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                                        Volume. 11976

No limitations on German banks operating in Iran: official
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TEHRAN – There are no limitations on German banks opening branches and offices in Iran, Behrouz Alishiri, the head of Iran’s Organization for Investment and Economic and Technical Assistance, said.
 
In a meeting with a delegation of German businessmen in Tehran, Alishiri said the volume of trade between Iran and Germany has dropped in the past two years due to international economic sanctions imposed on Iran, the Mehr News Agency reported on Saturday.
 
There are no restrictions for foreign investment in the country. Foreign investors can participate in the implementation of economic projects in Iran and benefit from the same advantages and privileges of Iranian investors, he explained.
 
On April 8, high ranking Iranian and German economic officials attended Iranian-German Business Conference, which was held in Berlin, aiming to explore ways to boost bilateral ties.  
 
Iranian Industry, Mines, and Trade Minister Mohammad Reza Nematzadeh led the delegation which was comprised of the director of the Trade Promotion Organization of Iran, three deputy ministers, as well as 10 managers of key Iranian industrial enterprises.
 
The conference was also attended by more than 300 managers of large German companies and economic enterprises.
 
NUMOV, the German Near and Middle East Association, which is Germany's oldest and largest non-profit and independent service provider for the Near and Middle East region, organized the event.
 
On January 14, chairman of Iranian chamber of commerce Gholamhossein Shafei said expansion of trade ties between Iran and Germany will lead to sustainable political relations between the two countries.
 
Shafei made the statement in a meeting with German Ambassador to Iran Michael Freiherr von Ungern-Sternberg in Tehran.
 
The German ambassador, for his part, stated that it is very unfortunate that Iran-Germany economic and trade ties have declined in the past years, and that Germans are unsatisfied with the fact. 
 
In a meeting with Iran’s President Hassan Rouhani on October 7, 2013, Freiherr von Ungern said that his country attaches great importance to economic relations with Iran.

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