Cabinet Backs Iran-Hungary Investment

The Council of Ministers convened on Sunday in a session that was chaired by President Rouhani and approved the bill on mutual support of investment between the governments of Iran and Hungary.

The bill will now be forwarded to the Islamic Consultative Assembly for ratification.

Strengthening economic cooperation in order to achieve mutual interests of both parties, regulating investment within the territory of the parties, maintaining a general balance of rights and obligations between investors and the host government, and creating and maintaining favourable conditions for investment of investors of the two parties within each other’s territory were among the objectives of the agreement.

The cabinet also discussed and agreed on amending the Statute of the Capital Market Stabilisation Fund.

(Source: Website of the President of the Islamic Republic of Iran)

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