Bank Mellat Restarts Turkey Operations
Economy, Business And Markets

Bank Mellat Restarts Turkey Operations

Iran and Turkey have resumed banking relations, Alireza Bigdeli, Iran’s ambassador in Ankara said on his Facebook page Sunday.
Referring to his meeting with Erdem Basci, governor of the Central Bank of Turkey, the envoy said Bank Mellat’s branches in the country have restarted their operations, IRNA reported.
Bank Mellat has three branches, namely in Ankara, Istanbul and Izmir. Mellat got permission to expand its operations in Turkey in March 2014. The bank launched its first branch in Turkey in 1982, but it had to temporarily cease operations when sanctions on the Iran’s banking sector intensified in 2012.

  Turkish Investment
Bigdeli also said that a contract has been signed with the Turkish Company Bergiz Insaat to construct the Tabriz-Marand highway. The project is worth $900 million.
Officials in East Azarbaijan Province had announced earlier that Bergiz would finance 65% of the project and the Iranian government the rest.
Tabriz and Marand are both located in East Azarbaijan Province and a highway is planned to connect the two cities to Bazargan border-crossing, the major trade route between Iran and Turkey.
Iran and Turkey have a history of cooperation in construction projects with Turkish companies participating in the multi-billion-dollar Mehr Housing Project.

Short URL : http://goo.gl/5V2bwm
  1. http://goo.gl/Uw8I6N
  • http://goo.gl/lEjrdN
  • http://goo.gl/0qkAo2
  • http://goo.gl/r5G2QQ
  • http://goo.gl/FgwWun

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...