IKCO to offer Dena models in Ukraine through Azerbaijan operations
Iran’s largest car manufacturer Iran Khodro Company (IKCO) is planning to offer its Dena model, co-produced by Azerbaijan, in the Ukrainian market, a senior official at the company said. Head of IKCO operations in Asia, Europe, America and Commonwealth of Independent States, Sabina Nobari, said the company is set to export its Dena vehicles to […]
Iran, Azerbaijan trade amount to $327 in 9 months
Non-oil trade between Iran and Azerbaijan amounted to 702,062 tons worth $326.91 million in the first nine months of the current Iranian year (to Dec. 21), indicating an increase in both volume and value. Trades between the two countries observed a 32.74% and 35.49% growth in tonnage and value respectively compared with last year’s corresponding […]
AzerMash-IKCO to launch mass production of ‘Khazar Peugeot’ in mid-Feb
Emin Akhundov, chairman of the Board of AzerMash, said the Iranian and Azerbaijani joint car factory (AzerMash-IKCO) will start producing Peugeot in Neftchala Industrial Park, Baku, in mid-February. The new cars, called ‘Khazar’, will be equipped with an automatic transmission, he added. AzerMash-IKCO, annual manufacturing capacity of which is 10,000 cars, will manufacture 6,000 cars […]
Rouhani says boosting coop. with Baku important for Tehran
Iranian President Hassan Rouhani said that increasing bilateral cooperation between Iran and Azerbaijan in different fields is of special importance for Tehran. He made the remarks in a Tuesday meeting with the Speaker of the National Assembly of Azerbaijan Republic Ogtay Asadov in Tehran. Rouhani referred to the friendly, brotherly relations between the Islamic Republic […]
Azerbaijan parl. speaker to visit Iran
The Speaker of the National Assembly of Azerbaijan Republic Ogtay Asadov is set to visit Iran on Dec. 25-26 upon the official invitation of his Iranian counterpart Ali Larijani. Heading a high-ranking delegation, Asadov is scheduled to hold a number of meetings with top Iranian officials including President Hassan Rouhani, Foreign Minister Mohammad Javad Zarif, […]
EU’s new mechanism for Iran (SPV) to be in place soon
Stressing that a new European Union mechanism to facilitate payments for Iranian exports will be in place in coming days, Iran’s Foreign Minister Mohammad Javad Zarif said “US cannot achieve its political goals for sure.” “With the new mechanism and given the fact that Americans are now isolated in the international community, no country would support US […]
Iran-Azerbaijan joint car factory plans to export products to Russia, Georgia
Khazar Car Factory, a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, plans to offer its products in Russian and Georgian markets, Azerbaijan’s Deputy Minister of Economy and Industry Niyazi Safarov said. According to Safarov, talks are underway to export Khazar cars to Russia and Georgia and the capacities of both […]