Economy of Iran

Montenegro Woos EU by Matching Sanctions

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.

Iran ministers warn of fresh economic crisis

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.

Iran invites all, including US-based companies, to make oil, gas investments: Minister

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. 

?TO head calls for cheaper dollar sale to companies from Central Bank

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.