Iran inks 4 MoUs with Slovakia, Czech Republic

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Iran inked four Memoranda of Understanding with Czech Republic and Slovak Republic to promote industrial investment and cooperation.

The Industrial Development and Renovation Organization of Iran (IDRO) delegation visited Slovakia and signed a cooperation document with this country’s industry ministry and chamber of commerce.

The delegation paid also a visit to the Czech Republic and inked a Memorandum of Understanding with the country’s industry ministry, industry federation and chamber of commerce.

According to the agreement, a taskforce will be established to facilitate technology transfer and encourage joint investment.

IDRO delegation during his trip to the Czech Republic last week visited Shkuda Transport and Shkuda Electric which produce locomotives.

The Iranian delegation has also reached a primary agreement to start cooperation with Bontrans Company for production of train cars.

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