News by country: Republic of Bulgaria

Inaugural Board of Governors Meeting: new milestone in institution’s development

Inaugural Board of Governors Meeting: new milestone in institution’s development

On December 3-4, 2018 in accordance with the new statutory documents that entered into force in August this year first meetings of the Board of Directors and the Board of Governors of the International Investment Bank (IIB) took place in Varadero (Republic of Cuba). The scale of decisions taken significantly empowers the Bank and allows for its further intensive growth in the long-term. The Board of Governors voted for a relocation of IIB Headquarters to Budapest from Moscow. As a…  Read more
Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

Fitch Ratings has upgraded IIB’s long-term credit rating to BBB+ with a stable outlook

On November 22, 2018, the international rating agency Fitch Ratings upgraded the International Investment Bank’s long-term credit rating to BBB+ with a stable outlook. This rating upgrade is already the fourth positive rating action taken in relation to the Bank by international rating agencies this year. As the main factors that contributed to the upgrade, Fitch lists a significant improvement in the quality and geographical diversification of the Bank’s loan portfolio, a stronger internal…  Read more
Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Traditional meeting of IIB Management and heads of diplomatic missions of member countries

Main scopes of strategic development of the International Investment Bank (IIB) and key issues on the agenda of the upcoming Board of Governors and Board of Directors meetings became focal points for discussion during the X jubilee meeting of the Ambassadors club of the Bank’s shareholders. Multilateral constructive dialogue with participation of heads of diplomatic missions of IIB member states and observers in Moscow, Governor from the Russian Federation in the Bank’s Board of Governors,…  Read more
IIB continues to expand cooperation with international development banks

IIB continues to expand cooperation with international development banks

In October International Investment Bank (IIB), jointly with the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and two Czech ministries - finance and industry and trade offered a unique opportunity for all exhibiting companies as well as for visitors of the International Engineering fair in Brno (Czech Republic) to get a detailed information about their credit products and services at a seminar named “Financing Opportunities Offered by International…  Read more
The IIB Chairman of the Board congratulated IBEC on the occasion of the 55th anniversary of the bank

The IIB Chairman of the Board congratulated IBEC on the occasion of the 55th anniversary of the bank

Denis Ivanov Chairman of the Board International Bank for Economic Cooperation Dear Denis, On behalf of the Board of the International Investment Bank, our whole international team and, of course, on my own behalf please allow me to congratulate International Bank for Economic Cooperation and its staff on the jubilee! 55 for people nowadays is an age of energetic maturity, time when accumulated professionalism and life experience allow to confidently achieve the…  Read more