I ran and Italy will on Thursday sign a framework credit agreement worth €5 billion whereby Rome will help Italian companies invest in Iran, an Italian Treasury source said on Wednesday. The accord foresees the opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects by Italian companies, the source said.
Following the implementation of the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear accord with world powers) that helped Iran’s banking system resume correspondent relations with foreign lenders, Bank Day has taken measures to make the most of this opportunity, the bank’s CEO announced.
Government officials and investors all agree that Iran needs to improve its business climate to attract the needed investment for job creation. One of the phenomena that can help ease the process of doing business is the country’s customs organization.
Una grande opportunità economica che l'Italia e l'Europa ancora non riescono a cogliere, almeno nel campo dei grandi investimenti infrastrutturali, perché bloccate dalla paralisi imposta al sistema bancario dagli Usa. E' il quadro uscito dall'Iran-Italy Summit svoltosi di recente a Roma su iniziativa di The European House Ambrosetti, il secondo dopo quello a Teheran nel 2016, e che ha accolto anche una folta delegazione di imprenditori iraniani.
Italy concluded a series of commercial talks with Iran this week, strengthening ties with the Middle Eastern country, despite the United States adopting a more hardline approach toward Tehran. When Washington helped broker a landmark nuclear deal with Iran two years ago, Italy, one of the United States’ closest allies for more than 70 years, was a strong supporter of the measure.
Scores of Italian investors and economic officials have voiced readiness to further expand their presence in various Iranian projects once all banking obstacles are removed.