The plunge in car imports comes against the backdrop of Iranian officials' plans to boost auto exports from the country.
Iran Khodro has reached the conclusion that in the current conditions, Volkswagen is a better choice for partner and can better help promote the Iranian automotive industry.
The Central Committee of the Communist Party in Greece has said that the ruling party, Syriza, is seeking to humanize the savagery of capitalism, vowing to fight on until it gets the better of capitalism.
The Islamic Republic of Iran's priority in its ties with Europe is long-term, sustainable, mutual cooperation, said Nematzadeh in his meeting with the Austrian president.
Iran’s gold output is estimated to rise to 7 metric tons by 2017 which could significantly improve the country’s place among the world’s producers of the precious metal.
Addressing a closing ceremony of the two-day Iran-EU conference dedicated to “EU-Iran – Post Sanctions Era” in Vienna, Sattari elaborated on developing markets in Iran.
Iran and the EU have opened a conference on trade and investment in Vienna, with Iranian officials pledging to splash out more than $180 billion on oil and gas projects.
President Rouhani's Chief of Staff has welcomed expansion of economic and banking ties with Switzerland, saying that Swiss banks can play a positive role in Iran’s bank transactions and economic activities.
German companies are ready to transfer technology and technical know-how to Iran as part of efforts to re-engage with Iran on economic matters, said Sigmar Gabriel.
Under a deal the Ahmadinejad government signed with the Chinese, the Chinese have been entrusted with holding Iran's assets.