Economy

Hungary’s economic presence in Iran is expanding, the Hungarian daily Politics quoted Economy Minister Mihaly Varga as saying.

The Iranian government has expressed interest in boosting…

The 12th meeting of Azerbaijan-Iran intergovernmental commission for economic, trade and humanitarian cooperation will be held in Iran’s Astara city in late December, the Azerbaijani Economy…

Ford Motor Co will launch 50 new vehicles in China by 2025, including 15 electrified vehicles, the US firm said at an event in Shanghai on Tuesday, as it looks to rev up sales growth in the…

Germany and Italy are opposing a move to give the EU more supervision over the way national car regulators approve new cars for sale in the bloc, according to EU documents and sources.

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Hungarian bus manufacturer Ikarus and the Iranian City Industries and Mines Development Group (City IMD), affiliated to Shahr Bank (City Bank), have signed a memorandum of understanding to…

Peugeot has agreed to set up a joint venture with Japan’s Nidec Corp. to develop and produce automotive electric traction motors. Peugeot and Nidec’s French subsidiary Nidec Leroy-Somer Holding…

Natural gas production is slated to commence at Phase 14 of South Pars Gas Field in the beginning of next year, director of Phase 14 said, a positive step in plans to launch all development…

The two high-demand currencies, namely euro and dollar, continued their rallies on Monday to register record highs against the rial.  The euro gained against rial on Tuesday to mark the…

Iran's biggest annual insurance event played host to two ministers on Monday, one of whom vowed that he will be a catalyst rather than an impediment to insurance privatization for the country to…

As the Iranian private sector has been allowed, for the first time since the 1979 Islamic Revolution, to select its best exporters, both officials and senior business figures used the occasion…

The senior officials of Iran and China emphasized on reducing the US dollar’s role in their bilateral trade.

A consortium of Chinese and Hong Kong companies has signed an agreement with Iran's Industrial Development and Renovation Organization for a joint venture to produce solar photovoltaic panels in…

Iran-Hungary trade is estimated to reach $100 million by the end of the current Iranian year (March 20, 2018), Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari said in a…

Iran’s flower and ornamental plants production has had an uptrend in recent years, going up from 2.33 billion stems in the fiscal 2015-16 to 3.31 billion stems in 2016-17 to register a 41%…

Securities and Exchange Organization’s attempts to regulate fixed-income funds have so far proved fruitless and consequently prevented the debt market from growing and realizing its potential.…

Tehran Stock Exchange’s main index shed 15.20 points or 0.02% to end Monday trade at 90,936.6.

About 800 million shares valued at $46.32 million changed hands for the day.

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Close to 191,000 tons of non-oil goods worth $103 million were exported from Iran’s northwestern port city of Astara during the eight months of the current Iranian year (March 21-Nov. 21),…

Iran’s economy is expected to experience a 4-5% growth in the current fiscal year to March 20, 2018, Central Bank of Iran’s Vice Governor Akbar Komijani said. “Since we have exhausted growth in…

Deputy Minister of Industries, Mining and Trade Mojtaba Khosrotaj is in Madrid at the head of a 60-member delegation to attend the first Iran-Spain Economic Commission and discuss prospective…

Iran ranks 72nd among 137 countries in the 2018 Global Entrepreneurship Index report, carried out by the Global Entrepreneurship and Development Institute, which shows a 13-notch improvement…

Trade between Iran and BRICS member countries amounted to $18.26 billion during the eight months to Nov. 22, which comprises one-third of Iran’s non-oil trade during the period.

The…

Iran has offered India management rights for Phase 1 of Chabahar Port launched by President Hassan Rouhani on Sunday in the presence of India’s Minister of State (Shipping) Pon Radhakrishnan a…

German carmaker Volkswagen is in talks to buy a stake in Gorkovsky Avtomobilny Zavod, a Russian manufacturer of light commercial vehicles, five sources familiar with the talks told Reuters.

Battery prices need to drop by more than half before electric vehicles will be competitive with cars powered by internal-combustion engines.

That is likely to happen by 2026, when the…

A new guideline on auto imports has been proposed pending government approval, says the director of the Trade Promotion Organization of Iran. Mojtaba Khosrotaj says, “The government will make…