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 […]

Cyprus and China can mutually benefit from The One Belt, One Road Initiative. The One Belt, One Road Initiative (OBOR) refers to the The Silk Road Economic Belt (road from China to Europe) and the 21st-centruy Maritime Silk Road (shipping lanes throughout Asia and the Pacific) development strategy proposed by the Chinese President Xi Jinping […]

Bonyad Eastern railway company (Bonrail) and German State Railway, have signed a MoU for technical and financial cooperation on 20 May 2017 in Tehran. This MoU was sealed on the last day of RailExpo, the 5th International Exhibition of Rail Transportation, Related Industries & Equipment, which was held in Tehran International Permanent Fairground on 15 […]

The EBRD and Cyprus have signed a €2.2 million agreement to strengthen small and medium-sized business (SME) support in Cyprus. EBRD President Sir Suma Chakrabarti and the Minister of Energy, Commerce, Industry and Toursim of the Republic of Cyprus, Mr Yiorgos Lakkotrypis have signed a €2.2 million agreement to strengthen small and medium-sized business (SME) […]