{"id":98,"date":"2026-02-21T15:14:54","date_gmt":"2026-02-21T11:44:54","guid":{"rendered":"https:\/\/asgarzade.sitedar.com\/yasco\/en\/?p=98"},"modified":"2026-02-21T15:14:54","modified_gmt":"2026-02-21T11:44:54","slug":"austrian-bank-opens-e1b-credit-line-for-iran","status":"publish","type":"post","link":"https:\/\/yasco.org\/en\/austrian-bank-opens-e1b-credit-line-for-iran\/","title":{"rendered":"Austrian Bank Opens \u20ac1b Credit Line for Iran"},"content":{"rendered":"<div class=\"text\">\n<p class=\"rtejustify\">Oberbank, one of Austria\u2019s biggest banks, has allocated a \u20ac1 billion ($910 million) line of credit to finance investment projects in Iran, Austria\u2019s finance minister announced in a meeting with his Iranian counterpart in Tehran on Sunday.<\/p>\n<p class=\"rtejustify\"><a href=\"https:\/\/yasco.org\/en\/wp-content\/uploads\/2017\/06\/636327233777182154_a_1198253874-1.jpg\" rel=\"attachment wp-att-1042\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1042\" src=\"https:\/\/yasco.org\/en\/wp-content\/uploads\/2017\/06\/636327233777182154_a_1198253874-1-300x242.jpg\" alt=\"636327233777182154_a_1198253874\" width=\"300\" height=\"242\" \/><\/a><\/p>\n<p>\u201cNegotiations between the two countries\u2019 central banks have also been finalized while there are a number of Austrian banks interested in establishing correspondent relations with Iranian banks,\u201d Hans Jorg Schelling was also quoted as saying by Shada, the official news service of Iran\u2019s Economy Ministry.<\/p>\n<p>Jorg is leading a high-ranking Austrian delegation consisting of government officials and major Austrian banks and companies\u2019 representatives who have traveled to Iran to promote bilateral trade, expand economic relations and resolve banking issues.<\/p>\n<p>Iran\u2019s Economy Minister Ali Tayyebnia pointed to his last year\u2019s meeting with Jorg in Vienna and called for speeding up the process of boosting economic relations.<\/p>\n<p>During the meeting, the two ministers agreed on implementing changes in their trade laws to avoid paying extra taxes and expand customs collaborations in line with the European Union regulations.<\/p>\n<p class=\"rtejustify\">The Austrian minister made some proposals regarding the issue to Tayyebnia.<\/p>\n<p>Jorg added that reaching agreements for extending legal guarantees to develop economic relations and attract investment of Austrian companies in Iran has been one of the goals of this trip.<\/p>\n<p>He noted that mutual relations have significantly progressed since their last meeting and Austria will do all in its power in the European Union and international organizations to strengthen Iran\u2019s position and develop its international ties.<\/p>\n<p>\u201cThe government\u2019s guarantees for companies that intend to invest in Iran have quadrupled during the past year and I certainly believe trade volume will bounce back to what it was before Iran\u2019s sanctions,\u201d he said.<\/p>\n<p>&nbsp;<\/p>\n<p>Source:\u00a0financial tribune<\/p>\n<\/div>\n<p><span class=\"news-date\">Publuish Date : 2017\/06\/12<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oberbank, one of Austria\u2019s biggest banks, has allocated a \u20ac1 billion ($910 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":99,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/posts\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":1,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/posts\/98\/revisions"}],"predecessor-version":[{"id":100,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/posts\/98\/revisions\/100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/media\/99"}],"wp:attachment":[{"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/media?parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/categories?post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yasco.org\/en\/wp-json\/wp\/v2\/tags?post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}