EghtesadOnline: An estimated 2.2 million tons of finished and semi-finished steel products were exported from Iran in the first three months (March 21-June 20) of the current fiscal year, showing 12.2% year-on-year decrease, according to a report released by the Iranian Steel Producers Association.
EghtesadOnline: The Iranian government’s policy of granting subsidized foreign currency at the rate of 42,000 rials per US dollar to import pharmaceuticals and medical equipment is distorting the economic process and its furtherance will prove counterproductive, as it will impede the development of the industry.
EghtesadOnline: The Special Trade and Finance Institute, the Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange (INSTEX), is testing the payment channels for the import and export of goods, according to the CEO of the institute.
EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed by importing oil from Iran to ensure its sustainable operation.
EghtesadOnline: Despite major obstacles the United States has created for Iran's energy customers, Iraq continues to purchase gas and electricity from Iran and pay for it.
EghtesadOnline: Yazd Province in central Iran has launched the farming project of Murciano-Granadina goats, after importing 1,200 of this breed of dairy goats from Spain on May 21.
EghtesadOnline: Iraq’s gas imports from Iran will rise to 35 million cubic meters per day in June from 28 mcm, a spokesman for the Iraqi Ministry of Electricity said Tuesday.
EghtesadOnline: South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
EghtesadOnline: The Central Bank of Iran is going to launch a mechanism for tracking forex allocated to the import of essential goods to ensure importers fulfill their commitments for which they acquired foreign currency, the CBI governor said.
EghtesadOnline: The rise in the retail prices of goods that used the government’s subsidized foreign currency at a rate of 42,000 rials per US dollar (about three times cheaper than the market rate) was no less than in other consumer goods.