EU READIES FOR LIFTING OF SANCTIONS

European investors with ambitions to tap Iranian markets if US sanctions are lifted under the upcoming Joe Biden administration are being invited to attend a December 14-16 conference funded by the European Union. The Europe-Iran Business Forum comes under the UN’s International Trade Center—an agency jointly managed by the United Nations and the World Trade Organization (WTO)—and the Iran Trade Promotion Organization. The Milan-based European House-Ambrosetti is also supporting the event. It will be hosted on the company’s online conference platform. The forum will be the first event of its kind in two years, according to its organisers. SOURCE: intellinews.com

GREECE TARGETS PRIVATE SECTOR

The Greek government has earmarked almost the entire sum of loans from the Next Generation EU fund – i.e. about 12.5 billion euros – for corporations in the private sector. This forms part of plans for the fund’s 32 billion euros for Greece, per the proposal that Athens will submit to the European Commission this week. The Greek proposal provides for the issue of loans to enterprises for investments that will also have been approved for financing by Greek or European credit institutions, thereby securing some form of sustainability guarantee. SOURCE: ekathimerini.com

DUTCH COMPANY GOES COLD IN INDIANA

A Netherlands-based company has announced plans to invest $150 million and create up to 200 jobs by building a cold-storage facility in Lebanon, Indiana. NewCold says the 380,000-square-foot warehouse will be one of the largest cold storage facilities in the U.S. The building, which will be located in the Lebanon Business Park, will utilize automated storage and retrieval systems to transfer food products in sub-zero temperatures. The Indiana Economic Development Corp. says it offered NewCold up to $2.8 million in conditional tax credits based on its job creation plans. SOURCE: insideindianabusiness.com

SWITZERLAND IN TOP THREE NATIONAL BRANDS

Switzerland is one of the three strongest national brands in the world in the eyes of the global public. The latest ranking by consultants Brand Finance takes into account soft-power factors such as presence, reputation and impact on the world stage. Switzerland comes behind Germany and Britain but ahead of the United States and Canada. SOURCE: menafn.com

PHOTO: An Iranian flag Reuters