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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…

Serbia urges development of commercial, economic ties with Iran

Serbian Embassy Charge d’affaires Branko Markoric said on Tuesday that in the wake of lifting sanctions, his country is interested in further promotion of commercial and economic cooperation with Iran. In a meeting with head of Alborz Chamber of Commerce, Branko Markoric put the volume of Serbian trade with Iran…

CHTHO to tap handicraft market with e-shopping portal

“The young generation welcome e-shopping and we aim to develop the handicraft industry by investing in this field,” CHTHO’s handicraft chief Bahman Namvar-Motlaq said during a meeting with managers of some well-known Iranian e-shopping portals on Sunday. “We are surprised by the growth of the handicraft industry over the past…

Germany to revive state guarantees for exports to Iran

World powers lifted sanctions over the weekend in return for Tehran’s compliance with a deal to modify its nuclear program, confirmed by the UN atomic watchdog on Saturday, Reuters reported. A spokesman for Economy Minister Sigmar Gabriel said export guarantees were now permitted again though some other issues had to…

Iran, Netherlands to expand technological ties in oil industry: Envoy

Dutch Ambassador in Tehran Susanna Terstal said that there is a vast potential for boosting ties between her country’s research firms with Iran’s Research Institute of Petroleum Industry (RIPI), saying that the sanctions’ removal paves the way for enhancing mutual ties between the Dutch research institutes with their Iranian counterparts….

Iran an important intersection of North-South, East-West corridors

Minister of Roads and Urban Development Abbas Akhundi in a meeting with Czech Minister of Industry and Trade of Czech Republic Jan Mladek said Iran enjoys an important role in connecting the East-West and North-South corridors. He said Tehran and Prague can cooperate in infrastructure projects including road, marine, airport,…

US firms can do Iran business via EU

The recent lifting of the economic sanctions against Iran has already started a rush among international corporations to start to set their feet in the country’s vast consumer market of around 80 million. While the European enterprises may be the first to benefit from the opening of Iran’s doors to…