The Government of the Hellenic Republic and the Government of the Czech and Slovak Federal Republic,

Hereinafter referred to as the Contracting Parties,

Desiring to intensify their economic cooperation to the mutual benefit of both countries on a long term basis,

Having as their objective to create favorable conditions for investments by investors of either Party in the territory of the other Party,

Recognizing that the promotion and protection of investments on the basis of the present Agreement will stimulate the initiative in this field, 

Have agreed as follows: