Tag Archives | European Union (EU)

Video: Trump’s Iran Speech raises Int’l Concern

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Trump’s decision on the Iran nuclear deal is raising international concerns. Many argue the US cannot unilaterally amend a security council resolution. Iran has also sent a formal letter of protest to the […]

US “Unable to Stop Irans Oil Exports”

If the US reimposes sanctions on Iran’s oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will not be able to stop crude flows that returned to the market in 2015, according to sanctions expert Elizabeth Rosenberg, Platts reported. “Grudging compliance does […]

Iran looks to Europe over Fate of Nuclear Deal

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. As concerns grow every day about whether or not the United States will abandon the nuclear deal with Iran, Tehran is weighing its options in different possible scenarios. Donald Trump has long vowed to […]

JCPOA ‘Delivering’, EU’s Mogherini Says

EU Foreign Policy Chief Federica Mogherini dismissed Washington’s view that the 2015 nuclear deal between Iran and world powers should be renegotiated, saying that the agreement is “delivering”. “There is no need to renegotiate parts of the agreement because the agreement is concerning a nuclear program and as such is delivering,” Mogherini told reporters on […]

Europeans Keen for Close Economic Ties with Iran

Iranian President Hassan Rouhani and a number of European leaders discussed the bilateral, regional and international issues on the sidelines of the UN General Assembly, with all the Europeans showing enthusiasm for investment in Iran and stronger trade ties in the post-JCPOA era. Keeping a busy schedule during his trip to New York, President Rouhani […]

Iran’s Oil Exports to Europe, China Grow in August

Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains the […]

Iran-EU Trade Hits €9.9bn in 6 Months

The total value of bilateral trade between Iran and the European Union (EU) over the first half of 2017 has reached about 9.9 billion euros, according to data released by the European Commission. The total trade between Iran and the 28-nation bloc in the first six months of the current year amounted to €9.9 billion, […]

Iran the “Main Source” of Fake Clothing Accessories

By John Lee. The European Union (EU) has said that Iran is the main source country for fake clothing accessories. New figures released by the European Commission today show that customs authorities detained more than 41 million fake and counterfeit products at the EU’s external border in 2016. The goods had a total value of […]

No New Sanctions on Iran, Just Technical Updates: EU

A European Union spokesperson dismissed the notion that the bloc has imposed fresh sanctions against Iran, saying the union has only complied with a series of “technical updates” the UN makes in the context of different sanction regimes periodically. “There has been some speculation in the press regarding recent updates to listings of individuals and […]

NITC says shipments to Europe Increasing

By John Lee. A senior executive at the National Iranian Tanker Company (NITC) has said its shipments to Europe are increasing daily, and the company plans to upgrade its fleet to support further expansion. Mohammad Reza Shams Dolatabadi told Reuters on Monday that the NITC plans to replace some of its older tankers with new […]

Europe needs Long-Term Vision for Iran Trade

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europe must adopt Long-Term Vision for Trade with Iran Business is increasingly intermixed with politics in Iran’s relations with the world — to the potential detriment to both. For instance, recent developments in bilateral ties […]

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 […]