The Czech Republic and the Republic of Hungary (hereinafter referred to as the "Contracting Parties"),

Desiring to intensify economic cooperation to the mutual benefit of both States,

Intending to create and maintain favorable conditions for investments of investors of one State in the territory of the other State, and 

Conscious that the promotion and reciprocal protection of investments, according to the present Agreement, stimulate the business initiatives in this field,

Have agreed as follows: