Chinese overseas investments in Europe and especially in Germany have grown exponentially in the past years. 2016 was a record-breaking year in terms of deals and volume transaction with respect to Chinese mergers and acquisitions. China’s outbound M&A grew by 246%, 3.5 times the previous record year in 2015. Among the European countries Germany was/is […]

H.E. Mr Nicos Anastasiades, the President of the Republic of Cyprus is currently on an official three-days state visit in Lebanon. On Monday Mr Anastasiades, his spouse, Mrs Andri Anastasiades and the members of the Cypriot delegation were officially welcomed by the President of Lebanon, Mr Michel Aoun at the Lebanese Presidential Palace in Beirut. […]

According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks’ list. These licenced foreign banks which mostly located in Tehran and Kish Free Trade Zone, are as follows: ·         Hamburg-based Iranian-European Bank ·         Standard Chartered PLC ·         Iran-Venezuela Bi-National […]

As per an announcement made by the deputy economy minister for economic affairs and media, energy and technology, two Iranian private banks will open branches in Munich, the capital of the German state of Bavaria. After lifting of sanctions in January 2016, a number of Iranian lenders have applied to set up branches in Bavaria. […]

A Protocol amending the existing Double Tax Avoidance Agreement with respect to Tax on Income between the Republic of Cyprus and San Marino was signed on the 19th of May 2017, in Nicosia.   The Protocol was signed by the Ministers of Foreign Affairs of the two countries by Mr Ioannis Kasoulides on behalf of […]

According to Tehran Chamber of Commerce, Industries, Mines, and Agriculture, Iranian banks are able to transfer fund directly from the Italy’s Banca Popolare di Sondrio and vice versa. TCCIMA has announced on its website that money transfer services between Banca Popolare di Sondrio and 20 Iranian banks has been established and as agreed transfer service […]