FFE Magazine

Austrian businesses see new opportunities in Iran

by FFE EU News Staff


An Iranian bank teller counts new 20,000 rial notes at Iran's Central Bank


Iran has for a long time been closed to the world because of the country’s nuclear activities. But after a landmark nuclear agreement was forged in Geneva last month, trade sanctions against the country might be eased up by America and the European Union, and countries like Austria are poised to take the first few strides to forge new commercial opportunities.


The vice president of the Austrian Chamber of Commerce along with 14 directors of industrial and trade businesses visited Iran last weekend to talk about the possibility of an economic partnership. Austria and Iran have been in good terms for years despite the trade sanctions imposed by America and Europe over Iran’s nuclear weapons programme.


The companies involved in the talks are yet to be named, but majority come from the fields of oil, industrial machinery and products, rail equipment, light and heavy vehicles engine, steel manufacturing and drilling equipment. Last week, the Austrian media dropped such names like AVL, Doka, Plasser & Theurer, ILF and Doppelmayr.


Iran expects their trade opportunities to increase in the future.





Leave a Reply


Important Advisory

Happy Regalo Information

Heavenly Matters1

Beauty and Fashion

21mar sidebar2




100-yrs-beauty-4-12-14 - Copy

important advisory


 how they do it




Weather Forecast

Philippine Peso Converter
Philippine and European Times