German Diplomat: Iran's economy will develop in upcoming years

German Diplomat: Iran's economy will develop in upcoming years
Germany Deputy Ambassador for economic affairs in Tehran Oliver Portoff said on Sunday that controlling inflation and foreign exchange rates were among Iranian positive measures well done last year and that Iranian economy will develop in upcoming years.

He made the remarks to a Conference on 'Introducing cooperation and investment opportunities for Iranian and German companies'.
Portoff said that Iran enjoys rich resources of oil, gas, young and educated manpower as well as a big market for expansion of industries.
He reminded that Iran successfully left behind hard times of the arbitrary sanctions and today needs financial investment, transfer of technology and creating jobs in interaction with foreigners.
Portoff said that plenty of memorandums of understanding have been signed between Iran and different foreign companies, but, they are passing the stage of banking coordination and preparatory works are underway to carry out the contracts.



May 30, 2016 13:08
IRNA |

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.