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Iran, South Korea agree to launch direct flights

Iran, South Korea agree to launch direct flights


Senior officials said senior airlift officials from Iran and South Korea have agreed to start direct flights between the two countries.

Asadullah Abbasi, head of the Iran-South Korean parliamentary friendship group, said Sunday that South Korea has confirmed direct flights between Tehran and Seoul, according to Fars News Agency.

He stressed that South Korea is interested in Iran’s natural and historical tourism.

Officials of the Iranian Civil Aviation Organization (ICAO) and the Iranian National Flag will hold joint meetings with their counterparts in South Korea.

In mid-June, media reports said South Korean financial officials are negotiating with their counterparts in Iran to create a $ 13 billion credit line to invest in Iran.

Kimia Eximbank (KEXIM) will provide the lion’s share of the $ 8 billion loan to Iran. The Persian newspaper Sharq Persian reported that the remaining funds, $ 5 billion, will be offered by Korean Trade Company in the coming weeks.

Iran and South Korea have also agreed to build a hospital.

The $ 13 billion credit line allocated by South Korea to Iran will open the way for operations by Japanese and European banks.

South Korea announced in May that it had provided a package of loans worth $ 25 billion to develop Iran’s infrastructure projects.

During the visit of the former South Korean President Gun Hae Park to Iran, the statement went to Iran.

During his stay in Tehran, Park supervises the two-dozen agreement between Iran and South Korea to strengthen cooperation on energy, energy, the automotive industry, and railways.

Iran, Azerbaijan Agree on Removing Visa Barriers

Iran, Azerbaijan Agree on Removing Visa Barriers


TEHRAN – Iranian Communications and Information Technology Minister Mahmoud Vaezi announced that Tehran and Baku have agreed on easing issuance of visas for the two countries’ nationals.

“Iran and Azerbaijan Republic reached the final agreement to issue visas at the borders and the agreement will be implemented in the near future,” said Vaezi.

The Iranian communications and information technology minister said that the two sides had also negotiated the promotion of banking and tourism relations.

In relevant remarks mid-February, Governor of the Central Bank of Iran Valiollah Seif said that the CBI “plans to establish a completely independent bank in the Republic of Azerbaijan”.

“The country plans to found a bank in Azerbaijan with 100 percent Iranian ownership,” Seif told reporters.

The CBI governor said the plan made a branch of the bank Melli Iran in Azerbaijan to an independent Azerbaijani bank.

Elsewhere, in his comments, Seif emphasized that on the agenda for Iran and Azerbaijan are certain plans to use their national currencies in mutual business.

“Central banks of both countries are planning to create accounts in national currencies to facilitate trade between Iran and Azerbaijan,” said the CBI governor.

The branch of the bank Melli Iran began to operate in 1993 in Azerbaijan.

At present, 32 banks (including 15 banks with foreign shares) operate in Azerbaijan and 36 banks (including branches of five foreign banks and one common bank) in Iran.