Around 1,000 German Mittelstand firms have business ties to Iran and 130 firms have set up branches in Iran Patrizia Melfi, director of the international competence center for six regional Volksbanken that have specialized in transactions with difficult countries, said they would continue to process transactions from Iran Reported by HPMM Group according to FINANCIAL TRIBUNE ;   […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Chairman of Majlis Economic Commission said on Tuesday a parliamentary measure to manage the foreign exchange market is still on the agenda, but lawmakers are giving the government more time to see whether its measures will prove effective. “Our proposal for stabilizing the forex market hasn’t been killed […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The EU has announced its intention to protect European businesses that wish to continue dealing with Iran by updating its “Blocking Regulation” before August 6, 2018, when the first tranche of US secondary sanctions are reactivated. The Blocking Regulation is designed to counteract the effects of extraterritorial secondary […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ; While Germany’s big banks are studiously avoiding Iran-related deals for fear of US reprisals, six credit unions, or Volksbanken, from southern Germany appear unafraid and are continuing to provide trade finance to the country. Patrizia Melfi, the head of the International Competence Center that was set up by […]

  Reported by HPMM Group according to FINANCIAL TRIBUNE ;The United States’ pullout from the Joint Comprehensive Plan of Action, as the Iran deal is formally known, does not seem to be a matter of big concern for the most cited Iranian economist in the world, Mohammad Hashem Pesaran. He believes the withdrawal from the 2015 agreement […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Central Bank of Iran on Sunday officially condemned the sanctioning of its governor and one of its former officials by the US as a move showing “contempt for international norms”. “The move by the US Treasury, which was completely unprofessional and unconventional, is an indicator of the contempt […]

  The combination of American trade sanctions on Iran and European nations seeking to disregard those sanctions places higher emphasis on improving navigation between the Caspian Sea and the Black Sea The alternative maritime route crosses the Caspian Sea into a series of navigation locks to the town of Volgograd and to the Sea of […]

France wants the EU to toughen its stance in protecting European companies against any US sanctions  Reported by HPMM Group according to FINANCIAL TRIBUNE ; France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with Iran, French Finance Minister Bruno Le […]

   Reported by HPMM Group according to FINANCIAL TRIBUNE ;  In Iran, the only surprise regarding US President Donald Trump’s May 8 announcement to leave the Joint Comprehensive Plan of Action was that it was four days early. The decision was anticipated and most Iranians believed that the deal was not doing much anyway, reads an article […]

Besides the increase in purchase orders, the government has also paid special attention to essential goods for public consumption Statistics indicate the success of the government’s forex strategy after the US withdrawal from Iran’s nuclear deal  Reported by HPMM Group according to FINANCIAL TRIBUNE ;  Purchase orders by merchants from the start of the current Iranian year […]