business in the East

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Iran Khodro Cars to Join Kazakh Taxi Fleet

Iran Khodro Group’s (IKCO) deputy director for exports says  his company plans to help modernize Kazakhstan’s taxi fleet with Iranian sedans, Financial Tribune reports. “Negotiations regarding the modernizing …

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Iran's trade delegation to visit Denmark

Iran's trade delegation is going to visit Denmark in the near future, Tehran Chamber of Commerce informed. The organization noted that the level of trade deals between the two countries has increased by 60% over the past year. …

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Volkswagen Polo to be produced in Iran in 2017

Volkswagen will produce its Polo hatchbacks under a joint venture with an Iranian automotive company, Mammut Group. According to Persian Khodro, a local automotive website the production line will be launched in summer 2017 outside …

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Netanyahu's first visit to Kazakhstan

The Israeli delegation headed by the Prime Minister Benjamin Netanyahu will arrive in Astana on December 14, Ambassador Extraordinary and Plenipotentiary Ambassador of Israel in Kazakhstan Michael Brodsky …

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Iran wants to attract Japanese investors

Iran has invited Japanese companies to invest in oil and infrastructure projects, including in the development of railways and ports, chairman of Iran's Chamber of Commerce, Industries, Mines and …

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Russia and Turkey ready to trade in national currencies

Russia is ready to trade with Turkey in rubles and liras, Russian Central Bank reported today. "There are no legal and technical obstacles for residents of Russia and Turkey to trade in national currencies. There is no need to sign a …

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SCO and BRICS to support small business

On December 1-2, Ufa hosted the Second Small Business Forum of the SCO and BRICS Regions. The participants were the Russian regions, the leading SMEs of the SCO and BRICS member states, and young entrepreneurs. The forum discussed …

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Austrian bank to open branch in Iran

Austrian banks are ready to broaden cooperation with Iranian banks and establish branches in Iran in the near future, the Austrian Ambassador to Iran Friedrich Stift said at a conference on developing Iran-Austria trade …

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Pakistan eyes to multiply exports to Azerbaijan

Pakistan has prepared a five-year trade cooperation plan to enhance exports to $500 million to Azerbaijan. Pakistan’s exports to Azerbaijan were $60 million, while imports stood at $31,000 in 2015-2016. The largest export product …

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Iran plans to boost cultivation of medicinal plants

Iran will increase the area under cultivation of medicinal plants for commercial purposes by 9000 hectares, the official at the Iranian Ministry of Agriculture, Peyman Yousefi-Azar, said. “Around 147,000 tons of …

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Iran to privatize 200 state-run companies

Head of Iranian Privatization Organization (IPO) Abdollah Pouri-Hosseini announced that 200 state-run companies will be transferred to the private sector by the end of the current Iranian calendar year (March 20, 2017), Shana …

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