Economy

Visa cancellation took place at first by Serbia on September 2, 2017 and then Iran from November 1, 2017 caused promotion of cooperation level between the two countries in different fields, especially in tourism and exchanging goods.Establishment of direct flight between Tehran and Belgrade is another important step in direction …

Iranian Economy Minister Masoud Karbasian and his Azeri counterpart Shahin Mustafayev signed eight cooperation pacts at the end of the 12th meeting of Azerbaijan-Iran state commission for economic, trade and humanitarian cooperation.The cooperation documents will boost the two countries' relations in various fields in particular, oil swap and transit and …

A 2017 report by the International Telecommunication Union (ITU) shows that although all but eight countries improved their overall (ICTs) Development Index (IDI), Iran ranks second in improving its ITU information and communication technologies.'The Islamic Republic of Iran has forged ahead with telecommunications development, and mobile broadband in particular is …

The impeachment motion could not gain the majority of votes and he was reinstated with 105 votes for, 117 votes against and 7 abstentions.Hojjati was questioned over his performance in regulating the market for agricultural produce, addressing the problems facing the factories processing sugar cane, and his alleged recruitment of …

Zarubezhneft is the first Russian oil company to sign two IPCs (Iran Petroleum Contract) with the National Iranian Oil Company on Wednesday, a source in the company told TASS.The source referred to activities in Aban and West Paydar oil fields.Under the terms of the contract, the company will work on …

According to Platts, one cargo each is bound for Indonesia, India and Taiwan, the fixtures showed.Shipments for the first three months were estimated at 1.36 million tons, with January registering a post-sanctions high of 520,000 tons.Shipment resumed to Indonesia in March after a hiatus in February, with international trading firm …

Inspecting the first phase of the 1.2 megawatt power plant in Rafsanjan Special Economic Zone, he said the second phase of the power plant will also be constructed within two years at a cost of 55 million euros. Two major Austrian economic projects have been implemented in Kerman province over …

In a meeting with Azerbaijan's Minister of Economy Shahin Mustafayev, Mohammad Shariatmadari hoped that setting up of a joint working group within Iran-Azerbaijan Joint Commission will help develop a precise understanding about the two countries’ economic projects.“We are ready to discuss areas of mutual concern during President Hassan Rouhani’s upcoming …

She said that Slovenia intends to use capacities of the Khorasan Razavi in the fields of medical equipment, pharmaceuticals, agriculture, water transfer, sewage treatment and auto spare parts.Radej said holding joint exhibition is also effective in preparing grounds for acquaintance of Slovenian companies with Khorasan Razavi province.She added that Slovenia …

CAO announced lack of attention to limitation of the flight hours for the pilot who had undergone surgery as the main cause of the accident.Due to his heart surgery, the pilot had to follow a 9-month flight ban, it said.In reaction to the CAO report, Aseman Airlines released a statement …