Iran ready to do business with German entrepreneurs

News ID: 4091502 -
TEHRAN, Sep. 19 (MNA) – Labor Minister Ali Rabiei has announced Iran’s readiness for business interactions with German startups and industry owners.

In the specialized panel of German startups and industry owners with holding companies and their subsidiaries, Iranian Minister of Cooperatives, Labor and Social Welfare Ali Rabiei said that the ministry’s four funds that are managed by the private sector, but are supported by the government which guarantees investments, have led to extensive economic cooperation with Germany.

Stressing that the Islamic Republic is a safe and secure country in the region, he said Iran’s market enables the country to have interactions with 300 million people from neighboring states.

He specified that more than 10 percent of Iran’s stock market belongs to the Ministry of Cooperative Labor and Social Welfare, adding that the capital of the ministry’s covered funds amounts to 33 billion dollars.

ZG/4090998

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