Increase in salaries: 10%

The Government of Iran confirms 10% increase in salaries for the next Iranian fiscal year, starting on 21 March. Proportionally to the inflation rate, every year the Government modifies the increase in salaries as it […]

Week in Brief

Iran Economy in Brief – No. 48

Iran sells gas-stations Following the privatization policies and plans in Iran, the National Oil Company of Iran has named 40 gas-stations in fifteen provinces for auction. Private companies could buy these gas-stations in a leasing […]

Week in Brief

Iran Economy in Brief – No. 47

More Petroleum for Iran President Rohani will officially inaugurate three more oil fields on south-west of Iran next to the Iraq border on Sunday. The production capacity of south-west fields now has reached 300 thousand […]

Week in Brief

Iran Economy in Brief – No. 46

Sunflower Beans: A Necessity for Football Nuts are popular among Iranians. One of the most beloved one is the roasted “sunflower beans”; there is also a particular occasion for it: it is essential when watching […]

Week in Brief

Iran Economy in Brief – No. 45

Three Foreign Banks in Iran Vice Governor of the Central Bank of Iran, Payman Ghorbani, has announced that three foreign banks have started the process of opening branches in Iran. These are Muscat SAOG Bank […]