News by country: Hungary

IIB and Hungary continue high-level active dialogue

IIB and Hungary continue high-level active dialogue

A delegation of International Investment Bank headed by Chairperson of the Management Board Nikolay Kosov visited Budapest (Hungary) and held working meetings with Hungarian Deputy Prime Minister, Minister of Finance Mihaly Varga and Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto. Key focus on the agenda was practical implementation of the IIB Board of Governors decision to relocate the institution’s headquarters to Hungarian capital taken back in December. This step is set…  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
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
IIB took part in a meeting of the Russian-Hungarian Intergovernmental Commission for Economic Cooperation

IIB took part in a meeting of the Russian-Hungarian Intergovernmental Commission for Economic Cooperation

On November 21-22 2018, a regular meeting of the Russian-Hungarian Intergovernmental Commission on Economic Cooperation (IPC) was held in Budapest (Hungary). The meeting was сo-chaired by the Minister of Health of the Russian Federation Veronika Skvortsova and the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó. International Investment Bank was represented at the meeting of the commission by Deputy Chairperson of the Board Georgy Potapov. Addressing the participants of the…  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