EghtesadOnline: Net income of listed companies in Iran’s capital market increased by almost 140% in the previous fiscal year that ended in March compared to the year earlier.
EghtesadOnline: In three years from April 2018 to March 2021, an estimated 24,000 Iranian export companies returned their foreign earnings.
EghtesadOnline: Fixed income investment funds are henceforth obliged to allot a bigger portion of their portfolios to stocks and proportionately reduce the quota for investment in bonds.
EghtesadOnline: The average income of households living in urban areas of Tehran stood at 813.17 million rials ($2,951) in the last fiscal year (March 2019-20), the highest among all Iranian provinces.
EghtesadOnline: The bigger share of durable goods (automobiles, household goods, etc.) in the consumer basket of high-income deciles is one of the reasons behind the inflation gap between income deciles, Javad Hosseinzadeh, the head of the Statistical Center of Iran, said.
EghtesadOnline: Visible inequality in income distribution aside, Iran’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever.
EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 6.5% in the sixth Iranian month (Aug. 22-Sept. 21), indicating a 1.1 percentage point increase compared with the previous month.
EghtesadOnline: Tax revenues to government public budget resources increased from 35.1% in the year ending March 2019 to 37.5% in the year ending March 2020, as tax revenues to current expenditure ratio also improved from 2.45% to 8.47% during the fiscal 2019-20.
EghtesadOnline: Iranian households living in urban areas spent an average of 474,379,000 rials ($2,405) in the last Iranian year (March 2019-20), 20.6% more than in the preceding year, the Statistical Center of Iran's latest report shows.
EghtesadOnline: The Central Insurance company of Iran in charge of regulating the industry, has released a report on the performance of the key sector in the previous fiscal year (March 2019-2020) saying insurers reported 35.7% growth in their premium income compared to the year before.