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The United Nations Conference on Trade and Development (UNCTAD) announced that foreign direct investment in Iran increased by 50 percent in 2017.


Iran’s Bank of Industry and Mine (BIM) and Russia’s Vnesheconombank (VEB) signed a finance contract worth EUR 1.2 billion on electrifying Garmsar- Incheh Borun railroad.


The head of the Organization for Investment, Economic and Technical Assistance of Iran dismissed some rumors about the cancellation of Post-JCPOA agreements after the US withdrawal from the accord, said that the Ministry of Economy or the Central Bank of Iran has received no correspondence or oral comment from foreign parties to cancel the contracts.


Irans president of Customs Administration announced the country’s readiness to exchange electronic information with Norwegian customs while pointing to the importance of developing customs cooperation between Iran and European countries.


The Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) outlined the measures taken by the organization in applying the Foreign Investment Promotion and Protection Act in 1396.


Abdul Nasser Hemmati, President of the Central Insurance of Iran, said following talks between the Iranian insurance industry and major European companies such as Munich Ray and Lloyds, 30 of Irans reinsurance cover will be given to Europe.


Minister s Speeches



Massoud Karbassian, Minister of Economic Affairs and Finance of Iran, outlined the requirements for developing non-oil exports in a memorandum.


Foroud Asgari, president of the Islamic Republic of Iran Customs Administration (IRICA), says that export plays an important role in production, and it can increase Irans credibility in international markets.


VAT in each countrys tax system reflects the countrys development-oriented look to economy, and developed countries that are economically dynamic and robust certainly have been successful in using VAT.



The High Council of Insurances recent resolution on providing the possibility of establishing specialized insurance by mixed insurance institutions has led to discussions among experts. In this regard, and in order to elaborate on the different dimensions of this resolution, we arranged an interview with Hassan Reza Abbasianfar, Director General of Planning and Development of Central Insurance.


(SHADA: TEHRAN) – The Iranian Minister of Economic Affairs and Finance Ali Tayyebnia was talked in a televised interview with Islamic Republic of Iran Broadcast (IRIB) Channel One. Here follows the full text to the interview


(SHADA: TEHRAN) – Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia had an interview with “World of Economy”, a Tehran-published economic daily. Here follows the full text to the interview.


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