Economy, Business And Markets

EDBI to Launch Multilingual,Online Market

EDBI to Launch Multilingual,Online MarketEDBI to Launch Multilingual,Online Market

Export Development Bank of Iran will soon launch an online market place to exhibit Iranian exportable goods in 20 languages.Saied Mostashar, managing director of EDBI Holdings, said his bank would pay special incentives to exporters selling their goods through “Cheegel Marketplace”, EDBI’s website reported on Saturday.The platform is developed in collaboration with a knowledge-based company, located in Fars Province, he added.Cheegel is an intelligent marketplace, as it features goods based on thevisitors’location. Mostashar added that the platform is set to help boost export of goods to Russia in the first phase. The holding will also offer legal and logistic helpto private companies. More information is available on Capital Intelligence (CI), the international credit rating agency, in January upgraded the long-term Foreign Currency Rating (FCR) of Export Development Bank of Iran (EDBI) to ‘BB-’ from ‘B+’ with the outlook maintained ‘Stable’. The short-term FCR has been affirmed at ‘B’. The bank’s Financial Strength Rating (FSR) was maintained at ‘BB-‘, also with a ‘Stable’ Outlook.