EghtesadOnline: The government of Sweden has reportedly authorized a local business to create a mechanism based on a globally popular virtual currency to transfer funds to Iran. The move is already believed to have the potential to facilitate investing in the Islamic Republic where transferring money in and out became complicated as a result of years of restrictions as well as US primary sanctions.

EghtesadOnline: A company in Sweden has come up with an innovative solution which both bypasses US sanctions and does away with the need for banks to process transactions with Iran.

EghtesadOnline: After a meeting with the Swedish Minister for European Affairs and Trade Anne Linde, Iran's Minister of Communications and Information Technology Mahmoud Vaezi announced that two Swedish banks will allocate credit lines to Iranian companies in the field of communications and information technology.

EghtesadOnline: Executive Director for Investment in Sweden's Commerce Ministry Ms. Elva Berri said on Saturday that Swedish companies are so interested to invest in Iran by sharing know-how.

EghtesadOnline: The Islamic Republic of Iran and Sweden signed five memorandums of Understandings (MoUs) on Saturday in different fields, including science and technology in order to consolidate and deepen mutual cooperation.

EghtesadOnline: Head of Sweden Trade Council Ilva Berry said that inauguration of his country's representative office in Tehran will provide an opportunity for the two countries’ business community and investors to develop further understanding about infrastructural projects.

EghtesadOnline: An Iran-Sweden business forum is scheduled to be held February 11 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

EghtesadOnline: President of Swedish Trade and Invest Council Ylva Berg believes that there is plenty of interest from Swedish firms to offer high quality and sustainable solutions to Iran.

EghtesadOnline: ‘Anna-Karin Jatko’ Director General of Swedish Export Credit Guarantee Board stresses that there is no limit to issuing export guarantee to Iran.

EghtesadOnline: Speaking in a meeting with International Council of Swedish Industry (NIR) members, Presidential Chief of Staff Mohammad Nahavandian said that stability and peace prevailing Iran's macroeconomy have prepared the grounds for developing economic interactions and investment.

EghtesadOnline: A Swedish firm, MentMed AB, has signed a memorandum of understanding with Iranian medical firm Kian Tajhiz Mehr Afarin to develop accessibility products for the elderly and disabled in Iran.