Iranian bank opens office in Europe

In continuation of the banking openings after the nuclear deal between Iran and G5+1, Saman Bank opened its first branch in Rome, after the Central Banks of Iran and Italy had granted the necessary licenses. Saman bank opened its first agency in Rome in order to provide financing, investment, banking,…

Deputy Minister: Iran seeking offshore investment

Iran requires about 30 billion dollars of investment in offshore sector, Deputy Minister of Industry, Mining and Trade said on Monday. The Joint Comprehensive Plan Of Action (JCPOA) has paved the way for great projects in offshore and onshore sectors, said Mansour Moazzami, referring to the landmark agreements between Iran…

Iran world’s most affordable tourism destination

Foreign tourists in Isfahan’s ancient Imam Square. Iran’s tourism industry has been identified for a third straight year to have the most affordable prices in the world for foreign visitors.  A biannual report published by the World Economic Forum (WEF) gave Iran a score of 66.6 in terms of price…

Iran-Switzerland urge more economic cooperation on Eurasia

The vice president of Iran’s Chamber of Commerce in a meeting with his counterpart from Switzerland’s Canton Ticino urged the expansion of banking relations and utilizing Eurasia capacity for expanding trade between Iran and Switzerland. Pedram Soltani in the meeting with Marco Passalia pointed to an Iranian delegation’s visit to…

Iran exports to Europe up by 300% after JCPOA: EU

European Climate Action and Energy Commissioner Miguel Arias Canete addresses the first-ever Iran-EU Business Forum on Sustainable Energy in Tehran on April 29, 2017. (Photo by moe.gov.ir) Iran’s exports to the European Union have increased by over 300 percent after the implementation of the historic 2015 nuclear agreement between Iran and…

Iran’s Tavanir, South Korea’s KEPCO ink MoU

Transmission and Distribution of Electric Power in Iran (Tavanir) and South Korean KEPCO Company signed memorandum of understanding (MoU) in the field of electric industry here on Saturday. Managing Director of Tavanir Aarash Kurdi and Executive Vice-President for Overseas Operation of KEPCO Hyang-Reol Lyu signed the MoU. In a signing…

Iranian-European banks to establish long-term ties soon

Long-term relations between Iranian and European banks are expected to develop especially in financing civil engineering and production projects, Governor of Central Bank of Iran (CBI) Valiollah Seif announced. Seif made the remarks in the Fourth Iran-Europe Banking and Business Forum which was held on Saturday at IRIB’s International Conference…

Iran’s low foreign debt creates welcoming atmosphere for foreign investment

Vice Governor of Economic Affairs of the Central Bank of Iran said that the ratio between Iran’s foreign debt and GDP has reached 2.5 percent and the ratio between foreign debt repayment and export has reached 6.2 percent that creates an appropriate atmosphere for foreign investment attraction to Iran. Referring…

Iran inks 4 MoUs with Slovakia, Czech Republic

Iran inked four Memoranda of Understanding with Czech Republic and Slovak Republic to promote industrial investment and cooperation. The Industrial Development and Renovation Organization of Iran (IDRO) delegation visited Slovakia and signed a cooperation document with this country’s industry ministry and chamber of commerce. The delegation paid also a visit…

Official: No need for foreign investors concern for sanctions

Deputy Minister of Petroleum for International and Commerce Affairs Amir Hossein Zamaninia assured foreign investors that any possible upholding of anti-Iran sanctions would not influnece the businesses already existing before. “After the new US president took office, foreign investors questioned investments,’ Zamaninia said on sidelines of the 13th Iran’s International…