According to Ilna, quoted by Shahr Bank’s Communication and Public Relations Center, Mrs. Kochera, who traveled to our country with a high-ranking economic delegation and at the invitation of Iran’s Economic and Technical Assistance and Investment Organization (Ministry of Economic Affairs and Finance) in this The meeting, referring to the six cooperation documents and agreements that were signed during the first joint commission on economic cooperation between Iran and Hungary, in the winter of last year in the presence of the Minister of Economic Affairs and Finance of our country and the Minister of Foreign Affairs and Trade of Hungary, the memorandum of understanding was signed between The Development Group of City Industries and Mines and Ikaros Bus Company of Hungary considered the joint production of urban buses in Iran very important and emphasized the full consensus of Hungarian managers and banking and economic authorities to complete it.

In this meeting, which took place at the head office of the Shahr Industries and Mines Development Group, the Director General of the Joint Commission for Economic Cooperation of the Ministry of Foreign Affairs of Hungary, referring to his recent visit to the Icaruso company producing Euro 5 and Euro 6 city buses, which together with the ambassador of the Islamic Republic of Iran in Budapest and in line with the operationalization of the memorandum of understanding for the joint production of urban buses, he assessed the presence in the Iranian market as a prelude to reaching the large market of the countries in the region. Iran announced.
In this meeting, the Ambassador of Hungary to Iran, Yanush Kovach, the President of the Hungarian Industries Association, Oliver Guiday, the CEO of Icaruso, Frenchprints, a number of directors of the Ministry of Foreign Affairs and the Industry Department of Hungary accompanied Mrs. Kochra, Mohsen Ahmadi, the CEO of the Shahr Industries and Mines Development Group. Pointing to the facilities and high technical knowledge and production capabilities of the domestic car manufacturing companies, he emphasized the need to comply with the laws and standard requirements of car production in Iran, taking into account the necessity of internalization and joint cooperation with the bus manufacturers of our country. Bank of Hungary and financing 85% of the sale price of city buses will be accepted with a ten-year repayment as the strength of this memorandum. It should be mentioned that during this trip and the presence of the Hungarian delegation in Iran, the CEO of Ikaros and the President of the Hungarian Industries Association visited the domestic automobile manufacturing companies such as Iran Khodro Diesel, Saipa Diesel and Zamiyad while visiting the bus production line in these companies and observing the capabilities The domestic car manufacturers conducted negotiations with the CEOs and relevant managers in these companies with the aim of joint production and technology transfer of S400 technology in Iran with the participation and support of Iranian car manufacturers. It is worth mentioning that based on the memorandum that With the presence of the Ministers of Economic Affairs and Finance of Iran and Foreign Affairs and Trade of Hungary during the first joint commission of economic cooperation between the two countries between Ikaros Company and Shahr Industries and Mines Development Group and with the purpose of special financing by Exim Bank of Hungary, it was signed. It was decided that with the transfer of technology and joint production in Iran, by this company, which is one of the oldest bus manufacturing companies in the world and the first manufacturer of short-step urban buses and the longest intra-city buses in the world. A total of 1,000 intra-city buses will be co-produced with the cooperation of domestic car manufacturers within three years.