Italy and Iran to sign five billion euro investment agreement

Italy and Iran will on Thursday sign a framework credit agreement worth 5.0 billion euros ($6 billion)whereby Rome will help Italian companies invest in Iran, a Treasury source said on Wednesday.

The accord foresees the opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects by Italian companies, the source said.

source: Reuters