Germany offers bank opened in Iran

Young journalists club

News ID: 4085
Iran » Iran
Publish Date: 12:12 - 04 May 2014
Tehran, YJC. DIHK Vice President has proposed to open a bank in Iran.

The Vice President of the Dutch Industrial and Commerce Chamber (DIHK) met Iran’s Deputy Minister of Economy on Saturday.

Behrooz Alishiri providing comments on his visit with the German businessman said "It is a pity that in the past two years, due to global situations the volume of trade between Iran and Germany has decreased. The two countries’ officials, chambers of industry and commerce in particular, have to work harder to take the countries’ relations back to the normal level as soon as possible.”

"There is no restriction for foreign investment in Iran. Foreign investors can like Iranian ones invest in any of the free sections and take part in economic projects,” Iran’s Deputy Minister of Economy said.

He further stated in answer to a question by the German delegation if German banks can start operation in Iran "According to the law there is no restriction to launch a German bank in Iran, be it an office, a branch, or an entirely independent bank. The investors would better contact the foreign investment centers so that their job may be facilitated.”

The DIHK VP in turn expressed pity over the decline in Iran-Germany’s trade levels and hoped that with the incumbent administration’s approach in favor of global cooperation, grounds would be laid for the private section to start business in Iran.

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