13:34 22-12-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
German businesses set to renew contacts with Iran

Bishkek (AKIpress) - iran-germany-flag German businesses are seeking to warm ties with the market of Iran, Ettelaat reports referring to The Wall Street Journal.

“The market will explode when the embargo [on Iran] gets lifted,” according to Stephanie Spinner-König, the managing director of high-tech component maker Spinner GmbH and a participant in one of two German business delegations that visited Iran this year.

If western companies are allowed back into Iran, German companies stand well positioned. Before the UN Security Council imposed sanctions in 2006, German giants including auto maker Daimler and drug maker Bayer were big players there. Industrial conglomerate Siemens entered Iran in 1868 while building Britain's telegraph line between London and India.

Iran's huge oil and gas reserves are another big draw. German exports to Iran could reportedly top €10 billion annually if sanctions are relaxed, from €1.85 billion last year.

Around 100 German companies have branches in Iran and more than 1,000 businesses work through sales agents.


Twitterfacebookprint
17:08 05.08.2014
LATEST NEWS
13:35 State Service for Combating Economic Crimes reveals smuggling of protein and starch from Kazakhstan13:21 Ministry of Justice begins development of legal culture improving strategies13:17 Rosselkhoznadzor ready to help Kyrgyzstan in eradication of FMD13:10 Man arrested for appropriation of $3 million12:48 First $100-mln tranche within Kyrgyz-Russian Development Fund to be received prior to December 31 – President12:45 69 women die in pregnancy, childbirth in Kyrgyzstan12:42 Group-24 extremist movement leader detained in Istanbul12:32 Russian parliament signs agreement with Uzbekistan on import of irradiated nuclear fuel12:25 Police seize 15 kg of marijuana in Barskoon village of Jety-Oguz district12:19 Islam Karimov signs resolution on termination of Eurasian Economic Community12:11 FIFA referee from Kyrgyzstan officiates final match of Indian Super League12:09 Saudi Arabia says won't cut oil output12:07 Minister of Foreign Affairs of Tajikistan in working visit to Moscow12:05 Atambayev highlights Kyrgyzstan's desire to cooperate with all countries in world12:02 Uzbekistan parliamentary elections voter turnout reach 88%11:59 Aibek Usupov wins Cup of Kyrgyzstan in freestyle wrestling11:40 National Guard to open its new unit in Manas airport11:32 Kyrgyzstan's accession to CU, Common Economic Space to have positive impact on development of Eurasian integration and country's economy – Kazakh Foreign Ministry11:31 ADB to provide financial assistance to Kyrgyzstan for education sector development11:29 Kazakhstan not to change 2014 oil output plan despite Tengiz fall
Astana
-6° C
Ashgabat
+9° C
Bishkek
+6° C
Dushanbe
+7° C
Tashkent
+10° C
exchange rates
 
72.35
58.90
9.47
0.97
223.59
182.05
29.27
3.01
6.43
5.25
0.84
0.09
2984.62
2409.67
388.81
45.20
3.48
2.85
0.46
0.05

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75