Baku, Azerbaijan, Feb. 9
By Farhad Daneshvar – Trend:
Iran and Hungary have concluded several agreements to encourage bilateral economic ties, including a deal on shipping hundreds of buses to Tehran.
Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto has said Ikarus Global Cls will ship hundreds of buses to Tehran, Hungarian government’s official news website reported.
According to the minister, the deal will be financed by Hungary’s Eximbank.
The sides reached the agreement within the framework of the first session of the Hungarian-Iranian Joint Economic Committee held in Budapest over the current week.
The two countries will also tighten their cooperation on energy, creating the opportunity for Hungarian enterprises to become involved in the development of Iran’s energy infrastructure, Szijjarto said.
The minister said the economic potential between Hungary and Iran is indicated by the fact that annual trade flow between the two countries used to be some $350 million, but fell to roughly a tenth of that during the period of sanctions and currently stands at some $30 million.
The sides also signed a memorandum of understanding between Hungary’s Ministry of Human Capacities and Iran’s Ministry of Youth Affairs and Sports, as well as an action plan of tourism cooperation between the Hungarian Ministry of National Development and the Iranian Cultural Heritage, Handicrafts and Tourism Organization (ICHHTO).
Tayebnia heading a delegation arrived in Hungary on Feb. 7 to attend the Hungarian-Iranian Joint Economic Committee’s first session.