EghtesadOnline: The government’s budget deficit (the excess of spending over revenue) is estimated to reach 3,190 trillion rials ($12.26 billion) as per the budget bill of next fiscal year (March 2021-22), i.e. five times the projected figure of the current year, says top advisor to the president of Tehran Chamber of Commerce, Industries, Mines and Agriculture and former official with Industries Ministry.
EghtesadOnline: The upstream steel industry registered growth in the production of iron ore concentrate, pellet and direct reduced iron during the first seven months of the current fiscal year (March 20-Oct. 21), latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show.
EghtesadOnline: An agreement has been signed between the Ministry of Industries, Mining and Trade, Bank of Industry and Mine, and Mining Investment Insurance Corporation (MICO), based on which loans worth 6 trillion rials ($20 million) will be extended to help revive inactive mines across Iran.
EghtesadOnline: A new report released by the Iranian Mines and Mining Industries Development and Renovation Organization shows mineral products (excluding oil and its byproducts) accounted for more than one-fifth of Iran's total non-oil exports in the last fiscal year (March 2019-20).
EghtesadOnline: The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its affiliated organizations have signed 219 research and development agreements with universities since the last Iranian year (started March 2019).
EghtesadOnline: Contraband cosmetics and toiletries currently account for 70% of the Iranian market, which a direct result of the government’s ban on imports of these products since May 2019, a member of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold four specialized courses on global trade, negotiation psychology, payments during sanctions and commerce.
EghtesadOnline: A total of 2,587 rubble stone mines have been registered in Iran to date, constituting around 25% of the country’s total mines, data provided by the Ministry of Industries, Mining and Trade show.
EghtesadOnline: Iranian coal mines had an aggregate output of 340,144 tons of coal concentrate during the first three months of the current Iranian year (March 20-June 20), latest data released by the Ministry of Industries, Mining and Trade show.
EghtesadOnline: The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce Industries, Mines and Agriculture, is scheduled to hold three specialized courses on stock market, digital marketing and doing business internationally.