German Diplomat: Iran’s economy will develop in upcoming years

Germany Deputy Ambassador for economic affairs in Tehran Oliver Portoff said on Sunday that controlling inflation and foreign exchange rates were among Iranian positive measures well done last year and that Iranian economy will develop in upcoming years. He made the remarks to a Conference on ‘Introducing cooperation and investment…

India ready for joint venture investment in Iran’s oil industry

India is ready for joint venture investment in Iran’s oil industry particularly the downstream industry, Khalid M. Khan head of visiting Indian trade delegation said on Saturday. He made the remarks in his speech to a Forum on trade and investment in Isfahan. Investment in development of Chabahar port and…

Chabahar, China-Pak Economic Corridor should be linked: Pak official

Director General of Institute of Strategic Studies in Islamabad believes that Chabahar port of Iran and China Pakistan Economic Corridor (CPEC) are two helpful and beneficial projects and they will be even more beneficial if they are linked together. In an interview with IRNA, Masood Khan said that some reports…

German manager: Iran suitable country for foreign investments

Managing Director of Germany’s Klifovet Pharmaceuticals Company Klaus Hellmann underlined that Iran is a suitable country with abundant capacities for foreign investment. ‘Given Iran’s advances and scientific capacities, Iran has good capacities for investment,’ Hellmann said Friday on the sidelines of the Third International Pharmaceuticals Congress hosted by Shahr-e Kord….

Indian firm to build naphthalene, urea factory in Iran

Indian Company Kesar Petroproducts Limited plans to set up a naphthalene, urea factory in Iran under joint investment ventures. Dinesh Sharma who is in Tehran along with an Indian commercial delegation told IRNA Friday that the company is currently importing these products from Iran. He further noted that the company…

New Delhi trade policy focuses on Iran: Indian official

An Indian official said his country’s foreign trade policy has concentrated on Iran. Khalid M Khan, regional chairman of Federation of Indian Export Organizations made the remarks here Wednesday while talking to IRNA. The Indian Federation, he said, is trying to boost trade exchanges with Iran through chambers of commerce…

Iran, China sign seven documents on commercial cooperation

Representatives from Iran and China in Tehran on Tuesday signed seven documents which envisaged enhanced economic and commercial cooperation. The signatories to the documents were Trade Promotion Organization of Iran and China Council for the Promotion of International Trade and Zhejiang Province Chamber of Commerce as well as Iran and…

South Korean manager: Iran capable of developing auto industry

Lee Myeong-jin, a senior official with the South Korean company Hyundai Dymos said on Tuesday Iran boasts the required raw material for auto industry and therefore is capable of developing the industry. Speaking to IRNA on the sidelines of an exclusive South Korean exhibition in Tehran, Lee said that his…

Iran, India, Afghanistan sign Chabahar agreement

Iran, India and Afghanistan on Monday signed an agreement on establishment of an international corridor between the three countries – known as Chabahar agreement. The agreement was signed in Tehran in the presence of heads of state of the three countries. In a joint press conference with Indian Prime Minister…

Italy’s Lombardy region ready to make investment in Iran

A Italian official said here on Friday that companies in the Lombardy region are keen to invest on Iran’s health and transport infrastructure sectors. Speaking to IRNA, Deputy Vice Governor of the Lombardy region Fabrizio Sala, who is visiting Iran as a member of the European House-Ambrosetti delegation, said that…