Iran offers German firms business guarantees

Iran offers German firms business guarantees
Photo: DPA
An Iranian official said on Monday Iran is ready to offer investment guarantees to German companies to counter Berlin's efforts to curb business in the country due to its controversial nuclear programme.

“We will give them guarantees for their investments,” Iran’s Deputy Foreign Minister Mehdi Safari told the Financial Times Deutschland in an interview. “We are open to all kinds of companies.”

Safari, who is to tour Germany in the coming months, said that companies which wished to do so could do business “without a lot of publicity.” A German firm that sought recently to sell a liquified natural gas installation to Iran faced criticism, and the German government subsequently called on others to show “tact” and “moral sense” in its dealings with Tehran.

Iran is subject to international sanctions as a result of its disputed nuclear programme, which the West fears is being used to develop weapons but Tehran claims is only for civilian purposes.