Astara-Astara Railroad to Come on Stream Early Next YearThe railroad to connect Iran’s northwestern city of Astara to a namesake Azerbaijani city will come on stream in the first month of the next Iranian year (starting March 21), the director general of the Islamic Republic of Iran Railways' International Affairs Office said.
86percent Hike in Iran-Sweden TradeTrade between Iran and Sweden stood at €409 million during the 11 months to Nov. 30, 2017, registering an 86% hike compared with the similar period of last year, based on the latest Eurostat figures
Switzerland willing to expand banking ties with IranIn a meeting with the Central Bank of Iran (CBI) Governor Valiollah Seif, the Swiss Ambassador to Tehran Marcos Lightner expressed his country’s eagerness for the expansion of banking ties with the Islamic Republic.
Export Credit Bank of Norway ready to ease banking exchanges with IranIn his meeting with the Norwegian Ambassador to the Islamic Republic of Iran Lars Nordrum on Saturday, Minister of Energy Reza Ardakanian revealed the expansion of cooperation between Iran and Norway in the field of renewable energies.
Belarus determined to tighten economic ties with IranOn the threshold of the 14th meeting of Iran-Belarus Joint Economic Committee, Belarusian Industry Minister Vitali Vouk told IRNA on Friday that his country is determined to boost economic ties with Iran.
EU Reiterates Commitment to Nuclear DealT he European Union is set to stay in the 2015 nuclear deal and plans to consult with Germany, France and Britain about the US decision to waive nuclear-related sanctions on Iran but as a final reprieve, an EU spokesperson said.
4.2percent GDP growth forecasted for Iran: IMF staff reportFollowing holding discussions on December 2–13 on the 2017 Article IV Consultation with Iran, Catriona Purfield, the head of International Monetary Fund (IMF) delegation to Iran, predicted that the country’s real gross domestic product (GDP) growth will reach 4.2 percent in 2017-18.
Armenia Inaugurates Free Economic Zone on Iran’s BorderA rmenia inaugurated on Friday a free economic zone in its southernmost city of Meghri on the border with Iran.
UN Expects Iran’s Growth to Remain Above 5 percent by 2019T he United Nations has forecast a 5.3% economic growth for Iran in 2017 in its latest World Economic Situation Prospects. The growth is projected to settle at 5.1% and 5% over the next two following years respectively.
UNIC: Iran mark fastest growth in industrial design counts worldwideThe Islamic Republic of Iran marked the fastest growth in industrial design counts worldwide with a 34.8 per cent increase, the United Nations intellectual property agency said.
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