Iran offers Lithuania to open embassies in Vilnius and Teheran

Iran offers Lithuania to open embassies in Vilnius and Teheran

  Reported by HPMM Group according to THE BALTIC TIMES ; Iran has offered Lithuania to open their respective embassies in Vilnius and Teheran to step up economic and political cooperation, visiting Iranian Vice President Massoumeh Ebtekar said in an interview with BNS Lithuania on Friday. “One of the issues that our ambassador is pursuing and our […]

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German minister urges jobless fund, tax to bolster euro

German minister urges jobless fund, tax to bolster euro

German finance minister Olaf Scholz speaks during a party meeting of Hamburg’s Social Democrats in Hamburg, Germany on June 9, 2018. Germany’s finance minister is urging bolder steps to strengthen the 19-country euro currency union by setting up a fund to help member states suddenly hit with high unemployment, and by laying the foundations for […]

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Russian companies continue trade with Iran: Russian analyst

Russian companies continue trade with Iran: Russian analyst

Russian companies working in Iran have an advantage over European rivals – they are already under US sanctions, so they have nothing to lose, TeleTrade Chief Analyst Petr Pushkarev said on Sunday. Reported by HPMM Group according to IRNA  ; “Russian companies will continue doing business in Iran as if nothing happened at all – in oil, gas […]

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Iran preparing tender documents for Rasht-Astara project

Iran preparing tender documents for Rasht-Astara project

An official with the Railways of the Islamic Republic of Iran (RAI) said the country is planning to hold an international tender to find financers for a crucial rail link project that envisages connecting Iran’s northern city of Rasht with Azerbaijan’s Astara. Reported by HPMM Group according to IRNA  ;   The Iranian national railway was already preparing the […]

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Iran boosts oil exports in face of sanction threats

Iran boosts oil exports in face of sanction threats

Iran’s oil exports hit 2.4 million barrels per day (mbpd) in May in what is seen as a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of returning US sanctions. Reported by HPMM Group according to Press TV ;  Based on the latest figures provided by Iran’s Ministry of Petroleum, […]

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UK firms eye continuing coop. with Iran

UK firms eye continuing coop. with Iran

 Vice Chairman of Board of Directors of the British-Iranian Chamber of Commerce Sirous Mehdizadeh said that British companies are interested in broadening and enhancing their cooperation with Iran. Reported by HPMM Group according to MEHR NEWS AGENCY   :     In this regard, the British companies, willing to do business with Iran, are eagerly waiting EU new instructions to […]

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US to claim $1.7bn penalty from China’s ZTE

US to claim $1.7bn penalty from China’s ZTE

The administration of US President Donald Trump is reportedly planning to seek a penalty of $1.7 billion from China’s telecommunications major ZTE Corporation. Reported by HPMM Group according to Press TV  :   The move – as revealed by people familiar with the matter – would be meant to punish and tighten control over the company before allowing […]

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Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

Iran’s President Hassan Rouhani says a line of credit agreement between Tehran and Rome can pave the way for operationalisation of documents earlier signed between the two countries.  Reported by HPMM Group according to IRAN FRONT PAGE  :  In a Saturday letter to his Italian counterpart Sergio Mattarella, Rouhani offered congratulations to the Italian nation and government […]

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S Korea’s Daelim cancels $2.08bn order from Iran for fear of sanctions

S Korea’s Daelim cancels $2.08bn order from Iran for fear of sanctions

  Reported by HPMM Group according to MEHR NWES AGENCY : South Korea’s Daelim Industrial said on Friday that a contract worth 2.23 trillion won ($2.08 billion) for a refinery project in Iran was canceled amid the fear of sanctions from Trump administration. The order was canceled as the Esfahan Refinery Upgrading Project failed to procure financing because of […]

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India to discuss ways out of Iran sanctions with EU

India to discuss ways out of Iran sanctions with EU

India plans to send a top delegation to Europe next week to explore ways to continue to trade with Iran despite US sanctions.   Reported by HPMM Group according to Press TV  ;  At the top of the agenda would be preserving the current mechanisms for Indian companies to pay to Iran for their oil purchases through EU […]

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