Bank Melli Iran (BMI), the biggest retail bank in Iran has re-opened its Hamburg Branch after the international sanctions against Iran were lifted. The Hamburg branch is now providing facilities such as credit line openings and conducting forex transactions for imports. Lifting of the sanctions has allowed BMI to start negotiations with over 90 international […]

Shanda Consult is organising the specialised Iranian – German SME Investor Forum & Workshop 2016 will be held in Tehran end of Autumn / beginning of Winter 2016. This special workshop will bring together about 25 German investors who are decided to invest in specific projects in Iran with pre-selected and qualifying Iranian companies as matching prospective […]

The Cyprus Company Registrar has extended its initial deadline from 31st of March to 31st of October 2016 for the submission of Annual Returns (HE32 form) of the previous year.   Failure to comply with this requirement will result company strike-off (de-registration) without any further notice.

During his visit in Germany the Iranian Minister of Road and Urban Development, Abbas Akhoundi has held important meetings in order to enhance cooperation between the two countries. He had a “very constructive” meeting with the German Economy Minister Sigmar Gabriel on various joint development projects related to the transportation sector. As a result of […]

The Central Bank of Cyprus has amended its AML and Terrorist Financing Directive, which is based on the provisions of the respective EU Directive, by enhancing the KYC requirements for commercial banks, requiring them “to ensure, through their own procedures the verification of the identity and economic profile of their customers.” The CBC has also […]

Cyprus has successfully exited 10 billion Euro bailout programme before its term and without any successor arrangement. Cyprus has successfully managed to outperform its fiscal targets; in fact the country has used only €7,5 billion from the total of €10 billion financial aid package granted from the Troika international creditors: the International Monetary Fund (IMF), […]