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Last updateFri, 28 Apr 2017 12pm

Foreign tourist spent $32B in Iran in last four years

Isfahan
PayvandNews -
 Foreign tourists have spent some $32 billion in Iran over the past four years, said an official with the Cultural Heritage, Tourism, and Handicrafts Organization. A total of 19.9 million travelers visited the country during the mentioned period (March 2013 - March 2017), IRIB quoted CHTHO Deputy Director Morteza Rahmani-Movahhed as saying on April 23.



Foreign tourists in Kerman, Iran
(source: Avid Kerman magazine)

Transportation, accommodation, and even purchasing souvenirs are amongst parameters taken into account for calculating the sum, Rahmani-Movahhed added.

"Under a worldwide accepted definition, a tourist is referred to whoever stays over 24 hours in a foreign country without having a job or a

Read more: Foreign tourist spent $32B in Iran in last four years

Khamenei Says Iran Should Not Look To West For Economic Growth

Khamenie
RFL/RE -
 Iran's supreme leader has called on presidential candidates to focus on making the economy grow without help from the West, distancing himself from President Hassan Rohani's policy of promoting growth through foreign trade and investment.


"The candidates should promise to focus on national capabilities and domestic capacities to resolve the economic issues...rather than looking abroad," Ayatollah Ali Khamenei said at a meeting with ambassadors from Muslim states in Tehran on

Read more: Khamenei Says Iran Should Not Look To West For Economic Growth

Iran-EU trade up 171% in January

EU
PayvandNews -
 The European Union's trade with Iran amounted to 1.55 billion Euros in January 2017, a 171 percent rise compared to the first month of 2016, based on the latest figures released by the European Union's statistics agency Eurostat.  The figure was 572 million Euros in January 2016, Tasnim news agency reported.


Iran's exports to the EU stood at 772 million Euros in the said time, with 6.5-fold rise from 120 million Euros in the same period in the preceding year. The

Read more: Iran-EU trade up 171% in January

Germany's Volkswagen picks local partner in bid to cement foothold in Iran

Germany
PayvandNews -
 Germany's Volkswagen says it has picked a local Iranian auto company to represent it in one of the biggest markets of the Middle East.



A classic beetle in Iran
(source: Imgrum)

Volkswagen in a statement named the Iranian company as Khodro Sazi Sina (KSS) which it said had been chosen after "thorough and intense studies". The company emphasized that the KSS' closest rival - Mammut Group - was only a few points behind. 

It added that the KSS had gone through a

Read more: Germany's Volkswagen picks local partner in bid to cement foothold in Iran

Why Iran won’t ditch the dollar soon

currency
Al-monitor —
 The Central Bank of Iran (CBI) has for some time been working on a plan to stop using the US dollar in its financial reports. In a program aired on Iranian state television Jan. 28, CBI Gov. Valiollah Seif vowed that the regulator would no longer use the US currency in its reports starting with the Iranian fiscal year that began March 21. Yet there is no news of an actual change in policy. Indeed, analysts believe that even if the Central Bank is

Read more: Why Iran won’t ditch the dollar soon