Austrian banks resume interaction with Iran banking system

Austrian ambassador to Iran Friedrich Stift said on Monday that following a nuclear deal Iran reached with world powers last year, Austrian banks are resuming banking interaction with Iran, AVA Diplomatic reports.

He made the remarks in a meeting with officials of southwestern Ilam province to explore investment opportunities in the province. The ambassador said that Austrian companies have been cooperating with Iran in different areas such as heavy industries, energy, food industries and automation.

Stift said he was optimistic with enhanced trade relations between Iran and Austria in the next few months.  The US and European countries are sending signals for joint venture investments in Iran, he said.