Economy ministry offers banking reform plan to govt.

TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand said a program for amending the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

Paper production up 2.3% in 5 months on year

TEHRAN- Production of paper in Iran rose 2.3 percent during the first five months of the current Iranian calendar year (March 21-August 22) compared to the same period of time in the previous year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.

Manufacturing of refrigerators, freezers rises 13.6% in 5 months on year

TEHRAN- Manufacturing of refrigerators and freezers in Iran during the first five months of the current Iranian calendar year (March 21- August 22) has risen 13.6 percent from that of the same period of time in the previous year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.

Industry ministry to eliminate nearly $10b of imports by 2023

TEHRAN - Iranian industry minister said by the Iranian calendar year of 1402 (starts in March 2023) nearly $10 billion worth of imports in the country’s industrial sector will be prevented by replacing them with domestically-made products.

Industry ministry takes steps to reform auto sector

TEHRAN – Iranian industry, mining and trade minister said reforming the country’s auto industry requires collaboration of all sectors and the ministry has taken steps in this regard, Shata reported.

Iran targets $50b in exports to neighboring countries

TEHRAN – Iranian Deputy Industry Minister Hossein Modares Khiabani said his ministry has it on the agenda to increase the value of exports to Iran’s 15 neighbors up to $50 billion, Tasnim news agency reported on Saturday.

34 industrial units inaugurated in Tehran Province

TEHRAN- On the occasion of the Government Week (August 24-30), 34 industrial units were inaugurated in different areas of Tehran Province on Tuesday, IRNA reported.

Steel products output up 11.6% in 4 months on year

TEHRAN- Production of steel products in Iran has risen 11.6 percent during the first four months of the current Iranian calendar year (March 21-July 22), from that of the same period of time in the past year, IRNA reported citing the data released by the Industry Ministry.

Industry ministry takes major steps for promoting domestic production, exports

TEHRAN – Iran’s Ministry of Industry, Mining and Trade has implemented several programs for promoting domestic production and increasing exports in the current Iranian calendar year.

Manufacturing of refrigerators, freezers rises 15.6% in 4 months on year

TEHRAN- Manufacturing of refrigerators and freezers in Iran during the first four months of the current Iranian calendar year (March 21- July 22) has risen 15.6 percent from that of the same period of time in the previous year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.

Industry ministry to revive 2,000 idle production units

TEHRAN – Iranian Industry, Mining and Trade Ministry plans to revive 2,000 idle production units by the end of the current Iranian calendar year (March 20, 2020), IRIB reported.

Industry ministry offering special incentives to foreign investors

TEHRAN – Iranian Minister of Industry, Mining and Trade has voiced the country’s readiness for providing special incentives for participation of foreign investors in the country’s various industrial and mining projects.

Bank loans to industrial, mining sector up over 41%

TEHRAN - Banks and credit institutions provided the industrial and mining sector with 300 trillion rials (about $7.14 billion) worth of loans in the first two months of the current Iranian year (March 21-May 21), registering a 41.5 percent rise year-on-year.

BY: Ebrahim Fallahi

Iran to increase commercial attachés in region

TEHRAN – Iran’s new deputy industry minister in trade affairs, Hossein Modares Khiabani, said following the government’s policies for increasing the country’s trade with the neighbors, 10 new commercial attachés are going to be sent to neighboring countries.

26% rise in industrial unit establishment permits

TEHRAN- Issuance of permits for setting up industrial units in Iran increased 26 percent in spring, which corresponds to the first quarter of Iranian calendar year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.

Over $395m of foreign investment projects ratified in 2 months

TEHRAN - Iran’s Industry, Mining and Trade Ministry has approved 14 new foreign investment projects, worth $395.868 million during the first two months of the current Iranian calendar year (March 21-May 21), IRNA reported.

‘Regulations required to remove production barriers’

TEHRAN- In a live TV program on Monday night, Iranian Deputy Industry, Mining and Trade Minister for Industrial Affairs, Farshad Moqimi, stressed that the regulations should be in a way that remove the barriers in the way of production, IRIB reported.

‘Preserving production units is top priority of industry ministry’

TEHRAN- Preserving the existing production units in the country is the top priority of Iranian Ministry of Industry, Mining and Trade, IRIB quoted Mohammadreza Fayaz, the advisor to industry, mining and trade minister, as saying on Sunday.

‘Preserving production is priority in steel sector’

TEHRAN- Preserving production is the priority in steel sector of the country, ILNA quoted Iranian Deputy Industry, Mining and Trade Minister for Mining Affairs Jafar Sargini as saying on Saturday.

Industry ministry outlines plans for improving productivity

TEHRAN – Iranian ministry of industry, mining and trade has outlined 35 plans covering seven major areas for developing the country’s industry and mining sectors, on the occasion of the National Day of Industry and Mining which is due on July 1.