The meeting, which was also attended by Hungarian Foreign Minister Péter Szijjártó, was focused on the financing of the Hungarian-Iranian economic programs , which involves developing cooperation in interbank crediting and making import licensing more flexible. The sides confirmed decisions made at the inaugural meeting of the Hungarian-Iranian economic mixed committee earlier in the day, where several several economic agreements were reached, Szijjártó said.
Hungary’s Eximbank has opened an 85 million euro credit line to support Hungarian-Iranian business ties and the establishment of joint ventures. Once approved by Brussels, the two countries will begin talks on an investment protection deal. Eximbank will lead the talks on creating direct inter-bank links. The two countries also reached a deal that will afford Hungarian products and technologies an advantage with Iran’s import licensing authority. An agreement was reached on Hungary’s Ikarus Global delivering several hundred buses to Tehran with the financing of Eximbank. The two countries will enhance cooperation in the energy sector, which includes opportunities for Hungarian companies in developing Iran’s energy infrastructure.
Iranian Economy and Finance Minister Ali Tayebnia welcomed the agreements, and said that due to its geographical position Hungary serves as a gateway for Iranian companies in building partnerships with European countries.
via hungarymatters.hu and MTI; photos: Gergely Botár – kormany.hu