Iran and Turkey issued a joint press release as Iranian President Hassan Rouhani is preparing to pay an official visit to Ankara on Monday.

The press release said the Iranian president will embark on a two-day official visit to Turkey on Monday at the invitation of President Gul.

"President Rouhani will discuss expansion of bilateral ties during his upcoming meetings with his Turkish counterpart Abdullah Gul and Prime Minister Recep Tayyip Erdogan in Ankara," it added.

It also said that the two sides will hold the first meeting of Iran-Turkey Cooperation Council during President Rouhani's visit to Turkey.

President Hassan Rouhani plans to pay an official visit to Turkey to discuss the latest developments on the international and regional scenes and explore new avenues for reinvigorating all-out ties.

During his stay, President Rouhani will hold separate meetings with the Turkish president and prime minister.

Iran and Turkey increased their trade transactions in the first two months of 2014 as compared with the figures of the corresponding period in the last year.

The value of trade transactions between Tehran and Ankara hit $2.115bln in January and February, the trade data recently released by the Turkish government said.

Iran and Turkey have in recent years increased their cooperation in all the various fields of economy, security, trade, education, energy and culture.