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Italy and Iran to sign five billion euro investment agreement: Treasury source

10 Jan 2018 - 15:30


Reuters- Italy and Iran will on Thursday sign a framework credit agreement worth 5.0 billion euros ($6 billion)whereby Rome will help Italian companies invest in Iran, a Treasury source said on Wednesday.

The accord foresees the opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects by Italian companies, the source said.


Reporting Giselda Vagnoni, writing by Philip Pullella




Story Code: 289516

News Link :
https://www.theiranproject.com/en/news/289516/italy-and-iran-to-sign-five-billion-euro-investment-agreement-treasury-source

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