69844
Demetris Syllouris (L) meets Es’haq Jahangiri.
Demetris Syllouris (L) meets Es’haq Jahangiri.

Iran, Cyprus Welcome Broader Banking Ties

Iran, Cyprus Welcome Broader Banking Ties

Iran’s First Vice President Es’haq Jahangiri met with the speaker of the parliament of the Republic of Cyprus and called on the eastern Mediterranean nation to expand its banking ties with Iran.
“When a European government is committed to work with Iran, their banks have found it easier to work with their Iranian counterparts and we expect Cyprus to do more in this regard,” Jahangiri was quoted as saying by IBENA.
The official was meeting on Saturday the head of the Cypriot Parliament, Demetris Syllouris, who had travelled to Tehran to take part in the inauguration ceremony of President Hassan Rouhani.
Jahangiri noted that a number of European banks have rekindled ties with Iran following the nuclear accord and opened letters of credit while some Iranian banks have reopened their European branches.
“There are no legal limitations for European banks working with Iran,” he said, adding that the hesitation on their part is because the US has created an environment that fosters concerns.
He hoped that during the next trip of a trade delegation from Cyprus to Iran, banking officials would identify and target a platform of mutual collaboration and create suitable banking relations.
Jahangiri also pointed out that holding joint conferences or even commissions can help expand ties, adding that such events can remove economic, political and cultural hurdles.
Syllouris, who was the leader of the Cypriot European Party between 2005 and 2016, noted that Iran and Cyprus have had ties for centuries and welcomed development of cooperation in various levels.
“Work and collaboration between companies and universities of both countries have begun, but to reach an agreeable level for both sides, we need to solve problems that exist in banking ties,” he added.
The Cypriot parliamentary head announced that a delegation of traders and businessmen from his country will travel to Iran in the near future, signaling that his nation welcomes further ties with Iran, which will become more effective when banking barriers are removed.
Syllouri referred to the launch of Iranian bank branches in Cyprus and Greece as one of the ways by which banking hurdles can be eliminated and added that negotiations between top officials of the central banks of both nations can create the necessary momentum.   

 

Short URL : https://goo.gl/WSWCCp
  1. https://goo.gl/CJJNiJ
  • https://goo.gl/TUQmvz
  • https://goo.gl/BJbcCY
  • https://goo.gl/HLy5tj
  • https://goo.gl/qxsBsj

You can also read ...

Tehran, Seoul Sign MoUs for Technology Transfer
Iranian and South Korean private companies signed 22...
Bank Maskan Ready to  Issue MBS Worth $240m
Iran’s agent bank of the housing sector has notified the...
With a 37-kilometer coastline alongside the Persian Gulf, Bushehr accounts for about half of Iran’s maritime trade.
A total of 25.5 million tons of non-oil goods, including gas...
Tax Revenues at $19 Billion
As much as 1,000 trillion rials ($23.8 billion) had been...
8-Month Auto Output
The automotive industry is the second most active industrial...
Metal Exports Earn $2.5b in 7 Months
Iran exported 5.78 million tons of metallurgical products...
Nissan Prepares for Public Tests of Driverless Taxi
Nissan Motor Co and Japanese gaming software maker DeNA Co say...
Mohammad Mehdi Behkish, secretary-general of the Iranian National Committee of the International Chamber of Commerce, addresses TCCIM’s annual anti-corruption event on Dec. 11.
Ahead of the publication of the Global Corruption Report by...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus