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…
Iran, Azeri Republic mull visa waiver to enhance trade ties
Deputy Head of Iran’s Chamber of Commerce said on Monday that cancellation of visa between Iran and Azerbaijan Republic would help increase in cooperation level and economic ties. Hossein Pir-Moazzen said that presidents of the two countries held talks for four times which indicated importance of relations between the two…
US official predicts trade boom with Iran in light of JCPOA
The US will not stand in the way of business activities in Iran that are consistent with the JCPOA, US Acting Under Secretary for Terrorism and Financial Intelligence Adam Szubin said. He made the remarks at the Atlantic Council and The Iran Project Symposium on December 17. According to the…
Iran willing to remedy negative trade balance with Russia
Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said on Monday that Iran is willing to remedy negative trade balance with Russia. He made the remarks on the sidelines of opening ceremony for Russian Exhibition in Tehran. Last year, import from Russia was 700 million dollars and export to…
Iran, Azerbaijan Republic prepared to connect national grid
Minister of Communication and Information Technology Mahmoud Vaezi said on Monday that Iran and Azerbaijan Republic are getting prepared to connect national grid next month. He made the remarks on the sidelines of 10th joint economic commission of Iran and Azerbaijan Republic. He said that existing problems for connecting electricity…
ESCAP holds 4th regional meeting in Tehran
The 4th regional meeting of the United Nations Economic and Social Commission for Asia and Pacific (ESCAP) opened in Tehran on Sunday. Secretary of the meeting Teymour Bashir Gonbadi told IRNA that the meeting aimed at boosting regional interaction in transportation and to spot challenges and opportunities. He said a…
Giant NACO to finalize airport project with Iran
The Netherlands Airport Consultants (NACO) is preparing itself for settling an agreement with Iran to play formally its consultancy role in the construction of Imam Khomeini Airport City. Mahmoud Navidi, the managing director of Imam Khomeini Airport City Company, let slip the news, Tehran Times reported. The project coupled with…
Russian national industrial fair kicks off in Tehran
The three-day Russian national industrial fair kicked off at the Tehran International Permanent Fairground Monday morning. According to dispatches, the fair dubbed as the ‘Trade and Industrial Dialogue: Russia and Iran’ will be held from 21st to 23rd of December, 2015. The Russian delegation will be led by Minister of…
