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Iran Europe

Chair of European Parliament delegation on relations with Iran meets ICCIMA president

Finnish politician, Tarja Cronberg, who is on a visit to Iran, met with Iran private sector presdient, Gholam Hossein Shafei, in a bid to understand the current state of the affairs in Iran after the unilateral withdrawal of the US from the 2015 nculear deal and revival of sanctions. She also talked about the European financial channel, the so-called Special Purpose Vehicle (SPV).

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Iran expects EU to speed up creation of SPV: Iran Chamber president

President of Iran Chamber of Commerce says his country has pinned high hopes on Europe’s financial channel with Iran, known as Special Purpose Vehicle (SPV), calling it the best solution for the problems caused by the restoration of US sanctions.

Iran Chamber

EU-Iran trade vehicle could be ready by year-end: Mogherini

Rushing to keep its end of the bargain by the years end, the European Union says its getting closer to putting in place a Special Purpose Vehicle (SPV) to make sure Iran keeps benefiting from the nuclear deal, signed in 2015 but ditched by the US unilaterally this May.

Trade

7 European banks ready to work with Iran during sanctions: Zarif

Iranian Foreign Minister Mohammad Javad Zarif said that the central banks of seven European states are ready to work with Iran despite the impending U.S. sanctions, Tasnim news agency reported on Saturday.

Financial Markets

Iran awaiting EU guarantees on oil, banking: Zarif

Iranian Foreign Minister Mohammad Javad Zarif says the country is awaiting European guarantees on the sale of Iranian oil and banking relations.

Trade

EU adopts €8 million support package for Iran private sector

The European Commission has adopted a first package of €18 million for projects in support of sustainable economic and social development in the Islamic Republic of Iran, including €8 million assistance to the private sector.

Trade

EU regrets return of US sanctions on Iran

The EU said Monday it deeply regretted the US reimposition of sanctions on Iran after President Donald Trump pulled out of the 2015 nuclear pact, and vowed immediate steps to protect European companies.

Trade

US addicted to sanctions, but Iran can weather them: Zarif

Iran’s Foreign Minister Mohammad Javad Zarif says the United States is addicted to sanctions, but the Iranians can pass through the current "critical" stage with national unity.

Iran Chamber

From EU we expect action, more than words: Zarif

Iran FM Zarif says the country needs to see the measures in place on the ground, not simply in writing, not simply in words

Trade

EU allocates 80 bln USD fund for businesses with Iran: official

The European Union has established an 80-billion-U.S. dollar fund to give credit to small and medium enterprises doing business with Iran, an Iranian official said on Wednesday.

Financial Markets

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Iran will continue allocating a subsidized exchange rate for medicines and has yet to take any new decision on the sector as it considers moves toward a single exchange rate, Economy Minister Ali Madanizadeh said on Monday.

Iran to keep subsidized FX for medicine as it weighs currency reform

Iran’s move to approve Palermo bill is in line with its effort to be removed from the FATF blacklist as the country seeks to eliminate barriers to foreign trade.

Expediency Council approves Palermo bill with conditions

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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