Tag Archives | European Union (EU)

Polish MEP: “No Good Time to Invest in Iran”

By John Lee. A vice president of the European Parliament has said that European companies should not rush to pour money into Iran’s industries. Writing in The Diplomat, Poland’s Ryszard Czarnecki argues that the whole world should be alarmed at the likelihood of some Western policymakers and businessmen taking President Hassan Rouhani’s reelection as a […]

Iran to Receive €10m in Humanitarian Aid from EU

By John Lee. The European Union (EU) has said it will “sustain and expand its support” in Iran. In a statement, the EU said humanitarian organisations working in Iran will receive close to €10 million to help them complement efforts to provide for the basic needs of Afghan refugees and their families, with emphasis on […]

Iran-EU Trade Turnover Jumps by 265% in 3 Months

The total value of trade exchange between Iran and the 28-nation European Union (EU) over the first three months of 2017 has increased by 265 percent, a report released by the statistical office of the EU, Eurostat, showed. The total trade between Iran and the EU in the first three months of the current year […]

Iran Plans to Lease New Train Cars from Europe

Iran’s state-run railway company is in talks with a number of European companies to lease brand-new train cars, an official said. The Islamic Republic of Iran Railways, known as RAJA at home, is proceeding with business negotiations with a number of European companies on leasing train cars, which are mostly new and are expected to […]

Iran Features in EU Scholarship Programme

By John Lee. This year’s scholarships in the Erasmus Mundus Joint Master Degree programme have been awarded to students from all six continents, with the top five sending countries being Brazil (79), India (63), Iran (59), Bangladesh (58) and Mexico (49). The EU-funded scholarships are fully integrated study programmes offered by a consortium of at […]

EU Project for Nuclear Safety for Iran

The European Commission has signed the first ever project for nuclear safety co-operation with Iran, under the framework of the Joint Comprehensive Plan of Action (JCPOA). The € 2.5 million project aims to enhance the capabilities of the Iranian Nuclear Regulatory Authority (INRA).  It will do so by preparing a feasibility study for the Nuclear Safety Centre foreseen in the JCPOA. It will […]

Pratt & Whitney to supply Engines for Iran Plane Deal

By John Lee. US-based Pratt & Whitney, a subsidiary of United Technologies (UTC), is to supply engines for the passenger planes sold by ATR to Iran Air, according to report from Hartford Business. An ATR spokesman said the deal is for the 20 ATR 72-600s, a twin-propeller aircraft, and said Iran Air had an option to […]

Iran, ATR Sign Major Aircraft Deal

European aviation giant ATR said it has signed a deal with Iran’s national flag-carrier airline Iran Air to sell 20 aircraft to Tehran. ATR Spokesman David Vargas confirmed the deal for the sale of 20 ATR-600s, a twin-propeller aircraft, was signed on Thursday. “They will definitely help Iran Air to modernize and develop regional connectivity […]

EU Extends Sanctions on Iran over Human Rights Violations

On 11 April 2017, the European Union extended until 13 April 2018 its restrictive measures responding to serious human rights violations in Iran. These measures consist of: a travel ban and an asset freeze against 82 people and one entity a ban on exports to Iran of equipment which might be used for internal repression […]

Despite nuclear deal, EU firms still cautious on Iran

By Dr. David Ramin Jalilvand for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Since the signing and implementation of the Joint Comprehensive Plan of Action (JCPOA), European businesses have shown great interest in re-entering Iran. Trade between Iran and the EU has already notably picked […]