Luxembourg’s Economy Minister Etienne Schneider starts his three-day visit to Iran on Monday.

He will be accompanied by a Chamber of Commerce business delegation comprised of 40 representatives from Luxembourg companies.

The agenda includes several meetings with Iranian business leaders, who are mainly active in the field of ICT. In addition, Schneider will meet with, among others, Ali Tayebnia, Iran’s Minister of Economic Affairs and Finance

At the beginning of the year, economic sanctions against Iran were lifted. Since then, many European companies are trying to gain new ground in the country.