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Economy minister underlines need for foreign investment in Iran

On November 3, 2015, Posted by , In News, With No Comments

Minister of Economic Affairs and Finance Ali Tayyebnia said Tuesday that Iran needs foreign investments to reach a proper economic growth. Tayyebnia was speaking during a gathering of Iranian ambassadors to foreign countries and envoys to international organizations in Tehran. ‘We expect Iranian ambassadors to introduce Iran’s investment capacities to…

Central Bank: Recession of Iranian economy over

On November 3, 2015, Posted by , In News, With No Comments

Central Bank of Iran said on Monday that the recession of Iranian economy was over in the year 2014 when the negative economic growth turned into positive. According to the CBI, the official economic growth of the four seasons of the country in the Iranian year 1393 (March 20, 2013…

German Firms Ready for Resumption of Iran Ties

On November 3, 2015, Posted by , In News, With No Comments

Deputy Minister-President of the German state of Bavaria and Minister for Economic Affairs, Media, Energy and Technology Ilse Aigner said the German firms including Bavarian companies will not miss the opportunity to resume their ties with Iran as soon as the sanctions are lifted. “We are after restarting the relations…

Iran prepares to open up to foreign oil companies

On November 3, 2015, Posted by , In News, With No Comments

Iran is expected to outline the terms of new oil contracts this month that will allow foreign companies to take stakes in one of the last cheap and accessible oil and gas reserves in the world. Mehdi Hosseini, who heads Iran’s oil contracts revision committee, said Iran will welcome feedback…