Tag Archives | Hermes

Germany’s Hermes to Guarantee Iranian Investments

By John Lee. Germany’s Hermes Insurance has reportedly said it is willing to provide insurance coverage for investment projects in Iran, especially in the energy and power sectors. According to Mehr News Agency, the announcement was made at a joint meeting between Iran’s Foreign Minister Mohammad Javad Zarif and German Minister for Economics and Energy […]

NPC in Talks on 12bn-Euro Credit Line

The Director of the Investment Department at the National Iranian Petrochemical Company (NPC), Hossein Alimorad, says his company is busy in talks with two German companies to open credit lines of 12 billion euros. Alimorad, briefing a press conference on petrochemical investment and financing, said the investment and capital attraction and financing projects will take […]

Western Insurers Target Iran

By John Lee. Reuters reports that Iran is in active talks with insurers to provide cover in a market valued at $9 billion last year, and potentially double that in the next decade. This is despite the fact that Iran has secured ties with only a limited number of smaller banks as U.S. sanctions remain […]

Iran Settles €500m Debt to Germany’s Hermes

Iranian Ambassador to Berlin Ali Majedi said the Islamic Republic has cleared its debt to Germany’s Hermes insurance company. Majedi announced on Sunday that Iran has paid off its 500 million euros ($569 million) debt to Hermes, a German government arrangement that protects German companies if foreign debtors fail to pay. He added that the […]

Iran to Boost Banking and Economic Ties with Germany

In a meeting with a delegation of German bankers, Komijani, the Vice Governor of the Central Bank of Iran (CBI) asked for improving Banking and economic co operations between Iran and Germany. He assured Iran abides by its commitment under the agreement with the P 5 + 1. According to the CBI PR department, Komijani […]