Iran Europe

Bulgaria business opportunities forum at ICCIMA

Dozens of Iranian businessmen and women took part at a forum that introduced business opportunities in Bulgaria. Iranian Ambassador to Bulgaria Seyed Mohammad Javad Rasouli, Joint President of Iran-Bulgaria and Bulgaria-Iran Joint Committtee Saeid Hadei, ICCIMA first VP Hossein Selahvarzi as well as Deputy head of Buglaria’s Embassy in Iran Radoslav Gergov presided over the meeting.

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France proposes Iran $15bn credit line to run INSTEX: Report

France has reportedly proposed Iran a credit line of $15bn to run the European payment channel with Tehran, INSTEX, as Iran threatens to reduce more of its nuclear commitments in coming weeks.

Financial Markets

Sweden eyes entering INSTEX to resume Iran trade

Many countries are considering joining the European payment mechanism. Sweden, after Finland, is the second Scandinavian country to express readiness to be part of the trade channel.

Financial Markets

INSTEX to renew management, services to fast-track Iran transactions: Report

In a push to process transactions more quickly, INSTEX is rolling out a new factoring service for European exporters. The company is also making new hires that will enable it to expand operations in the coming year.

Financial Markets

Austria to continue trade with Iran under sanctions: Embassy official

A senior Austrian embassy official says Vienna will continue its trade ties with Tehran despite of the unilateral US sanctions.

Mine and Industry

Denmark considering joining INSTEX

The Scandinavian nation wants to be included in the European payment channel with Iran in a bid not to lose the Iranian market in the wake of US unilateral sanctions.

Financial Markets

60 German companies still in Iran despite US sanctions: German industry delegate in Iran

Iran-German trade ties have seen recent downs due to the US sanctions but those measures haven’t stopped dozens of such companies to leave Iran altogehter.

Trade

France, Germany say INSTEX close to first deal in days

The two main European countries behind the European payment mechanism say they are working at top speed to bring the channel online very soon, preferrably before this Sunday when Iran will announce more commitments reduction.

Financial Markets

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