Iran, Azerbaijan ink agreement on power exchange
A document on exchanging and merchandizing electricity was signed between Iran and Azerbaijan here on Tuesday. The document was signed by the two sides’ officials in the presence of Iran’s Minister of Communications and Information Technology Mahmoud Vaezi and visiting Azerbaijan’s Minister of Economic Development Shahin Mustafayev. According to the…
Iran, Russia to sign monetary agreement
Minister of communications and information technology said here Tuesday that Iran and Russia will sign a joint monetary agreement. Mahmoud Vaezi told IRNA after his meeting with visiting Russian Minister of Industry and Trade Denis Manturov. Such agreement is aimed to facilitate exchange of Iran’s rial and Russia’s ruble, Vaezi…
Energy minister: Georgia should use Iran’s economic capacities
Georgia’s Energy Minister Kakha Kaladze underlined the need for making optimum use of Iran’s existing potentials. ‘Iran is full of different natural reserves and Georgia can use them due to its geopolitical location,’ Kaladze said on Monday. He reiterated that Georgia has planned to start negotiations with Iran on the…
Iran-Austria commercial cooperation up 20 percent
Commercial Attache at Austrian Embassy Thomas Moschig said on Monday that Iran-Austria commercial cooperation has shown 20 percent increase compared to the past. Addressing the Seminar of Introduction of Economic and Business Opportunities in South Khorassan Province and Iran-Austria Cooperation, Moschig said despite sanctions, Austrian traders and businesspersons are inclined…
Iran capable of becoming Islamic countries’ economic hub
Head of Islamic Monetary Association Ali Salehabadi said here on Monday that Iran has capacity of becoming the Islamic countries’ economic hub in the Middle East, adding that 1st international gathering of that association will be held in Tehran on Dec 27. Speaking in a press conference on the establishment…
Two Iranian firms atop Asian E-trade dealers
Central Bank of Iran (CBI) announced that Iran’s Switch Shaparak and Chakavak are now at the top of best Asian electronic trade dealers. The CBI has reported that the Switch Shaparak had ranked 1st as the best state trade dealers and Chakavak 3rd as a private sector e-trade dealer in…
Min: Iran-Azerbaijan power network connection to lead to their link with other countries’ networks
Minister of Communications and Information Technology Mahmoud Vaezi said on Monday that connection of Iranian and Azeri power networks in next month will lead to linking them with Russian and Georgian electricity networks. Speaking to reporters on the sidelines of the Iran-Azerbaijan Joint Economic Commission session, Vaezi said the meeting…
Iran, Russia ink business agreements
Iran and Russia signed two Memorandum of Understanding on Monday for economic cooperation on the sidelines of Russian National Exhibition in Tehran International Fair. The signatories to the agreement were Russian Trade and Industry Minister Denis Manturov and Iran’s Minister of Industries, Mining and Trade Mohammad-Reza Nematzadeh. The two sides’…
Moscow to discuss setting up helicopter after-sales service with Tehran
Moscow plans to discuss setting up and development of an after-sales service system in Iran for helicopters produced in Russia, the Russian Helicopters department, a subsidiary of the Russian state technology company Rostec, announced on Monday. According to the Russian News Agency Sputnik, the industrial exhibition ‘Trade and Industrial Dialogue:…
Changes of forex rates and CBI’s responsibility
Every now and then, Iranian politicians and economic experts react to fluctuations in the rial’s parity rate against that of the dollar, demanding the government or the Central Bank of Iran to stem the decline in the national currency’s value. Apparently, such reactions stem from an old belief that relationship…
