Iran's Refah company has negotiated with a number of European and Asian companies to launch chain stores in the country, deputy head of Chain Stores Guild Union Farshid Gol Zadeh said Tuesday.





MOSCOW (Sputnik)�� According to IRNA new agency, Zadeh expressed the hope for�participation of�foreign companies in�the development of�retail industry in�Iran.


He noted that Refah Chain Stores Company had 220 branches in�Iran. Last year, 10 branches have been modernized, while forty branches were expected to�be upgraded this year.

Iran began stepping up�international trade and investment cooperation after�reaching a historic deal on�its nuclear program to�ensure its peaceful nature in�exchange for�the suspension of�international anti-Iran sanctions, in�particular on�its oil sector, in�July 2015.

In mid-January, the sanctions were removed after�the International Atomic Energy Agency verified Tehran�s compliance with�the nuclear agreement.
By Sputnik News