Italy launches Invitalia to back companies to invest in Iran

EghtesadOnline: Italian government has established a new financial organization with state guarantees to support the businesses that plan to invest in Iran.

News ID: ۷۸۰۲۹۷

05 November 2017

In its budget bill, the Ministry of Economy and Finance introduced a solution, called Invitalia, for financing Italian companies planning to invest in Iran. Despite the unilateral US sanctions on Iran, Invitalia provides the companies with the necessary credit and insurance, Adnkronos News Agency reported.

According to IRNA, the Italian government has taken the initiative to safeguard the existing agreements between Iran and Italy, and also support the companies that intend to invest in Iran.

According to the budget bill, limitations caused by the unilateral sanctions of certain countries on other countries will be lifted.