Financial Tribune- Iran exported more than �114 million worth of commodities to Austria during the 11 months to Nov. 30, 2017, indicating a 120% hike compared with the corresponding period of last year.

Imports from the European country into Iran amounted to �276.96 million during the same period, showing a 15% increase YOY, the latest Eurostat figures shared with Financial Tribune show.

As such, Iran-Austria trade stood at over �391.6 million to register a 34% rise compared with the similar period of last year. Austria�s Oberbank signed a finance deal worth �1 billion with 14 Iranian banks in September to fund Austrian development of civil and production projects in Iran.

The contract was signed during the Iranian delegation�s visit to Austria headed by Ahmad Araqchi, CBI�s deputy for foreign exchange affairs, and Mohammad Khazaei, deputy minister of economy.