Mon Oct 18, 2021 01:22:05
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In a cabinet session chaired by President Rouhani;

Cabinet approves bill on backing 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 the Islamic Republic of Iran and Hungary.

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Sun 31 - December 2017 - 22:05

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.

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