Iran-Austria to tighten the banking ties!
– In a meeting amid Iran Minister of economy and his Austrian counterpart both side reaffirmed the mutual consent to develop the two nations banking ties. In that regard, Über uns, the biggest of Austrian Banks is to dedicate a figure of EUR 1 bn to capitalizing Iranian investment projects. Hans Jörg Schelling aslo stated that all the Autrian banks are eager to develop bilateral correspondents with their Iranian bodies. Further this session the feasibility of a double taxation scheme between two countries discussed and both sides reached and agreement on most fundamental basics.