23. Juni 2016

Peugeot Joint Venture & Inflation Rate

Inflation Rate Below 10%

Inflation rate in Iran has dropped to 9.5%, announces the Center of Statistics of Iran on Tuesday. Right at the end of the presidency of Mr. Ahmadinejad in September 2013, inflation rate was 35%.
If the inflation remains below 10% for the current year, it will be a great achievement for the Government as it has only happened twice in the history of the Islamic Republic of Iran that inflation rate was below that figure.
The highest inflation rate experienced in the Iranian history, is 110.5% during the World War II, i.e. March 1943-1944.
Source: Central Bank of Iran

Peugeot: Officially in Iran Again

IKAP is the name of the joint firm of Iran Khordo and Peugeot, officially inaugurated this week.
The joint venture is said to be 50-50 and so far 17 subsidiary contracts have been signed between the two companies. The first product, Peugeot 2008 at a tentative price of 700 to 800 million Iranian Rials ($20 K to $23 K) is to enter the market by March 2017.
During the inauguration of IKAP, Mr. Nematzadeh, Minister of Industry and Trade, said that another joint venture between Iran Khodro Diesel, a daughter company of Iran Khordo, and a German car-maker will be signed within the next month, but he refused to name the company.