Economy

Chitchian made the remarks in a meeting with a group of senior directors of the Ministry.He said that the power grids for exchange of energy with Azerbaijan are completed and Iran will swap as much as 600 megawatts of power with the Azeri Republic.1420**1416 www.irna.ir

Rasoul Zargarpour made the remarks in the second meeting of the provincial Committee for Developing Exports.Zargarpour said that the figure showed a decline by three percent in term of weight and 22 percent in value compared to the corresponding period last year.Major exports included iron cast, iron and steel, oil …

Yousefi said that following operation of new phases of South Pars, considerable growth was observed in gas condensates output.He said that gas condensates, which are a type of ultra light oil, are extracted from gas fields.Following implementation of the Joint Comprehensive Plan of Action (JCPOA) in January, export of crude …

He said that 177,288 tons goods worth dlrs 130.9 million have been exported from the province since beginning of current Iranian year.Mirashrafi said that value of the export has increased 24 percent in comparison with the preceding period.He said that the goods were exported to 26 different countries including Afghanistan, …

Morad Ali Tatar told IRNA on Tuesday that the exported products weighed 826,000 tons.The exported products consist of ordinary Portland cement (OPC), cake, biscuit, air conditioner, tomato, tomato paste, water melon, dairy, building equipment, fruit and vegetable, he said.He reiterated that $ 7 million of products weighing 134,000 tons were …

Mohammad Saeed Nejad told IRNA on Tuesday that Indian firms are to invest $ 85m in build–operate–transfer type (BOT) and $ 150m in finance type to supply required equipment for Chabahar port.Based on the BOT contract, Indian firms will have to deliver all the equipment to Iran after 10 years, …

Hong Kong Monetary Authority lifted restrictions on BMI in Honk Kong, Gholam Reza Panahi made the announcement here Tuesday.Resumption of BMI Hong Kong Branch's activities needs systematic changes that are being made, said the official.Since 2008, the European Union (EU) imposed sanctions on different foreign branches of BMI on the …

Ali Akbar Shamani said the products waere exported from Incheh Borun, Bandar Torkaman (Torkaman port), Gorgan and Bandar Torkaman export terminals, adding that exports had 25% fall in weight and 33% fall in value compared to the same period in the previous year.The exported products consist of cheese, shed parts, …

The Iran's customs office data released on Tuesday put the volume of foreign trade at 27,780 million tons.The figure also indicated an increase of 9,660 million tons, worth $ 3,610 billion, compared to the first two months of current year.China, UAE, Iraq, South Korea and India are among the top …

After 43 years of membership in the EU, Britons unbelievably voted for independence from the European bloc. But the thing noteworthy is that even during its membership in EU, London always insisted on keeping the value of its national currency and never joined The Schengen Agreement, trying to maintain its …