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Insurance Cooperation With Armenia

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  • Insurance Cooperation With Armenia

    INSURANCE COOPERATION WITH ARMENIA

    Zawya
    April 21 2009

    Head of Central Insurance of Iran Javad Farshbaf-Maherian and Chairman
    of Central Bank of Armenia Arthur Javadian signed a cooperation deal
    on insurance.

    The deal was signed in the presence of President Mahmoud Ahmadinejad
    and his Armenian counterpart Serzh Sarkisian on April 14, Fars News
    Agency reported.

    It aims to promote bilateral cooperation in the field.

    Sarkisian visited Tehran during April 13-14 and signed 8 memoranda
    of understanding (MoU) and a joint statement during the period.

    The agreement includes cooperation on rail transportation and
    construction of Iran-Armenia direct railroad, investment on building
    Aras hydro plant and building a pipeline for petrochemical products
    transport.

    The MoUs also involved close cooperation on energy, banking and
    insurance.

    During the meeting with Ahmadinejad in Tehran on Monday, the Armenian
    president called for boosting mutual relations in all spheres,
    appreciating Tehran's support for his country's all-out development.

    The two sides said the growing bilateral cooperation needs to be
    strengthened and that global conditions make it necessary for the
    two neighbors to enhance their level of cooperation.
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