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Peugeot likely to finalize Iran deal Wednesday

Iran Khodro and Peugeot will likely finalize an initial deal for €500 million in joint investment in Iran during President Hassan Rouhani’s visit to France on Wednesday, a report said. Under the 50-50 joint venture, the two carmakers will produce Peugeot 2008 crossover, 208 super and 301 compact, Tasnim News…

Russia, Iran to negotiate joint venture investment in food trade

Iran is ready to cooperate with Russia on joint venture investment in seafood industry and trade. The Federal Agency for Fishery (Rosrybolovstvo) said that Russian Minister of Agriculture of the Russian Federation Alexander Tkachev in his talks with Iranian Minister of Agricultural Jihad in Tehran reviewed ways to develop joint…

OPEC output falls in December

The latest Platts survey of OPEC and oil industry officials and analysts show that oil production from the Organization of the Petroleum Exporting Countries and certain OPEC members fell in December, while Iran’s output was on the rise. Platts survey said oil production from the Organization of the Petroleum Exporting…

Poland envoy calls for expansion of economic cooperation with Iran

Polish Ambassador to Tehran Juliusz Gojlo on Sunday called for expansion of economic and trade cooperation with Iran. He made the remarks in a meeting between Polish economic and trade delegation with Alborz province Chamber of Commerce. Gojlo said that Poland has economic capabilities, especially in the field of small…

Expert: Iran, Italy expanding economic ties in post-sanctions era

An Italian expert said on Monday that Tehran and Rome are resolved to increase their relations in post-sanctions era. Talking to IRNA on Monday, the expert who wished to remain anonymous, said that given that many prosperous entrepreneurs are busy working in Tehran, the ground is quite apt for activities…

Foreign investors to develop international Airport

Abbas Ahmad Akhoundi, Iranian Minister of Roads and Urban Development, said at a press conference on Sunday morning that “one foreign company has expressed willingness to undertake expansion of IKIA while more details will be announced upon signing of a contract.” Referring to the country’s aircraft demand, Akhoundi asserted “we…

CBI governor: Preparations made for opening 1,000 LCs

Governor of Central Bank of Iran (CBI) Valiollah Seif said on Tuesday that preparations have been made for opening up 1,000 Lines of Credit (LCs). Speaking to reporters on the sidelines of a gathering of non-governmental entrepreneurs, Seif said that the process of opening LCs began on Monday. Noting that…

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…

Slovakia interested in buying Iranian gas: Deputy Minister

Deputy Petroleum Minister for International Affairs and Commerce Amir-Hossein Zamani-Nia said on Tuesday that Slovakia is interested in buying natural gas from Iran as gas exports to Europe is regarded a strategy by both Tehran and the green continent. Speaking to Shana after a meeting with the visiting Slovak Deputy…

Iran, India to expand energy, railway, port ties

Energy Minister Hamid Chitchian said that Iran and India are ready to cooperate in the fields of renewable energies, development of Chabahar port as well as Iran’s railways. After a meeting with Minister of Women and Child Development of India Maneka Sanjay Gandhi here on Tuesday, he told reporters that…