Economy of Iran

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.

Greek bank deposits rose slightly in August after a 10-month decline, according to data released from the country’s central bank.

Business and household deposits rose by 305 million euros to 121.14 billion euros compared with 120.83 billion euros in July.

A campaign to boycott ?substandard and expensive? Iranian-made cars has fired up social media in the Islamic republic, where its supporters have been accused of anti-revolutionary treason.

The head of the Istanbul Chamber of Commerce (?TO), ?brahim Ça?lar, has said the private sector?s debts have increased by 17.5 billion Turkish Liras ($5.7 billion) over the year due to a dramatic loss in the lira?s value and called on Turkey?s Central Bank to sell the dollar at 2.7 to Turkish companies which have short-term debts. 

Iran hopes to bring its gas to the European Union by shipping liquefied natural gas (LNG) to Spain, its oil minister was quoted as saying on Sept. 7 at a news conference with his Spanish counterpart in Tehran.

Turkey?s gold jewelry exports to Iran rose sharply from around $1.83 million in the first half of 2014 to $453 million in the same period this year, according to data compiled by the Turkish Statistics Agency (TÜ?K).