Hungary wants to significantly deepen ties with Iran

December 4, 2017

Hungary wants to significantly deepen ties with Iran
Hungarian Prime Minister Viktor Orbán (L) with Iranian First Vice President Eshaq Jahangiri during a state visit in Tehran in 2015 | Photo: Facebook/Orbán Viktor

Magyar Idők, a pro-government propaganda daily, reports that Hungary wants to significantly deepen economic ties with Iran.

According to the print daily, Minister of National Economy Mihály Varga held a joint press conference with his Irani counterpart in Tehran to announce stronger economic ties between the two countries. Hungary may be an important entry-point into Europe for Iran, Varga said.

Earlier this year, the two countries signed a “declaration of intent” regarding nuclear cooperation in Tehran.

In a statement released on Sunday by the Ministry of National Economy to Hungary’s state-run news wire (MTI), Varga said

  • the government of Hungary considers Iran to be a significant player in Asia,
  • Economic relations should be strengthened in the aftermath of the sanctions imposed against Iran,
  • Direct flights should be launched between Tehran and Budapest,
  • The Hungarian government is working on strengthening banking relations between the two countries,
  • Eximbank, Hungary’s state-run import-export bank, has allocated USD 162 million for the strengthening of economic relations with Iran.