ITALY AND IRAN TO SIGN FIVE BILLION EURO INVESTMENT AGREEMENT

Italy and Iran will sign a framework credit agreement worth 5.0 billion euros ($6 billion)whereby Rome will help Italian companies invest in Iran, a Treasury source said.

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.

Source: Reuters

Categories: Investment,News

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