News ID: 214732
Published: 0232 GMT May 08, 2018

Iran, Croatia to expand banking ties, investment cooperation

Iran, Croatia to expand banking ties, investment cooperation

Iran and Croatia underlined the two countries' willingness to further broaden banking ties and increase mutual investment.

Iran's Deputy Economy Minister Mohammad Khazaei said following a meeting with Croatian Deputy Prime Minister Martina Dalich in Tehran on Tuesday that good talks were held between the officials of Croatian banks accompanying Dalich and the Iranian banks and the Central Bank of Iran (CBI), reported Fars News Agency.

"Several (Croatian) companies have formed a consortium to invest in the Islamic Republic's petrochemical fields and serious talks were held on extraction of oil," he added.

Khazaei added that a major Iranian company and an Austrian firm also plan joint venture in Croatia.

In March, a senior trade official called for developing and broadening banking relations between Iran and Croatia.

Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari urged merchants and traders of the two countries to set up joint venture (JV) investment companies.

In a meeting with Croatian economic authorities, Khansari added, "TCCIMA has planned to strengthen pillar of economic activities with Croatia based on high capacities existing between the two countries, so that fields of technical-engineering services, food industries, medical equipment, energy, petrochemical, textiles, construction and information technology have been placed on top of the agenda."

He said that private sector cooperation between the two countries requires direct flights between the two countries for easy access of merchants, facilitation of issuance of visa for accelerating trade and business ties and also boosting banking cooperation.

"Setting up a joint committee, which has recently been signed by senior officials of Iran and Croatia can be considered as a turning-point for strengthening private sectors of the two countries," Khansari added.

He noted that Iran has provided suitable ground for Croatian private sector to broaden and develop its activities in the country, so that TCCIMA is an important base for establishing ties with Iranian merchants and traders.

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