AEOI Chief: Hungarian Banks Ready to Finance Joint Projects with Iran

TEHRAN (FNA)- Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi declared that Hungarian banks have voiced their readiness to finance joint projects with Iran.

“The Hungarian banks have declared their readiness to finance up to 85 million euros for joint projects in Iran,” Salehi said.

The European Union has agreed to support the mutual investments”, the AEOI chief added.

Salehi said that measures have been taken to expand the mutual cooperation between the two countries, and expressed the hope that bilateral ties would increase in the future.

The AEOI chief said that after the implementation of Joint Comprehensive Plan of Action (JCPOA), the two countries can see the expansion of cooperation in the fields of safety, education, science and power plant construction.

In relevant remarks in early February, Iranian Economy Minister Ali Tayyebnia and Hungarian Prime Minister Viktor Orban in a meeting in Budapest underlined the need for removing obstacles on the way of boosting banking relations between the two countries.

During the meeting, Orban underscored the significance of Tehran-Budapest ties in the areas of energy and economy.

He also called for promotion of economic cooperation between the two countries.

Both officials also emphasized the importance of establishing banking ties and removing existing obstacles, maintaining that allocation of credit lines to economic activities and flexibility in imports and exports will help increase commercial exchanges between the two nations.





Source: Fars News Agency