Economy, Business And Markets

Hungarian Chamber to Open Tehran Office

Hungarian Chamber to Open Tehran OfficeHungarian Chamber to Open Tehran Office

The Head of the Hungarian chamber of commerce’s office in Yerevan has announced that the chamber is planning to set up a new office in Tehran in the near future, Fars News reported.

“The Hungarian chamber of commerce will launch a branch office in Tehran soon,” Andranik Arashkian said during a visit to Aras Free Zone in northwestern Iran.

Arashkian and members of the chambers of commerce of Armenia and Hungary visited the Aras Free Zone to study the investment opportunities of the Iranian trade zone. They also discussed economic and investment opportunities in a meeting with Deputy Managing Director of Aras Free Zone Aliyar Rastgou.

“The first group of Hungarian investors and businessmen will arrive in Iran for negotiations (on joint investment) in January,” Arashkian said.

He noted that the Hungarian chamber of commerce has 20 representative offices across the world, and said: “ developed countries with a bright future are the target of the Hungarian chamber of commerce (for investment).”

Arashkian reiterated that Hungarian investors and businessmen are interested in cooperating with Iranian businessmen.

Rastgou, for his part, pointed to the advantages of foreign investment in Aras Free Zone, and said, “Aras Free Zone is a strategic region for free trade and lucrative investments.”

In October 2013, Iranian Foreign Minister Mohammad Javad Zarif and his Hungarian counterpart Janos Martonyi, in a meeting in New York, pledged to do their best to bolster bilateral relations between Tehran and Budapest in all fields.

During the meeting held on the sidelines of the 68th UN General Assembly session, the two top diplomats stressed that there is great potential to further expand cooperation between the two countries.

Zarif expressed Iran’s readiness for advancing relations with Hungary in various areas, including parliamentarian affairs and exchange of visits.

The Hungarian foreign minister, for his part, said that he believed ties with Iran should be expanded especially in the areas of academic, scientific, educational, trade and agricultural sectors.