German Diplomat: Iran

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Tehran, May 29, IRNA- Germany Deputy Ambassador for economic affairs in Tehran Oliver Portoff said on Sunday that controlling inflation and foreign exchange rates were among Iran`s positive measures well done last year and that Iranian economy will develop in upcoming years.

He made the remarks to a Conference on 'Introducing cooperation and investment opportunities for Iranian and German companies'. Portoff said that Iran enjoys rich resources of oil, gas, young and educated manpower as well as a big market for expansion of industries. He reminded that Iran successfully left behind hard times of the arbitrary sanctions and today needs financial investment, transfer of technology and creating jobs in interaction with foreigners. Portoff said that plenty of memorandums of understanding have been signed between Iran and different foreign companies, but, they are passing the stage of banking coordination and preparatory works are underway to carry out the contracts.