Tehran, Iran, June 28
By Mehdi Sepahvand –- Trend:
Euler Hermes, a German provider of trade credit insurance, is interested in covering investments in Iran, especially in the energy sector, said Germany’a Economy and Energy Minister Brigitte Zypries.
Zypries made the remarks during a meeting with Iranian Foreign Minister Mohammad Javad Zarif in Berlin, Mehr news agency reported June 27.
The German insurance policy used to be offered in Iran in the past, but a rupture occurred when Tehran was hit by nuclear sanctions.
Iran owed a significant amount of debt to the German government under Hermes, but the debt was fully repaid after lift of sanctions off the Islamic Republic.
According to Zypries, trade between Iran and Germany exceeds $3 billion. She noted that many Germans visit Iran every year and it is no surprise that “when relations between the two nations improve, economic ties will improve as well”.
“Germany intends to enhance banking relations with Iran, given the important role banks play in financing economic projects,” she added.