News by country: Republic of Bulgaria

IIB’s project on a newly introduced corporate governance system receives international recognition by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

IIB’s project on a newly introduced corporate governance system receives international recognition by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)

The project of a comprehensive reform of the corporate governance system of International Investment Bank (IIB), which was successfully completed in 2018, won the annual award “For Outstanding Development Projects”, traditionally held by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP). As a result of 2018 IIB became the winner in the “Corporate Governance” nomination. The ceremony of the ADFIAP Awards 2018 took place on February 20, 2019 in Muscat…  Read more
Address of the Chairperson of IIB Management Board Nikolay Kosov at a Host Country Agreement Signing Ceremony

Address of the Chairperson of IIB Management Board Nikolay Kosov at a Host Country Agreement Signing Ceremony

February, 5 2019 Budapest, Hungary Your Excellency, Mr. Varga, Dear ladies and gentlemen, colleagues, It is a great honor for me to represent the Bank on behalf of its nine Shareholders from three continents at the signing ceremony of the agreement on the establishment of the International Investment Bank Headquarters in Budapest. This grand and unprecedented moment, I am sure, will open up new horizons and contribute to further vigorous development of the Bank for the benefit of all…  Read more
Relocation of IIB headquarters to Hungary: Host Country Agreement is signed

Relocation of IIB headquarters to Hungary: Host Country Agreement is signed

On February 5, 2019, Deputy Prime Minister of economic policy, Minister of Finance of Hungary Mihaly Varga and the IIB Chairperson of the Management Board Nikolay Kosov signed the Agreement between the International Investment Bank and the Government of Hungary regarding the Headquarters of the International Investment Bank in Hungary. This document, having strategic importance for further successful development of the Bank, confirms a high status of IIB as an international organization with…  Read more
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