IRNA – Austrian Ambassador to Tehran Friedrich Stift said on Monday that Austria is very optimistic about normalization of banking and commercial cooperation with Iran and many obstacles to this end have been removed.


Speaking to IRNA, Stift said that presently a number of Austrian banks are now cooperating with Iran, but easing more trade exchange and investing in projects require deepening of banking cooperation.

Austria calls for expansion of economic cooperation with Iran and will spare no efforts to normalize banking relations with Iran, the Austrian ambassador said.

One-billion-euro credit line to finance joint venture projects will be increased in the near future, he added.