Hungary, Iran discuss economy, energy, market possibilities


Hungary’s Prime Minister Viktor Orbán and two other Hungarian ministers have conducted negotiations with Iranian officials in the past days, focusing on matters of economy, energy and market possibilities, according to reports.

The delegations of the two countries, with Orbán (fourth from left) flanked at center by Tayebnia and Szijjártó (photo: Gergely Botár/

Minister for National Economy Mihaly Varga met with his Iranian counterpart in Budapest. The sides agreed that Iran, with a population of almost 80 million, presents a potential market for Hungarian companies, while Hungary could be an important bridge to Europe for Iran, Hungarian news agency MTI reported.

Varga said a declaration of intent signed at the inaugural meeting of the Hungarian-Iranian Joint Economic Committee on Tuesday was an important step forward, the news agency added. An agreement concluded by the two countries on the avoidance of double taxation, applicable as of January 2017, is expected to facilitate investment and boost trade turnover, noted official government website

Orbán and Iran’s Minister of Economic Affairs and Finance Ali Tayebnia held talks on economic and energy cooperation between Iran and Hungary, as well as investments of the two countries’ companies, Bertalan Havasi, Head of the Prime Ministerʼs Press Office, told 

During the meeting – which was also attended by Minister of Foreign Affairs and Trade Péter Szijjártó – the decisions made at Tuesday’s meeting of the Hungarian-Iranian JEC in Budapest were reaffirmed, the website added. 

The financing side of Hungarian-Iranian economic programs was highlighted, including the improvement of interbank lending cooperation and making import permits more flexible, Havasi was reported as saying.

More Companies Take Action Against Corruption Analysis

More Companies Take Action Against Corruption

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

2 Major Ground Handlers at Budapest Airport Join Forces Transport

2 Major Ground Handlers at Budapest Airport Join Forces

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.