CBI official calls for banking economic relations with Germany

Vice-President of Central Bank of Iran Akabr Kamijani called for expansion of economic and banking cooperation with Germany. In a meeting with the members of Bavarian delegation including business and industry officials here on Wednesday, he noted that sanctions damaged the benefits of Iran’s European banking partners while establishment of…

Iran has established relations with new European banks

After announcement of ‘Implementation Day’ of the nuclear deal in January, Iran has established banking relations with new European banks in Italy and Austria, a senior banking official said here Monday. Hossein Yaqoubi, international affairs’ director at Central Bank of Iran (CBI), told reporters that the Iranian banks are not…

Nahavandian: Iran cooperates with investing countries

Presidential Chief of Staff Mohammad Nahavandian said on Thursday that the Islamic Republic of Iran is to broaden cooperation with those countries mind to do investment in Iran. Nahavandian made the remarks in a meeting with UK Minister of Trade and Investment Lord Francis Maude, in London on Thursday. Implementation…

Dy minister calls for modernization of oil industry to boost output

Following implementation of the Joint Comprehensive Plan of Action and the removal of sanctions, Iran has been provided with an opportunity to import new and sophisticated technologies to boost energy production, says deputy oil minister. ‘Following the implementation of the JCPOA Iran can regain its position as the main regional…

Iran trade delegation off to Germany

A 60-member trade delegation from Tehran Chamber of Commerce is to travel to Germany today. The Iranian delegation is to visit Germany at the invitation of economic activists in German state of Bavaria. Located in southeast of Germany, Bavaria is the largest state in that country. Tehran’s German visit is…

Austrian company ready for joint automatic transmission production

An Austrian company engaged in making auto parts voiced readiness for joint production of automatic transmission during a conference of the economic activists of Iran and the Austrian state of Steiermark on Wednesday. During the conference hosted by Tehran Chamber of Commerce, Industries, Mines and Agriculture, some 50 economic activists…

Bank Mellat opens European accounts to collect oil dues

Bank Mellat of Iran took initiative to open accounts with the European banks in order to collect overdue payments of the National Iranian Oil Company (NIOC) worth 1.2 billion euros. It has also opened other accounts with foreign agent banks in Europe and Asia in a bid to facilitate receipt…

US Treasury lifts sanctions imposed on Iran’s Central Bank, oil trade

The US Department of the Treasury released a set of documents, which define the sanctions lifted from Iran, including the restrictions imposed on Central Bank of Iran and National Iranian Oil Company (NIOC). The move was made because of the Joint Comprehensive Plan of Action (JCPOA) implementation which has officially…

Seif: 10-15 pc decline in cost of exchanges is JCPOA implementation’s result

Governor of the Central Bank of Iran (CBI) Valiollah Seif said on Monday that 10 to 15 percent fall in the cost of exchanges is the most immediate result of implementation of the Joint Comprehensive Plan of Action (JCPOA). Talking to reporters, Seif said the fall in the expenditures will…

Cooperation with Czech Republic will accelerate economic growth

East Azarbaijan Governor General Esmaeil Jabbarzadeh said on Tuesday that cooperation with Czech Republic will help fulfillment of economic objectives. Jabbarzadeh made the remarks in a meeting with Czech Minister of Industry and Trade Jan Mladek. He said that East Azarbaijan province’s capacities are widescale and that many efforts were…