Slovakia Looking to Boost Trade with Iran


TEHRAN (Tasnim) - Minister of Economy of the Slovak Republic Vazil Hudák voiced the European country’s willingness to launch economic cooperation with Iran in a range of fields and to finance projects in the Islamic Republic.

Heading a delegation of businesspeople and representatives from the Slovak banks, Hudák attended a meeting at Iran’s Chamber of Commerce on Monday.

Expressing Slovakia’s readiness to finance projects in Iran, either sponsored by state-run or the private sectors, the European minister said he is accompanied by bank representatives to handle the work on commerce and financing.

The most active economic cooperation between Tehran and Bratislava can be shaped in the automotive industry, given Slovakia’s progress in this sector, Hudák added.

He also highlighted the opportunities available for cooperation between Slovakia and Iran in the nuclear energy industry, renewable energies, waste management, and energy production from organic sources.

There has been growing enthusiasm for closer ties with Iran since implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

The deal took effect on January 16, terminating all nuclear-related sanctions on Iran.