Russian-Iranian business cooperation
TEHRAN, Oct. 09 (MNA) – Iran’s commercial attache in Russia said volume of exports to the Eurasian state grew by 36 per cent in the first half of the year 2017 as compared to the corresponding period last year.
Over the first half of the current 1396th financial year (March 21 – September 22) Iranian capital market outperformed all its competitors in the context of return on investment (ROI). Parallel markets, i.e. gold, forex, and real estate were behind.
“Bank Melli Iran (BMI), owned by the state and being the largest commercial bank of Iran, invested over one trillion rials (25.6 million U.S. dollars) into three knowledge-intensive start-ups,” an official of President’s Office for Science and Technology reported.
Russian Vneshecomombank also known as VEB has entered into a contract with Bank of Industry and Mine, Iran (BIM), for financing the construction of a power plant in Hormozgan Province.
As is reported by the Minister of Trade, Iranian businessmen are considering the ways of increasing export to Russia.