EghtesadOnline: The European Union says more nations, both from in and outside the EU, have announced willingness to join the financial mechanism, known officially as Instrument in Support of Trade Exchange (INSTEX), designed to trade with Iran.
EghtesadOnline: The latest industrial purchasing managers’ index (PMI) surveys indicate that the Iranian economy relapsed to stagnation in the month ending June 21, despite a flurry of activity in many sectors during the previous month.
EghtesadOnline: A senior South Korean diplomat, who has been engaged in talks with the United States over Iran sanctions, said Seoul is hopeful that humanitarian trade with Tehran will come back on track in the near future.
EghtesadOnline: Iran’s unemployment rate, the proportion of jobless population of ages 10 years and above, stood at 10.8% in the first quarter of the current Iranian year (March 21-June 21), indicating a 1.3% decrease compared with the same period of last year.
EghtesadOnline: The latest data released by the Central Bank of Iran indicate that total liquidity crossed 18,828 trillion rials ($144.8 billion) by the end of the last fiscal year (ended March 20, 2019).
EghtesadOnline: Iran’s overseas debts have declined from $10.03 billion reported at the end of the fiscal third quarter (Dec. 21, 2018) to $9.3 billion by the end of the fourth quarter (March 20, 2019), indicating a 7% decline.
EghtesadOnline: Foreign natural entities are allowed to place an order for crude oil offered in Iran Energy Exchange (IRENEX), a move to facilitate foreigners’ participation in Iran’s energy market.
EghtesadOnline: Iran recorded a non-oil trade surplus of $1.3 billion in the first three months of the current fiscal year (started March 21).
EghtesadOnline: The Central Bank of Iran is working on plans to adjust policies regarding working capital granted to manufacturing units to ensure the loans are actually used for boosting production and staving off inflationary effects.
EghtesadOnline: Fewer than 4% of workers in Iran enjoy job security, the employees’ representative in Supreme Labor Council said.