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Blog Monthly Archive

VBMBlog provides regular coverage of news, analyses, reports, etc. on Iran´s economy, business, sanctions and current affairs. Check out our blog and participate in our discussions.

Implementation of Iran Petroleum Contract (IPC) and the Lost Appeal

Sept. 25, 2016 After many ups and downs, the general conditions governing Iran Petroleum Contract (IPC) have been finalized, and in the wake of the communication by the parliament speaker to government of the approved model of such contracts, IPC has officially landed on course to implementation. The latest communiqué by the Cabinet features the revisions underlined by senior establishment officials. Read more

Three Iranian Banks to Open Branches in Germany

Sept. 25, 2016 Germans, from the very beginning after the JCPOA went into effect, vigorously started visiting Iran. Now, these visits have made Germany the fifth trade partner of Iran. Germany is an old partner of Iran and was once the top trade partner of the country before sanctions were imposed on Iran. Being pioneer among its European neighbors in trades with Iran, Germany now seeks to seat on the first place in terms of banking transactions with Iran as well. To this end, Germany’s experts from its Central Bank took the lead to help Iran upgrade its banking system which has undergone tough days for at least six years. After that, Germany invited Iran’s governor of Central Bank to shape the transactions between the two countries more concrete. Read more