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Larijani calls for Tehran-Baku Banking Ties
22nd April 2016 in Finance, Industry

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Iranian Parliament Speaker Ali Larijani emphasized that the banking cooperation between Tehran and Baku should be facilitated in the wake of the removal of anti-Iran sanctions.

Larijani made the remarks during a meeting with his Azeri counterpart Ogtay Asadov in the Russian capital, Moscow, on Tuesday on the sidelines of the first meeting of Eurasian parliamentary speakers.

During the meeting, Larijani described the Azerbaijan Republic as a friendly and brotherly country of Iran and underlined the need for the further expansion of ties between the two nations, particularly in the fields of politics, economy and culture.

He further said Tehran-Baku banking ties should be facilitated following the termination of anti-Iran sanctions after a nuclear deal was finalized between Iran and six world powers back in July, 2015.

Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal on July 14, 2015 and started implementing it on January 16.

The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran, but the country is not getting the full economic fruits of the landmark deal yet.

Asadov, for his part, said that his country is also willing to boost its all-out ties with the Islamic Republic.

The first conference of the Eurasian states’ parliament speakers, titled Inter-Parliamentary Cooperation in the Interests of Joint Prosperity of the Counties in the Eurasian Region in the 21st Century, opened in Moscow on Tuesday. Speakers from 19 countries are attending the meeting.

http://www.iran-bn.com/2016/04/22/larijani-calls-for-tehran-baku-banking-ties/
 
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Baku to allocate $500 million to Tehran for North-South route construction

Azerbaijan will give Iran a credit for $500 million to boost the construction of the North-South transport corridor, Iranian Minister of Communication Mahmoud Vaezi said, Sputnik International reports.

"The construction of the Rasht-Astara railway requires about a billion dollars of investment, $500 million of which will be allocated in the form of a loan by Azerbaijan. Azerbaijan’s credit will significantly accelerate the implementation of the North-South project," Vaezi said Friday, as quoted by the Azerbaijani Trend news agency.

He added that Iran had finished 92 percent of infrastructure works along the Qazvin-Rasht route, which will be completed by the end of this year.


http://vestnikkavkaza.net/news/Baku...ehran-for-North-South-route-construction.html
 
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