TEHRAN (ecoideal)- Senior Iranian and Hungarian officials signed a memorandum of understanding (MoU) to persuade and support investment by the two countries' private sectors.
The MoU was signed by Iranian Economy Minister Massoud Karbasian and his Hungarian counterpart Mihaly Varga in Tehran on Monday afternoon.
Meanwhile, a joint venture contract and investment in the field of agriculture and agro-industry was signed between Hungarian LAC Holding and Iranian 'Nika Basir Payam'.
Karbasian said on the sidelines of the signing ceremony that
"These agreements will help investment atmosphere between the two countries and in view of the Hungarian membership in European Union, it will reduce the risk of investment," the Iranian economy minister added.
The MoU focuses on persuasion and support for investment between Iran and Hungary, and joint venture contract and investment in the field of agriculture between private sectors of the two countries.
In a relevant development in May, Iranian Ambassador to Budapest Gholamali Rajabi Yazdi and Chairman of Hungarian Chamber of Agriculture Balázs Győrffy underlined the need for expanding agricultural cooperation between the two countries.
During the meeting in the Hungarian capital on Friday, Rajabi Yazdi and Győrffy explored avenues for bolstering and reinvigorating bilateral relations, specially in the field of agriculture.
The two sides discussed many existing capacities and opportunities for bilateral cooperation in the field of agriculture.
The Iranian ambassador pointed to the upcoming visit two delegations from Iran's private sector to Hungary, and said, "It will be a golden opportunity for increasing bilateral interactions and cooperation on agriculture."
Rajabi Yazdi further called for planning to establish links between the two countries’ active sectors on agricultural production.
Source: Farsnews