Economy

The wind farm which has 22 turbines is capable of producing up to 100 MW electricity.Over $ 92 million has been invested by MAPNA Group for this project, and the wind farm will be able to supply 15% of Iran’s electricity.According to the provincial officials, Qazvin has the capacity of …

“Iran can supply four percent of the world’s zinc production,” Nematzadeh said on Saturday. He noted that Yazd’s Mehdiabad copper and zinc mine has about 200 tons of reserves. A total of 14 million tons of zinc is annually produced in the world and according to some unofficial figures Iran’s …

In the meeting, which Iran’s Ambassador to Kiev Mohammad Beheshti Monfared was present as well; Kozachenko said the result of joint economic commission meeting valuable.Referring to old and historical background of ties between the two countries, Kozachenko called for expansion of cooperation in all sectors.Hojjati, for his part, called bilateral …

Talking to IRNA, Kämäräinen said the working group has been successful to solve a large portion of problems ahead of the inter-banking foreign exchange transactions.He said the working group has shown promising progress in lifting the banking problems facing Iranian and Finnish banks and it seems that in the near …

Ali Abedzade made the remarks on the sidelines of the ceremony held for receiving the second purchased Airbus which landed today at Mehrabad International Airport.“Due to lack of new aircraft in the country, some 4 million Iranian passengers take trips by foreign air lines annually,' he said.He pointed to instructions …

The A330-200 passenger plane was delivered to Iran following the implementation of the nuclear deal between Tehran and six world powers, also known as the Joint Comprehensive Plan of Action (JCPOA).The aircraft can carry 238 passengers and it comes with 32 business class and 206 economy seats and it is …

In a meeting with Ivory Coast Foreign Minister Marcel Amon-Tanoh on Friday, the Iranian diplomat added that there exist appropriate potentials for economic cooperation and bolstering commercial exchanges between the two countries in the energy, oil and gas, agriculture, health and treatment and transportation sectors.Shakib-Mehr voiced Iran’s readiness to share …

Iran’s Ambassador to Ukraine Mohammad Beheshti Monfared was present in the ceremony as well.The document included bilateral cooperation development in the fields of agriculture, investment, finance, trade, chamber of commerce, industry, mine and steel production, machinery, geology, banking, oil, gas, petrochemical, transport, tourism, health, sport, communication and engineering consultant services.Hojjati …

Zare made the remarks in a Friday meeting with head and members of Iran-Nicaragua Parliamentary Friendship Group.He pointed to importance and the role of Iran-Nicaragua Parliamentary Friendship Group in developing ties between parliaments of the two countries, stressing on Iran’s Majlis (Parliament) tendency for exchanging parliamentary delegations.Iranian envoy also referred …

According to Central Bank of Iran (CBI), based on 2016 article IV consultation with the Islamic Republic of Iran, IMF should hold bilateral talks with its members annually.The full text of the IMF report, appeared on its official website, follows:Economic growth rebounded over the course of 2016/17 on the back …