Iranian, German carmakers to jointly produce cars
Germany’s Volkswagen and Iran’s car manufacturer Mammut Khodro are planning to launch a new joint production line to make cars in the near future. Talking to the Islamic Republic News Agency (IRNA) on Saturday, Mohsen Salehi-Nia Deputy Minister of Industry and Trade for Industries Affairs said the preliminary measures have…
Iran exports to Europe up by 300% after JCPOA: EU
European Climate Action and Energy Commissioner Miguel Arias Canete addresses the first-ever Iran-EU Business Forum on Sustainable Energy in Tehran on April 29, 2017. (Photo by moe.gov.ir) Iran’s exports to the European Union have increased by over 300 percent after the implementation of the historic 2015 nuclear agreement between Iran and…
Iranian-European banks to establish long-term ties soon
Long-term relations between Iranian and European banks are expected to develop especially in financing civil engineering and production projects, Governor of Central Bank of Iran (CBI) Valiollah Seif announced. Seif made the remarks in the Fourth Iran-Europe Banking and Business Forum which was held on Saturday at IRIB’s International Conference…
JCPOA encouraged Iran-Czech Republic cooperation expansion
Head of Czech Industries Confederation Yaroslav Hanak said on Monday that the Joint Comprehensive Plan of Action (JCPOA) paved the way for promotion of Tehran-Prague cooperation. Hanak made the remarks during Iran-Czech Trade Conference session in Prague on Monday, attended by 130 business people. The official noted that mutual cooperation…
New Zealand minister, business delegation to visit Iran
New Zealand minister of trade, heading a business delegation, is due in Tehran next week, says Jalaladin Namini Miyanji Iran’s Ambassador to the island nation in the southwestern Pacific Ocean. ‘The visit by Todd McClay and the accompanying high-ranking business delegation to the Islamic Republic is going to be the…
Sanctions on Bank Melli in Hong Kong lifted
Deputy governor for currency affairs at the Bank Melli of Iran (BMI) announced that sanctions on BMI Hong Kong Branch have been lifted since June 24 and the branch will soon resume its activities there. Hong Kong Monetary Authority lifted restrictions on BMI in Honk Kong, Gholam Reza Panahi made…
‘Smart money’ moving towards Iranian capital market: IFB CEO
To reach an average 8 percent economic growth during the next five-year period, according to decree of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei, and following withdrawal of the financial embargo in January, the Iranian administration is shifting from a bank-based financial system into a more market-based one…
Switzerland keen to invest in Iran
A group of visiting Swiss economic directors called for making investments in Iran’s capital market. The Swiss directors visited Securities and Exchange Organization (SEO) in Tehran and got familiarized with opportunities in post sanctions era in Iran, then expressed willingness to invest in Iran’s capital market. The Swiss visitors hoped…
CBI official calls for banking economic relations with Germany
Vice-President of Central Bank of Iran Akabr Kamijani called for expansion of economic and banking cooperation with Germany. In a meeting with the members of Bavarian delegation including business and industry officials here on Wednesday, he noted that sanctions damaged the benefits of Iran’s European banking partners while establishment of…
Iran has established relations with new European banks
After announcement of ‘Implementation Day’ of the nuclear deal in January, Iran has established banking relations with new European banks in Italy and Austria, a senior banking official said here Monday. Hossein Yaqoubi, international affairs’ director at Central Bank of Iran (CBI), told reporters that the Iranian banks are not…
