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Italy

  • EghtesadOnline: An Italian Foreign Ministry official says his country is reviewing details about the newly developed financial mechanism known as INSTEX and is considering joining it.

  • EghtesadOnline: Italian investment companies remain active in Iran, despite the unilateral US sanctions, says the head of Trade Promotion Section of the Italian Embassy in Iran.

  • EghtesadOnline: An Italian appeal court has overturned an earlier verdict by a lower court to temporarily freeze $5 billion belonging to the Central Bank of Iran demanded by American plaintiffs who blame Iran for a 1983 bombing of a US Marine Corps barracks in Beirut.

  • EghtesadOnline: Officials from Iran’s Road Maintenance and Transportation Organization of Iran, affiliated with the Ministry of Roads and Urban Development, held a meeting with Italian road transportation officials in Tehran on Monday to expand cooperation in the field of road transportation.

  • EghtesadOnline: Close to 39.14 billion rials ($936,843) worth of sunglasses were imported into Iran during the first four months of the current Iranian year (March 21-July 22), figures released by the Islamic Republic of Iran Customs Administration.

  • EghtesadOnline: Albeit facing many barriers at a low level, banking ties between Iran and Italy have not been fully severed despite the fact that the first round of US sanctions has snapped back, the president of Iran-Italy Chamber of Commerce said.

  • EghtesadOnline: Iran traded 371,876 tons of non-oil commodities worth $508.04 million with Italy during the first four months of the current fiscal year (March 21-July 22), registering a 40.12% growth in tonnage and a 3.71% decrease in value compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s latest data show.

  • EghtesadOnline: Minister of Finance and Economic Affairs Ali Tayyebnia said on Wednesday that after the nuclear deal reached between Iran and world powers last year, Tehran expects further relations with the World Bank and International Monetary Fund.