Category: Economy and markets
Serbia to start negotiating gas contract with Russia Soon_thumbnail

“What diversification are we talking about? Only in two years will we get the completed [interconnector], the possibility for something to be supplied to Serbia from somewhere, but the question is what will be supplied, we are building the Bulgarian interconnector from our side, the Bulgarians will only announce the tender in coming days, after […]

EU commissioner calls for banning Russian oil_thumbnail

European Commission President Ursula von der Leyen also proposed that Sberbank, Russia’s largest bank, and two other major banks be disconnected from the SWIFT international banking payment system, according to NPR radio website. Von der Leyen said Sberbank holds around 37% of the Russian banking sector, adding that two other major banks in Russia would also […]

Huge ship docks at Caspian port in Gilan province_thumbnail

TEHRAN, May 03 (MNA) – A 5,000-ton ship carrying cooking oil docked in the Caspian port in the northern Iranian province of Gilan on Monday. The ship seems to have arrived from Russia.

Harvesting strawberry in Golestan province_thumbnail

TEHRAN, May 01 (MNA) – Farmers in the Iranian province of Golestan have started harvesting strawberries.  Strawberry is one of the agricultural capacities in Golestan province.

Iran’s Bashmaq border to become intl. logistics crossing_thumbnail

Turning the Bashmaq border in Marivan into international logistics crossing at a national and international level is one of the main goals of Baneh and Marivan’s Free Trade-Industrial Zone, said Hamid-Reza Bita, adding that Bashmaq Border is one of the best transit routes from east to west. He noted that turning the Marivan area into an export […]

Hungary says ready to pay in rubles to Russia: FM_thumbnail

Hungary is ready to pay for Russian gas in rubles, this will not be a violation of EU sanctions, Hungarian Foreign Minister Péter Szijjártó said on Monday, according to Sputnik news agency. The remarks by the foreign minister come a day after the Hungarian government spokesperson Zoltan Kovacs said on Saturday that payment in rubles for Russian […]

Iran’s frozen funds abroad to be released soon_thumbnail

Asked about the release of Iran’s frozen assets in foreign banks, Saeed Khatibzadeh confirmed the news and said that part of Iran’s resources will be released soon. Iranian senior diplomat added that a high-level delegation will travel to Tehran by the end of the week. Earlier on Thursday, some media reported that based on an agreement reached with some countries […]

Iran’s trade value with EAEU hits $5.6bn last year:IRICA_thumbnail

Seyyed Rouhollah Latifi said on Saturday that more than 13,127,000 tons of non-oil goods, valued at $5.643 billion, were exchanged between Iran and EAEU’s member states last year in 1400 (from March 21, 2021 to March 20, 2022), showing a 51 percent growth in terms of weight. Of total 13,127,045 tons of products, valued at […]

$7bn Iranian frozen assets to be released_thumbnail

Accordingly, necessary framework for removing blockade of a significant part of the frozen foreign exchange resources of the country has been identified and agreed upon. Under this agreement, blocked funds must be collected in Iranian accounts in a specified period of time within a few weeks. The framework of this channel to remove blockade of […]

Iran registers new monthly trade value record under sanctions_thumbnail

Seyyed Rouhollah Latifi said on Wednesday that Iran’s non-oil trade value during Esfand, the last month in the Iranian calendar year,registered a 40 percent growth as compared to the same period of last year while the country continues to remain under the tough US sanctions. Iran’s non-oil trade value also recorded a 17 percent growth as compared […]

Iran can increase oil exports by 1 mln bpd in six months_thumbnail

However, the IEA believes that it may take months before additional volumes of oil from Iran appear on the market, as negotiations on the Iranian nuclear deal stalled before the “finish line”, the Russian TASS news agency reported. Besides OPEC+ countries, United States, Canada, Brazil and Guyana can also increase supplies to the world market, […]

Iran, Azerbaijan FMs stress expansion of Tehran-Baku Ties_thumbnail

On the Occasion of the 30th anniversary of establishing diplomatic relations between Tehran and Baku, Iranian Foreign Foreign Minister Hossein Amir-Abdollahian and his counterpart Jeyhun Bayramov sent congratulatory messages to each other. “The relations between Iran and Azerbaijan originate from the friendship and good neighborliness of our nations who share common spiritual values, and historical, cultural, and religious […]

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