The inking ceremony was held in the presence of Iran’s First Vice-President Eshaq Jahangiri and visiting Bulgarian Prime Minister Boyko Borissov.

Technology and communications, joint investment and industry have been the fields of the agreements.

Borissov, heading a high-ranking economic delegation, arrived in Tehran late on Sunday.

On Monday morning, he was welcomed by Jahangiri in the cultural and historical complex of Saadabad in north of Tehran.

Abdoulaye Magassouba is expected to arrive in Iran tomorrow to hold talks with Iranian officials on development of mining cooperation, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) declared in a statement released on Saturday.

Iran and Guinea Conakry are expected to hold a meeting on enhancement of cooperation in the Aluminum industry as the Islamic Republic is intended to provide the bauxite it needs for its Aluminum industry from Guinea Conakry.

Magassouba will meet with the Iranian Ministry of Industry, Mine and Trade high-ranking officials as well as IMIDRO and Foreign Ministry officials, the statement said.

The African official will also pay a visit to Iran’s research and mining centers.

The Shareholders and managerial board of the Societe des Bauxites de Dabola-Tougue (SBDT) in their recent joint General Assembly meeting agreed on resumption of activity of the SBDT as well as on extending the formerly reached agreements and mineral licenses.

Officials from the two countries inked industrial and mineral cooperation agreements on July 3, 2008.

As per the agreement, Guinea-Conakry undertook to supply the bauxite of the Iranian aluminum industry.

The German delegation accompanied by some officials at Iran-Germany Chamber of Commerce met with the Governor General of Kurdestan province Abdol-Mohammad Zahedi and Majlis Reprehensive from Sanandaj, Divandareh and Kamyaran Mehdi Far-Shadan on investment opportunities in the province.
The province is ready to fully support and absorb any types of foreign investments to help run local projects, Zahedi said.
Kurdestan has potentials to absorb foreign investments in industries, mineral industries, foodstuffs, processing industries, ferrous industries, agriculture, tourism industry and building construction, Zahedi said.

Valiollah Seif will visit Jens Weidmann President of the Deutsche Bundesbank in Frankfurt to investigate possible ways for deepening ties between Iran and Germany especially in the banking sphere.

Following the implementation of the nuclear deal between Iran and world powers, also known as the Joint Comprehensive Plan of Action, and the removal of western-imposed sanctions, the European countries started considering returning to Iran’s lucrative market.

German companies were among the first foreign that started negotiations to invest in Iran.

The trip by Iran’s CBI chief comes at a time that there are still financial and banking hurdles on the way of the Islamic Republic to resume full-fledged ties with the western countries.

Seif is also expected to hold talks with presidents of German banks and managers of some of the Germany-based Iranian companies.

The Italian delegation will come from Italy’s Marche province which located in the central part of Italy.

Italy has been Iran’s first trade partner in not remote years and the volume of the two countries’ trade exchanges hit 7.5 billion euros per year.

Iran and Italy signed 12 contracts to cooperate in trade in mid-April.

Chairman of Iran-Italy Chamber of Commerce, Industry and Mines Ahmad Pourfallah said the agreements were signed in the presence of Italian Prime Minister Matteo Renzi and Iranian Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh.

He said negotiations are also underway between Iranian and Italian trade delegations to discuss further cooperation in economy, trade and banking.

According to the official, the discussions include cooperation in oil, gas, electricity, power plant, steel, textile, fashion, car, infrastructure, urban planning and architecture, telecommunication, railway, airport construction, shipping, refinery, and petrochemicals.

He said the Italian economic delegation including 70 economic firms is the ninth delegation which traveled to Iran after the nuclear deal and the lifting of sanctions.

Bakhtar District Electricity Company (BDEC) will be responsible to generate, transfer and distribute electricity in three provinces of Lorestan, Markazi and Hamadan.
The government adopted the policy to generate renewable energies and in the context of the Sixth Five-Year Economic, Social and Cultural Development Plan, some 5,000 megawatts energy should increase to the national power generation capacity.
Minister of Energy Hamid Chitchian already told IRNA that at least 7,000 billion rials has been allocated for new energies.
A senior director of BDEC Alireza Sheikhi said that considering potential capability of the region for having 300 sunny day in the year and existed solar radiant energy in average of around 4.5 kilovolts per hour on square meter, which is higher than international standards, an appropriate ground for building a solar power plant in the region is available.

Qalibaf Asl said that the WFE agreed with TSE’s membership request in light of implementation of Iran nuclear deal reached between Iran and the six world powers last year and the subsequent lifting of international sanctions on Iran.

In his letter, the WFE CEO announced TSE’s dependent membership and said that TSE’s full membership in The International Organization of Securities Commissions (IOSCO) will pave the way for TSE’s full membership in WFE, Qalibaf Asl said.

He said that with 100 members, WFE is the highest international body in the securities market, governing all the aspects of securities transactions from the technical, commercial, legal and economic views.

Membership in WFE makes it possible for the TSE to adjust their indices with those of other stock markets and foreign investors will look at TSE as a rival for other international bourses, Qalibaf Asl said.

Presence in annual meetings and different working groups and boosting the international standards are among other advantages of the membership, he added.

“Russia wants Iran to have vast trade-economic partnership in Eurasia atmosphere in the near future,” President Putin said on Thursday in a meeting with Russian ambassadors and heads of diplomatic missions abroad.

He went on to say that Big Eurasian participation is forthcoming and “we hope that in addition to the present Eurasia member-states, China, India, Pakistan and Iran in the near future as well as the former Soviet Union republics (Commonwealth of Independent States) will also join them in the near future.

The Russian president also said that the consultations for creating Eurasia free trade zone with over 40 member-states and international organizations are underway.

“The Eurasia economic union is interested in cooperation with many countries and regional organizations on the basis of freedom principles and transparent measures as well as abiding by international trade rules and regulations,” President Putin added.