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Iran Khodro sees imminent Mercedes deal
2016/mar/14
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Iran Khodro expects to sign a commercial deal with Mercedes-Benz within the next six months, the CEO of the Middle East”s biggest carmaker says.
The two sides have already reached an agreement on production of commercial vehicles and passenger cars in Iran.
“The current letter of intent will get down to signing in the first half of the next (Iranian) year,” beginning on March 20, Iran Khodro Chief Executive Hashem Yekke-Zare said on Sunday.
Mercedes-Benz is a subsidiary of German-based Daimler which has announced a swift return to Iran where the race among carmakers for a share of the country”s huge market is getting intense.
In January, the German carmaker said it had signed letters of intent with local partners Iran Khodro Diesel and Mammut Group to arrange a "comprehensive re-entry" into the country.
The areas of cooperation include a joint venture for local production of Mercedes-Benz trucks and powertrain components plus the establishment of a sales company for Mercedes-Benz trucks and components, it said then.
Daimler also plans to return as a shareholder in the former engine joint venture Iranian Diesel Engine Manufacturing Co. (IDEM), based in Tabriz.
Leading carmakers are seeing a pent-up demand for cars in Iran, a country of more than 80 million people, which is emerging from years of sanctions.
Yekke-Zare said Iran Khodro was waiting for talks between another Iranian carmaker, Pars Khodro, and Renault to conclude in order to begin its own negotiations with the French company.
Iran Khodro is also willing to cooperate with Japan”s Suzuki for production of Swift, Ciaz and Vitara cars, he added.
Furthermore, the Iranian company is in “serious” talks with an Italian company which he didn”t name, Yekke-Zare said.
“If everything goes according to plan, we will get to the signing stage very soon and the deal will be at a level above the cooperation agreement with Peugeot.”
The French carmaker said in January it had signed a binding contract worth 400 million euros with Iran Khodro to produce a range of cars in the country.
PSA Peugeot Citroën will begin by producing 200,000 cars a year in a 50:50 joint venture, producing the Peugeot 208, 2008, and 301 models, its Chief Executive Carlos Tavares said then
(press tv) |
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2016/mar/14 |
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Ecuador to open trade office in Iran soon
2016/mar/14
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Ecuador will open a trade office in Iran soon with the aim of boosting its exports in the Middle East, the country”s Minister of Foreign Trade Diego Aulestia Valencia said on Friday.
Valencia said a number of Iranian companies are scheduled to meet about 500 entrepreneurs from his country in the Ecuadorian city of Guayaquil in June, the IRNA news agency reported on Saturday.
“We are talking about a car manufacturing country and by joining the global payment systems following removal of the sanctions, Iran”s trade will rise with the Latin American countries”, the minister noted.
In a meeting with Mohsen Jalalpour, the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), in Tehran on February 1, Valencia said Ecuador seeks Iranian investment for its development projects in different fields such as exploration, extraction and refining of minerals as well as construction sector.
He also called for opening a credit line between the two countries” banks.
In a phone conversation with Ecuadorian President Rafael Correa on January 24, Iranian President Hassan Rouhani said removal of sanctions against Iran will pave the way for closer ties with Ecuador.
(tehran times) |
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2016/mar/14 |
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Slovakia Ready for nuclear, new energy, waste management ties with Iran
2015/MAR/08
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Speaking in the Tehran Chamber of Commerce, Industries, Mines and Agriculture here on Monday, he said that Slovakia can assist Iran to increase nuclear energy higher utility.
He also voiced his country”s readiness to have cooperation with Iran in manufacturing of cars.
Hudak welcomed removal of sanctions against Iran and added that considerable opportunities for bilateral cooperation have emerged.
Chairman of the Tehran Chamber Masoud Khuwansari said that Iran needs 50 billion dollars of investment during the Sixth Development Plan (2016-2021) and invited Slovak companies to take action in this regard.
“Joint venture and long-term investment are preferred by the government and public sector,” he said and suggested banking ties between the two countries.
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News 2015/MAR/08 |
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Iran to set up Investors House: Deputy Economy Minister
2016/mar/5
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Deputy Minister of Economic Affairs and Finance said here Thursday that Iran hopes to launch an Investors House in a near future.
Establishing Investors House in the country is necessary in order to solve the problems of domestic investors, Mohammad Khazaei noted at a meeting of dialogue between government and private sector.
According to Khazaei, domestic private sector has presently no mechanism to overcome its problems adding that the Investors House must be non-governmental and must be set up by major domestic investors.
Khazaei who is also President of the Organization for Investment, and Economic and Technical Assistance of Iran added that in the Resistance Economy, foreign investment must serve the goals of the Islamic Republic system.
He said coordination and cooperation between the public sector and chambers of commerce should be appreciated because we believe economic development will not happen without the help of the private sector.
He said both domestic and foreign investments must be considered, because if you do not pay attention to the domestic investor, you cannot attend to foreign investors either.
Khazaei described the establishment of the Foreign Investment Services Center in the province as a favorable development.
The deputy minister referred to the allocation of dlrs. 35 billion of foreign financing to Kerman province adding that such a high figure of financing demands heavy work and extensive activities.
Noting that the Steering Committee of Financing will be set up in the country, he said that financing capacity of dlrs.45 to 50 billion has already been created.
(irna) |
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2016/mar/5 |
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Europe-Iran Bank (Eihbank) resumes activities
2016/mar/5
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The first German bank resumed its activities in Iran, the German NTV announced here Thursday.
The commercial bank of Europe and Iran, Eihbank, with its headquarter in Hamburg has resumed its activities, including money transfers and payments, with Iran following the normalization of relations between Tehran and European capitals and implementation of Joint Comprehensive Plan of Action (JCPA) between Iran and P5+1.
Eihbank began its activities on Tuesday last week, said the report. It works under Germany”s banking license while it was in Germany”s banking sanctions list for five years and its assets had been blocked. It has been reconnected to the SWIFT system since mid-February and resumed its activities.
The TV Channel Network also reported that German Vice-Chancellor and Federal Minister of Economic Affairs Sigmar Gabriel has recently intensified his efforts to convince German banks and financial institutes to resume their activities in Iran.
He has also dispatched his deputy Matthias Machnig to negotiate with representatives of German banks, the report added.
The German deputy economic minister will take part in an economic-financial conference in Tehran this weekend, NTV Channel Network said.
(irna) |
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2016/mar/5 |
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