Economy of Iran

A total of 50 Turkish food, furniture and sea food exporters met their Iranian counterparts as well as Iranian authorities to discuss further opportunities of cooperation in the new period of Iran. The future of the relations seems to be quite promising, according to Turkish exporters. 

Iran is seeking $25 billion in investments from 50 deals involving international oil and gas companies, foreign executives were told on Nov. 28 in Tehran as the government outlined new contractual terms.
 

After months of a decline amid elections, security concerns and a slow recovery in Europe and the U.S., officials from the Turkish Prime Ministry Investment Agency have expressed hope about a rise in investments in 2016. 

Turkey's short-term external debt stock dropped to $121.1 billion at the end of September, marking a decrease of 8.8 percent compared to the end of 2014, the Central Bank stated in a note on Nov. 16.  

Iran's exports of crude oil and condensate dropped to a seven-month low this month, hit by refinery maintenance and a lull in demand ahead of winter, according to an industry source with knowledge of the nation's tanker loading schedule.

Iran?s vice president told The Associated Press on Oct. 18 his country is preparing for a ?tsunami? of foreign tourists as Iran and world powers are set to begin implementing a landmark nuclear deal that will lift sanctions in return for curbs on Iran?s nuclear program.

Montenegro has expanded the list of countries against which it has an arms embargo, allying itself further with the EU, which it hope to join.

A government document, which BIRN has seen, shows that the list of countries against which the sanctions have been imposed to include Belarus, North Korea, Iran, Iraq, Lebanon, Afghanistan, Egypt, Somalia and Zimbabwe.

Four Iranian government ministers have broken ranks to warn of a possible economic crisis because of the plunge in prices of oil and other commodities, underlining the country's patchy recovery.

In a letter sent to President Hassan Rouhani that was published by newspapers on Oct. 5, the ministers of economy, industry, labor and defense said "incompatible" policies were causing harm.

Iranian Industry, Trade and Mining Minister Mohammad Reza Ne'matzadeh has said all global companies, including U.S.-based ones, can make oil and gas exploration investments in Iran, which has already identified 300 investment projects that will be announced next week. 

The Turkish Central Bank?s gross foreign currency reserves have decreased to below $100 billion for the first time since 2012.