Talking to IRNA on Monday, the expert who wished to remain anonymous, said that given that many prosperous entrepreneurs are busy working in Tehran, the ground is quite apt for activities of small and medium size Italian companies in Iran.

He said Iran enjoys extensive potentials for economic activities, noting that many Italian companies are keen to work in Iran.

Iran needs to amend and improve its financial system to pave the way for presence of foreign companies in the country.

60 production and service companies from Italy took part in a recent exclusive exhibition in Tehran.

Italy retained its economic relations with Iran during years of sanctions.