Tag Archives | Armenia

Iran, Armenia to Produce Agricultural Machinery

Iran and Armenia have signed a memorandum of understanding (MoU) on joint production of agricultural machinery, Iran’s commercial attaché to Armenia Mohsen Rahimi said. Based on the terms of the agreement, an Iranian company will export Knock-down kit (CKD) parts to Armenia and do the assembling in the country, News.am website reported. The agreement was […]

Iran to sign Power Deal with Georgia

The CEO of the National Iranian Gas Company (NIGC) said the company was preparing an electricity contract to sign with Georgia for export of 10% of the power it receives from Armenia in exchange for natural gas. Speaking to Shana, Hamid Reza Araqi said NIGC had earmarked 10% of the gas it receives from Armenia […]

Iran, Eurasia Ink Preferential Trade Deal

Iran and members of the Eurasian Economic Union signed a temporary preferential trade agreement in Kazakhstan on Saturday. In a ceremony in the Kazakh capital of Astana, Iran and the Eurasian Economic Union (EEU) signed the accord and agreed to reach a comprehensive and lasting deal within the next three years. The document was signed by […]

Iran has settled Gas Dues to Turkey: NIGC

The managing director of National Iranian Gas Company (NIGC) said Iran has settled its debt to Turkey for overcharging gas and from now on receives payments for its gas flow. Hamidreza Araghi told a press conference on Monday that if Iran does not play a crucial role in the international gas market, it does not […]

Armenia Opens New Economic Zone on Iranian Border

By John Lee. Armenia has opened a Free Economic Zone (FEZ) in the southern city of Meghri, on the border with Iran, with some 50-70 operators expected to be involved in the FEZ over the coming years. Prime Minister Karen Karapetyan is quoted as saying: “Our intentions are quite serious because we are convinced that the […]

Iran, Armenia Discuss Expansion of Energy Cooperation

Iranian Oil Minister Bijan Zangeneh and Armenian Prime Minister Karen Karapetyan held a meeting in Tehran during which both sides called for enhanced cooperation between the two countries in the energy sector. During the meeting on Tuesday, Zangeneh and Karapetyan expressed satisfaction with the current level of bilateral cooperation in the energy sector and stressed […]

Armenia and Iran Cooperate on Free Trade Zones

By John Lee. Iran and Armenia have reportedly signed a memorandum of understanding to broaden cooperation between Iran’s Aras and Armenia’s Meghri free trade zones. At the signing in Yerevan, the Iranian President’s Advisor and Secretary of Free Trade Zones Coordination Council, Akbar Torkan, described the Aras free trade zone is a door of cooperation […]

Iran, Armenia promote Tax Cooperation

Head of the Iranian National Tax Administration and Ambassador of the Republic of Armenia discussed the most important tax issues, calling for promotion of economic and tax cooperation. During the meeting held in Tehran,  Sayyed Kamal Taghavinejad, Head of the Iranian National Tax Administration, pointed to the long-term political, economic and cultural relations between the […]

Armenia to Produce “Halal” Food for Iran

By John Lee. The Armenian Deputy Minister of Economic Development and Investments, Emil Tarasyan (picture), has met with the economic attaché of Iran’s embassy in Armenia, Abas Ghorbani, to discuss the possibility of opening a “Halal” food office in Armenia. According to a report from Hetq, the office would certify that food produced in Armenia, if […]

Iran, EAEU to Start Talks on Free Trade Zone

Formal talks on creation of a free trade zone (FTZ) between Iran and the Eurasian Economic Union (EAEU) will begin soon, the Armenian president said. “The presidents of four countries have approved the proposal that it is necessary to launch negotiating process (on creation of free trade zone) with Iran, Egypt, India and Singapore. That […]

Armenia Doubles Lamb Exports to Iran

By John Lee. Armenia’s Ministry of Agriculture has said that exports of lamb to Iran have increased from 681 metric tonnes for the whole year of 2015, to 2,200 tonnes so far in 2016. Agriculture minister Ignatiy Arakelyan and Iranian  ambassador to Armenia Seyed Kazem Sajjad have discussed the promotion of cooperation in the fields of […]

Armenia Calls for Closer Tehran-Yerevan Trade Ties

Armenia’s Prime Minister Karen Karapetyan said he has ordered the establishment of a special task force to facilitate the development of trade with neighboring Iran. Speaking in a meeting with Head of Iran’s Customs Office Masoud Karbasian and his entourage in Yerevan, Karapetyan highlighted the great potential for the expansion of economic ties between the […]

Iran Interested in Wind Power Investments in Armenia

By John Lee. Iran is said to be interested in investing in wind power in Armenia. According to a report from Asbarez, Armenian Minister of Energy and Natural Resources Levon Yolyan (pictured) was informed of an Iranian plan to construct 50MW wind power plants in Armenia while on a visit to Tehran this week. During […]

Iran, EEC to discuss Free Trade Zone

Eurasian Economic Commission (EEC) Trade Minister Veronika Nikishina said talks over the creation of a temporary free trade zone between the Eurasian Economic Union (EAEU) and Iran will be held in late June. “We plan talks in Iran (regarding the temporary free trade zone) at the end of June,” Nikishina said addressing ongoing St. Petersburg […]

EEU Moves Closer to Free Trade Zone with Iran

The Eurasian Economic Commission’s (EEC) trade minister said on Wednesday that the Eurasian Economic Union (EEU) is expected to hold informal meetings in June to study the possibility of forming a free trade zone with Iran. “(The bloc) will start informal talks on a possible signing of a temporary free trade zone agreement (with Iran),” […]

Armenia proposes Free Trade Zone with Iran

By John Lee. Armenia has proposed setting up a Free Trade Zone between the Eurasian Economic Union and Iran. Deputy Prime Minister and minister of International Economic Integration and Reform, Vache Gabrielyan (pictured), said a working group had been established in the EAEU to work on the issue. (Source: IRNA)

Turkey’s Beaches Losing Allure among Iranians

By Masoud Lavasani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Why Turkey’s beaches, hard liquor are losing allure among Iranians In years past, close economic and political relations between Tehran and Ankara coupled with certain liberties, such as freedom to drink alcohol or wear […]

$30bn Electricity Projects for Foreign Investors

Iran plans to offer electricity generation projects worth €28 billion ($30 billion) to foreign investors. IRNA news agency quotes Energy Minister Hamid Chitchian (pictured) as saying that between 47,000 to 50,000 megawatts (MV) are expected to be added to generating capacity over the next 10 years, requiring an investment of $5 billion per year in […]

Iran, Armenia plan Joint Production of Crabs

Iran and Armenia are considering setting up a joint production facility for crabs in Armenia, for export to Eurasian Economic Union member countries. Armenian Minister of Agriculture Sergo Karapetyan made the announcement after a meeting with Iranian ambassador to Armenia, Seyed Kazem Sajjadi. According to a report from ARKA, he added that both countries have […]

Iran Sets Sights on Armenia

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. If one thing is certain about Iran’s recent move to step up relations with Armenia, it’s that it’s for very good economic reasons. On Oct. 14, Tehran took the opportunity of impending sanctions relief […]