Tag Archives | Finland

Nokia may Reduce its Iran Business

By John Lee. Finnish telecom equipment maker Nokia has said it may have to reduce its business in Iran due to the reimposition of US sanctions. In a statement to the markets, the company said: “We continuously monitor international developments and assess the appropriateness of our presence and business in various markets. “The US’ unilateral […]

Iran Ranked 138th in Good Country Index

By John Lee. Iran has been ranked 138th out of 153 countries in this year’s Good Country Index, placing it just behind Tonga and Venezuela, and ahead of Antigua. Iraq was ranked last, with Libya second-last. The idea of the Good Country Index to measure what each country on earth contributes to the common good […]

Finnish Fast Food Chain Opens in Tehran

By John Lee. Finnish fast food chain Hesburger has opened an outlet in Tehran. The restaurant, in Tehran’s Pars district, is run by a local franchise entrepreneur. Hesburger CEO Kari Salmela said: “Iran has a market of 80 million customers, who don’t yet have access to Western burger restaurants … We see it as an […]

Finland, Denmark, Sweden agree deal with Iran’s IDRO

The ambassador of Finland to Tehran said Helsinki, Copenhagen and Stockholm have signed an agreement with Iran’s IDRO Group to improve cooperation in various fields, including oil and renewable energies. “Finland, Denmark and Sweden signed an MoU with IDRO of Iran to promote collaboration in in the fields of oil & gas, high-tech, transportation, renewable […]

Iran Rises in Prosperity Index

By John Lee. Iran has risen one place in this year’s Legatum Institute Prosperity Index, ranking in 117th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite the […]

Iran Up (Slightly) in Prosperity Index

By John Lee. Iran has risen one place in this year’s Legatum Institute Prosperity Index, ranking in 117th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. According to […]

Iran Open to Finnish Investors

Iranian President Hassan Rouhani highlighted the good grounds for investment in Iran, calling on the Finnish investors to take the opportunity and work with the Iranian private sector. In a meeting with Finland’s new ambassador to Tehran on Saturday, President Rouhani said there exist perfect opportunities for investment in Iran. The Finnish entrepreneurs and investors […]

Finnish Co to supply Gas Power Plants to Iran

The Finnish technology group Wärtsilä will supply engineering and equipment deliveries for two baseload power plants to Iranian energy companies Baran Niroo Beshel Co. and Tamin Niroo Saam Co. This is a breakthrough project as Wärtsilä is supplying the first decentralised power plants of its kind to Iran, showing results from our efforts to support […]

Nokia to Build the 5G network in Iran

By John Lee. Nokia and the Mobile Communications Company of Iran (MCI) have reportedly signed a memorandum of understanding (MoU) under which the company will build a framework for future implementation of 5G technology. (Source: Nokiamob)

Finland to Sign Air Transport Deal with Iran

A ranking Finnish diplomat unveiled plans for the conclusion of an agreement with Iran on air transportation. In a meeting with an Iranian deputy foreign minister in Helsinki, Secretary of State at Finland’s Ministry for Foreign Affairs Peter Stenlund said the air transportation agreement will be prepared and signed in the near future. He also […]

Finland’s Outotec wins EUR 50m Iran Contract

Finnish-based minerals and metals processing technology firm Outotec has agreed with National Iranian Copper Industries Company (NICICO) on the delivery of two sulfuric acid plants for the Sarcheshmeh and Khatoon Abad copper smelters in Iran’s Kerman province. The value of the orders, approximately EUR 50 million, has been covered by a confirmed Letter of Credit […]

Will Iran allow the EU to Open Shop in Tehran?

By Rohollah Faghihi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The European Union Parliament passed a resolution Oct. 25 calling for normalization of relations with Iran — a decision that Tehran cautiously welcomed. In response to the resolution, Iranian Foreign Ministry spokesman Bahram Qassemi said that […]

Iran, Finland Trade can Increase Tenfold

Finland’s Minister for Foreign Trade and Development Kai Mykkanen said the volume of his country’s trade with Iran could easily grow ten times. “We have huge potential for increasing our trade with Iran,” Mykkanen, who is in Tehran as part of a delegation led by Finnish President Sauli Vainamo Niinisto, told the Tasnim News Agency. […]

Finland welcomes expansion of ties with Iran

By John Lee. Iran’s Minister for Communications and Information Technology, Mahmoud Vaezi, met with Finnish FM Timo Soini on Tuesday in Helsinki. “I hope that the upcoming visit of Finland’s president to Iran will be very effective in developing trade and economy cooperation between Tehran and Helsinki and in progression of relations,” said Soini. The […]

Finland, Iran sign MoU on Healthcare Cooperation

Finland’s Minister of Family Affairs and Social Services Juha Rehula met Iran’s Minister of Health and Medical Education Seyed Hassan Hashem in Helsinki on Tuesday. During his two-day visit, the Iranian Minister will learn about Finland’s healthcare system. The Iranian delegation is particularly interested in preventive healthcare, cancer treatments, dental health and the high-level of […]

Outotec to Supply Iran Iron Project

By John Lee. Finland’s Outotec has been awarded a contract by Shangdong Province Metallurgical Engineering Co., Ltd. (SDM) for the delivery of process equipment to the Sangan Iron Concentrate Project in North-Eastern Iran. The Iranian Mines and Mining Industries Development & Renovation Organization (IMIDRO) owns the Sangan mines and SDM is their engineering partner. The […]

NewIcon Moves into Iranian Healthcare Market

By John Lee. Finnish health technology company NewIcon has signed an agreement with a clinic operating near the Iranian city of Urmia. According to the report from Labmate, the deal is for the supply of a fully automated pharmacy storage system. NewIcon’s marketing director Jori-Matti Savolainen said: “Iran has approximately 250 hospitals that are interested […]

Iran, Finland to Expand ICT Cooperation

Iran and Finland on Tuesday discussed ways of expanding bilateral ties in the field of information and communications technology, said the minister of communications and information technology. ‘ICT cooperation between Iran and Finland will increase in the areas of software as well as research and development,’ Mahmoud Vaezi (pictured) said after a meeting with the […]