They finalized 17 subsidiary contracts in line with the cooperation protocol.
The founding members of IKAP convened and the procedure for operation of the new company was signed by Managing Director of Iran Khodro Hashem Yekke-Zare and Deputy Managing Director of Peugeot-Citroen Company Jean-Christophe Quemard.
They signed 17 subsidiary contracts in line with the cooperation protocol between the two carmakers.
They finalized and the process to register the company will begin from Wednesday.
Morad Majlisi has already been appointed as managing director of new company ‘IKAP’.
Preliminaries of the new contract for cooperation between industrial groups of Iran Khodro and Peugeot of France were signed by directors of both companies during visit of President Hassan Rouhani to Paris last February and since then necessary measures were adopted to enforce the contract.

He said that foreign investors got acquainted with provincial capabilities and the capacities in tourism industry.
Amini added that the group of investors were from France, China, Spain, Germany and Iraq.
The province also has natural attractions like green mountainous area and desert (kavir) for tourists.
There are 90 hotels and 65 hostels in the province.
Director General of the organization Fereydoun Allahyari already said that 30 percent growth has been registered for the foreign tourists visiting Isfahan in May.
Isfahan tourism industry has made major growth since three years ago.
In the Iranian year of 1392, the number of foreign tourists visited the province increased from 110,000 to 180,000 and in year 1393 to 250,000.
The figure rose up in the year of 1394 to more than 250,000.

Alireza Kameli, Managing Director of NIGEC said on Sunday that negotiations are underway between his company and eight companies specialized in LNG projects.

The National Iranian Gas Exports Company is waiting for a decision on the issue by the minister of petroleum to enter possible deals, Kameli said.

Iran plans to revive its massive liquefied natural gas (LNG) projects which have been suspended under intensified western-imposed sanctions.

Iran had already entered deals with the Anglo-Dutch Royal Dutch Shell, Spain’s Repsol and France’s Total to build three LNG plants but they abandoned the projects in 2010 under US and European pressures.

The NIGEC director, answering a question on Iran-Turkey dispute over gas prices, Kameli said that Iran has referred the case to the International Court of Justice and is waiting for the court’s decision.

During his talks with members of the Iranian delegation here, Novak said the increase became possible with the implementation of mutual agreements.

The talks were held in Moscow Friday evening on the sidelines of the St. Petersburg International Economic Forum on June 16-17-18.

Russia and Iran had increase in their trade exchange, while Moscow witnessed decrease in its economic ties with some countries even with China during the mentioned period, Novak said.

For his part, Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh who led the Iranian delegation in Moscow said Tehran welcomes all-out ties with Moscow.

He then called for further growth in bilateral relations.

Iran and Russia are planned to touch the ten-billion-dollar worth of exchange in near future.

A number of Chinese officials and representatives of Chinese businesses and companies were present in the meeting.
The two-day meeting focused on ways of expanding and consolidating economic and commercial cooperation among the Silk Road states.
The sides also explored grounds for cooperation in various economic, trade, investment and tourism sectors.
Rally Tours NZ Ltd will operate its Silk Road self-drive tour, crossing Kyrgyzstan, Uzbekistan, Turkmenistan, Turkey, Bulgaria, Romania, Hungary, Austria, Czech, Germany and the Netherlands are the Silk Road states.

City of Bologna, the provincial capital of Emilia-Romagna Region, on Friday hosted a conference on Friday on joint trade and investment ventures between Iran and the Emilia-Romagna Region.

Presented at the economic event were more than 200 Italian entrepreneurs and businessmen and other economic elites from the region as well as Iran’s Ambassador to Rome Jahanbakhsh Mozaffari.

During the conference, Gino Cocchi Director of the international affairs of Emilia Romagna Industrial committee underlined the importance of enhancing ties with Iran.

He predicted that Italy’s exports to Iran will increase to reach three billion euros in the next four years.

Pierre Peju deputy president of Emilia-Romagna Bank referring to the banking problems faced by Iran said that everybody should be patient.

We are optimistic about the future, he said.

The Iranian ambassador to Rome for his part said that despite all the problems, the Joint Comprehensive Plan Of Action is being implemented and following the nuclear deal, all the obstacles on Tehran’s way to establish ties with the world and especially the west, have been removed.

The present situation is irreversible, Mozaffari said.

The interest of the Italian investors for furthering cooperation with Iran shows that enemies have failed to prevent the execution of the JCPOA, Mozaffari said.

The officials along with senior international economic experts and investors held the discussions on the sidelines of a panel on ‘Post-sanction Iran’, held on the margins of the St. Petersburg International Economic Forum 2016.
Iran’s Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh, representing Iran in the Forum, told the audience that there are ample grounds for activity of foreign investors and industry owners in Iran.
He said Tehran welcomes attraction of foreign cooperation in various sectors.

Mohammad Reza Nematzadeh and Alexander Novak discussed the expediting the enhancement of mutual cooperation in the economic, commercial, industrial and energy fields in St. Petersburg.

They also reviewed implementation of the agreements reached between the two countries valued at over 40 billion euros.

Iranian Ambassador to Moscow Mehdi Sanayee and several Iranian and Russian officials were also present in the meeting.

In early April, Sanayee voiced his satisfaction in the ongoing trend of mutual cooperation between Iran and Russia.

‘A bright future is waiting for the two countries’ relations in the upcoming weeks,’ Sanayee said, addressing a conference in Moscow.

He underlined that Iranian and Russian officials have strong determination to broaden their bilateral ties.

‘Iran and Russia are developing their scientific, academic and technological relations,’ Sanayee added.