Tehran, Sofia sign MOU on economic, tourism co-op

March 10, 2016

TEHRAN - Iran and Bulgaria signed a memorandum of understanding (MOU) to cooperate in a broad range of areas including insurance and baking, transportation, energy, agriculture, industry, aerology and tourism.

The deal was clinched in the meeting between Iranian Transport and Urban Development Minister Abbas Akhoundi and Bulgarian Transport, Information Technology and Communications Minister Ivaylo Moskovski, the Islamic Republic of Iran Broadcasting (IRIB) reported on Wednesday.

The two countries’ ministers reached the agreement on Tuesday in the wake of the 18th meeting of Iran-Bulgaria Joint Economic Committee which was held in Tehran on March 7.

*** ‘Iran-Bulgaria banks, insurers to start collaboration’

In the field of industry, Akhoundi said, the MOU envisages collaboration in urban development projects and technical issues, communication between industrial parks and mutual monitoring of quality licenses.

According to the deal, he said, it was agreed to develop ties between insurance companies and export guarantee funds while the two sides’ banks undertook to carry out required transactions.

*** Iran to spread land, sea, air transport lines with Bulgaria

In terms of transportation, Iran and Bulgaria concurred to set up a corridor for multimodal transport from Persian Gulf to the Black Sea.

Regarding sea transport, he said, it was decided to hold Iran-Bulgaria Maritime Transport Commission next year, in Tehran.

According to Akhoundi, launching joint railway projects is also part of the agreement while Tehran-Sofia train would go on stream in near future.

*** Bulgaria, transit gate of Iran’s gas to Europe

By the agreement, Akhoundi mentioned, it was slated that Bulgaria help Iran in transiting gas to Europe, furthermore, a taskforce will be formed for developing relations in the field of energy.

Setting up a committee for discussing closer ties in tourism is also part of the deal.

Moskovski, for his part, expressed hope that Bulgaria would become the transit gate of Iranian products to Europe while Iran could transfer Bulgaria’s goods to the East Asia.

The Bulgarian minister announced that some subjects need further negotiation which will be done during the following three months in joint sessions in Bulgaria.

SJ/MA/

CAP: Iranian Transport and Urban Development Minister Abbas Akhoundi (L) and Bulgarian Transport, Information Technology and Communications Minister Ivaylo Moskovski signed a MOU on economic and tourism cooperation in Tehran on Tuesday.