TEHRAN – The governor of the Central Bank of Iran (CBI) said on Monday that his bank is focusing all its efforts to remove the currency-related barriers in the way of the country’s private sector and cooperatives’ trade activities, IRIB reported.

“The private sector and cooperatives are the driving force behind the country's economic growth, and the central bank is working to eliminate all the currency-related barriers in"...

C entral Bank of Iran has allocated up to 700 trillion rials ($5.3 billion) to companies via the CBI’s new funding scheme dubbed the ‘Productive Credit Certificate’, the bank’s governor said.

The CBI will launch the new scheme, better known by its Persian acronym Gam, in the coming week that starts on Saturday, according to Abdolnasser Hemmati.

Gam is"...

I ran and Romania traded a total of $97 million worth of commodities during the first three quarters of 2019 to register an 80% decline compared with the $485 million recorded in the corresponding period of 2018, according to the deputy head of Iran Chamber of Commerce, Industries, Mines and Trade for international affairs.

“Our main imports from Romania include raw industrial materials, metallic minerals, oil products and plastic artifacts. In"...

T ehran stocks rebounded at the end of trading week on Wednesday after two sessions of price corrections sparked by bleak quarterly reports.

Tehran Stock Exchange eked out a 1.2% gain for the day climbing more than 5,200 points to close trade at 411,211.48.

While many listed companies posted losses in the financial reports for the third quarter of fiscal year (Sept. 23- Dec."...

I ran has launched the production of vegetable seeds, according to the Agriculture Ministry’s caretaker, Abbas Keshavarz.

“The Agriculture Ministry is carrying out this project in collaboration with the Vice-Presidency for Science and Technology. Five companies are currently involved in the project,” the official was quoted as saying by Fars News Agency.

Keshavarz"...

S outh Khorasan Province registered the lowest unemployment rate of 5.4% among all Iranian provinces in the third quarter of the current Iranian year (Sept. 23-Dec. 21, 2019) while Kermanshah Province had the highest rate of 16.3%.

Tehran Province, wherein lies the capital city, registered a 9.4% unemployment rate, the Statistical Center of Iran's latest report on Iran's labor market shows.

Thirteen"...