Iran eying Peugeot, Renault contracts as Rouhani heads to EuropeJanuary 25, 2016 - 15:38 AMT PanARMENIAN.Net - Iran will probably sign contracts with automakers Peugeot and Renault, President Hassan Rouhani said Monday, January 25 as he headed to Europe seeking to capitalize on Tehran's nuclear deal with world powers, AFP reports. "Important contracts will probably be signed on this trip including with Peugeot and Renault," Rouhani told reporters at Mehrabad Airport before leaving Tehran, according to state television's website. The Monday-Wednesday tour takes place just over a week after the nuclear deal came into force, allowing the United States and the European Union to lift economic sanctions in exchange for Tehran curbing its nuclear activities. "We need to modernize our aviation fleet and buy locomotives," the Iranian president said. Transport Minister Abbas Akhoundi said on Sunday Iran would buy 114 Airbus planes during the president's visit to Paris. Iran needs annual foreign investment of $30-$50 billion to reach an eight percent growth target and cash in on sanctions relief, the president said last week. In Italy on Monday and Tuesday, Rouhani will meet Italian President Sergio Mattarella and Prime Minister Matteo Renzi. After meeting with Pope Francis at the Vatican, he will be in France on Wednesday to meet President Francois Hollande. On the European tour, Iran is to "review and agree on two important documents" that will act as "roadmaps" for mid- and long-term relations with Italy and France, Rouhani said. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Russian Ambassador to Armenia summoned to Moscow for consultations Russian Ambassador to Armenia Sergei Kopyrkin has been summoned to Moscow for consultations. Armenian border troops stationed in Tavush Starting from May 24, the Armenian border troops officially take over the protection of sections of the border in the Tavush region. Welcome to CaseKey 2024. Byblos Bank Armenia firmly stands by future innovators Strategic business cases, invaluable experience, innovative approaches and more than 25 events are in store for the participants of CaseKey 2024. Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. |