Iran

[Shahab3]

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Iran-Turkey trade exceeds $5b

TEHRAN, Oct. 8 (MNA) -– An official of the Turkish prime minister’s office for foreign trade stated that in the first half of 2010 trade between Iran and Turkey reached $5.4 billion.
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He pointed out that currently 1,300 Iranian firms are operating in Turkey and business between the two neighbors in growing.
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“When we remove the barriers of trade and complete our preferential trade agreement we can reach a bilateral trade volume of $30b in five years,” Erdogan told businessmen at a summit aimed at lowering tariffs between the two countries.
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Iran, Belarus sign trade MOU

TEHRAN, Oct. 8 (MNA) – Tehran and Minsk signed a 15-item memorandum of understanding at the end of their 10th meeting of the joint economic cooperation committee here on Thursday.
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The commerce minister cited the upcoming launching of a truck production line in Tabriz, up to $1 billion investment by Iranians in technical and engineering projects in Belarus, negotiations for modernization of agricultural machinery by Iranian investors in Belarus, as well as constructing a hospital, a copper factory and other buildings in Belarus as projects being implemented by investors.

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Inflation rises again in Iran

TEHRAN, Oct. 8 (MNA) –- The latest report by the Central Bank of Iran shows that the decreasing trend of the inflation rate stopped for the first time this year during the Iranian calendar month of Sharivar (Aug. 23–Sep. 22).

The inflation rate has risen this month to 8.9 percent from 8.8 percent last month.
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It is believed that when the economic reform plan is put into effect the inflation rate in Iran will rise by over a minimum of 11 percent.