Hungarian Bus-Maker to supply Iran

By John Lee.

Hungarian bus maker Ikarus has reportedly signed an agreement to export 1,000 buses to Iran.

Company Chairman Gábor Széles was among a 20-strong business delegation on an official visit to Iran last the weekend.

The quantity is equivalet to one-third of full year’s production for the company.

According to Budapest Business Journal, Magyar Eximbank has opened a $162 million credit line to support the project.

(Source: Budapest Business Journal)

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