Tag Archives | European Union (EU)

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 […]