Oil & Gas

German banks to finance economic projects in Iran

German banks are ready to finance economic projects in Iran, Federal Minister of Finance Wolfgang Schäuble (photo) announced in a meeting with Iranian Foreign Minister Mohammad Javad Zarif in Berlin. Hermes, the official German export credit insurance agency, announced readiness to back investing projects in Iran, especially those in power and energy sectors as well.

According to IRNA, the Iranian Foreign Minister, who had travelled to Berlin to deliver speech in the European Council on Foreign Relations (ECFR) Annual Council Meeting, also visited German Economic Affairs and Energy Minister Brigitte Zypries.
Zypries expressed content about the current annual three-billion-dollar bilateral trade between the two countries, saying that Germany is interested in boosting political and economic cooperation with Iran in all areas via fortifying insurance and banking ties.

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