Germany is asking tech giants Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft to contribute to the costs of complying with the new EU rules, aiming to "limit their power," according to Reuters.
On February 26, 2024, a cooperation agreement was signed between the German-Iranian Chamber of Commerce and Industry and the Tehran Printing and Packaging Union to establish communication and cooperation using the facilities and capacities of the parties involved.
Although European exports to Iran reached their highest level in the last 15 months in the last month of 2023, the total volume of trade between Iran and Europe in the whole year shows an 11% decrease.
The success of Demo Day 2024 can be recognized by the fact that the local innovation ecosystem welcomes the NexGen activities and notes an increase in the quality of the participating startups compared to previous events.
Members of the NexGen steering committee and executives of the German-Iranian Chamber of Industry and Commerce emphasized the vital role members play in directing the course of innovation in Iran, after holding Demo Day successfully.
In February 2024, the foreign trade statistics of Iran and Germany were published, showing a 23% decline in the volume of transactions between the two countries in 2023 compared to the previous year.
NexGen marked a significant stride in its transformative journey through 2023-24 with the grand culmination at NexGen Demo Day. Eight visionary startups capitalized on the opportunity to present their groundbreaking innovations to key players within Iran's entrepreneurial landscape.