Iran Europe

Parliament approves bill on joint Iran-Hungarian investment

The Iranian lawmakers passed a government bill that encourages and supports investment by both countries. However, the US sanctions have hindered that joint Iran-European projects be materialised.

Trade

INSTEX without capital is like a beautiful car without fuel: Iran

The Iranian representative to the UN says if capital is not injected into the European payment channel with Iran, it won’t suffice as it won’t be able to carry out financial transactions.

Financial Markets

EU’s INSTEX for trade with Iran ‘now operational’,

The European Union has announced that its INSTEX mechanism to facilitate trade with Iran was up and running on Friday.

Financial Markets

Europeans plan to inject capital into INSTEX: Report

Three European signatories to the nuclear deal of 2015, Germany, France and the UK, are expected to inject capital into INSTEX to open credit lines for European companies that are interested in doing business with Iran.

Financial Markets

EU’s Mogherini says INSTEX, ‘ready to be operational’

The European Union’s External Action High Representative Federical Mogherini has said that the INSTEX is ready to be operational and carry out the first trade exchange with Iran before Tehran’s 60-day ultimatum expires next week.

Financial Markets

Former Italian ambassador to Iran visits ICCIMA

Mauro Conciatori, who finished his mandate as head of the Italian mission in Iran, visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with its president Gholam Hossein Shafei on Wednesday 12 June.

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I hope we hear positive news about INSTEX in some weeks: Fmr. Italian envoy to Iran

Mauro Conicatori, who left Iran on Friday after finishing his five-year mandate as the Italian ambassador to Iran, says the work on the European financial mechanism has advanced and that good news will come out in "some weeks".

Video

Slovak business delegation to visit Iran on 23 June: Ambassador

Ambassador of the Republic of Slovakia to Iran says some 30 companies that are interested in keeping trade with Iran will visit the country in coming weeks .

Trade

Czech Republic seeks alternative financial channels to boost trade with Iran

Czech Deputy Minister of Industry and Trade Eduard Muřický says INSTEX is not functional yet so Prague needs to look for other ways of keeping up trade with Iran.

Trade

Iran, Croatia sign MoU on private sector joint investment

The document was inked during a visit by Iranian Economy Minister Farhad Dejpasand to the East European country.

Trade