.4 billion barrels of crude oil, up 18% compared to 2015.
EghtesadOnline: PMI for the fifth month of the current fiscal year (July 23-Aug. 22) settled at 45.79 from 50.07 in the preceding month (June 22-July 22), indicating a 4.28-point or 8.54% decline month-on-month.
EghtesadOnline: The Economic Security Police Department of the Islamic Republic of Iran Law Enforcement Force started anti-smuggling operations at nine sea border crossings, one air border and three land border crossings of the country on Monday.