Iranian trade delegation due in Austria in mid-October

Iran is scheduled to send a trade delegation to Austria in mid-October to explore ways to promote trade exchanges between the two countries.

Austrian Airlines to resume Vienna-Tehran flights from July 17

Austrian Airlines will resume Vienna-Tehran flights as of July 17, says Mohammad Hassan Zibakhsh, spokesman of the Civil Aviation Organization of Iran.

Iran Air resumes flights to Vienna

Iran’s flag carrier airline, IranAir, has resumed roundtrip Tehran-Vienna flights from August 15. The airline will offer flights to Austria’s capital on Saturdays and Wednesdays.

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.

Iran private sector welcomes INSTEX, vows to make it ‘big success’

INSTEX (Instrument in Support of Trade Exchange) is the new denomination of Europe’s special purpose vehicle (SPV) that’s been designed to include trade of pharmaceuticals, medical devices and agri-foods between three European countries and Iran in the face of unilateral US sanctions.

INSTEX preserves Europe’s economic sovereignty: Austria envoy

The European Union has set up and registered a special purpose vehicle to do "legitimate business" with Iran in the face of unilateral US sanctions. A top European diplomat believes such a payment channel will also benefit the Union’s 28 member states as well as Iran.

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Austria calls for ’fast’ actions to make INSTEX operational

Austrian Ambassador to Iran, Stefan Scholz, calls the establishment of INSTEX (Instrument in Support of Trade Exchange) a "huge success", saying the new European financial mechanism has helped Iranian currency rial recover after recent falls in value following US unilateral sanctions.

Austrian companies ready to trade with Iran within INSTEX: envoy

After the nuclear deal was signed and ratified in 2015, many European businesses jumped to seize the opportunity to engage in commercial activities with Iran. But, restored US sanctions torpedoed their cooperation. Now, with European financial channel in place, they are eager to resume trade.

Austria looking for cooperation with Iran in renewable energy field

Austrian ambassador to Iran announced that his country is looking for cooperation with Iran in renewable energy field such as solar energy, wind power and other similar things.

Iran-Austria trade to reach €400 million

At a joint event attended by the 36-strong delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture and its Viennese counterpart, an Austrian official heralded the imminent improvement in Iran-Austria trade ties as banking channels are being restored.