Envoy: Czech willing to finance Iran projects
The Czech Republic is willing to invest in development projects in Iran by allocating a multimillion-dollar credit line, stated the Czech ambassador.
According to IRNA, Svatopluk Cumba further said on Sunday that the Czech Republic is planning to allocate €100 million to support Iran’s infrastructure projects and an agreement to this effect will be signed by the two countries in the near future.
He underlined that a significant number of his country’s businesses were eager to enter the Iranian market and take advantage of its potentials.
Iran’s trade with the Czech Republic reached $27.1 million in the first half of 2017.
The announcement of a new credit line for Iran investments follows several other recent moves in the same direction.
In late September, Iran saw a historic opening in banking relations with Europe after banks from Austria, Denmark and France signed deals to establish credit lines for investments in the country.
The biggest such credit line was created by Austria’s Oberbank which signed deals with 14 Iranian private companies to allocate €1 billion for investments by Austrian companies in the country.
Another was created by Denmark’s Danske Bank with a total lending value of €500 million.
To the same effect, France’s state investment bank Bpifrance (BPI) announced plans to support French enterprises in investments in Iran.