Germany’s exports to Iran exceeded one billion euros in the first ten months of 2024, with total bilateral trade reaching 1.24 billion euros, a 4% increase compared to the same period in 2023.

Although Iran's exports to the EU-27 continued their upward trend from January to October 2024, a decline in Europe's exports to Iran has pushed monthly trade volumes to their lowest point since January 2021.

German Chancellor Olaf Scholz has lost a no-confidence vote in parliament, paving the way for its dissolution and fresh national elections on 23 February.

Germany has become the top choice for foreign direct investment (FDI) in 2023, overtaking the United States, with a total investment of €410 billion, according to recent Eurostat data.

Fortune has released its list of the 100 best companies to work for in Europe for 2024, with two German companies in the top 10.

Iran-Germany Trade Report: January to September 2024

Trade relations between Iran and the EU-27 demonstrated resilience in the first nine months of 2024, with the total trade volume reaching €3.47 billion. This marks a 1% increase compared to the same period last year, driven by a notable rise in Iranian exports to the bloc.

Germany will hold a parliamentary election, following the collapse of German Chancellor Olaf Scholz’s three-party coalition last week.

The German-Iranian Chamber of Commerce and Industry recently held a ceremony in honor of the life and legacy of Ali Soleimani (Haj Seyed Soleiman), founder of Nik Kala and a prominent member of the chamber.