News by country: Hungary

IIB and Hungary – new chapter in relations

IIB and Hungary – new chapter in relations

On 15 October 2014, during the visit of IIB delegation to Budapest the Chairman of the Board Nikolay Kosov and the Minister for National Economy Mihály Varga signed a Memorandum of understanding, which fixes the principal conditions for the renewal of Hungary’s membership in the Bank according to previously agreed arrangements. The final decision on this matter will be taken during the 102nd meeting of the IIB Council in Sofia in the end of November 2014. Mihály Varga pinpointed that the…  Read more
International Investment Bank joined the Banking Association for Central and Eastern Europe

International Investment Bank joined the Banking Association for Central and Eastern Europe

International Investment Bank formally joined the Banking Association for Central and Eastern Europe (BACEE) in a ceremony which took place in the Hungarian capital Budapest. The Secretary General István Lengyel presented a Certificate of membership to the Chairman of the Board Nikolay Kosov. Theevent, which was held during the annual conference of BACEE, became an opportunity for all the members of the Association, that unites a club of more than 30 financial institutions from 18 countries…  Read more
IIB held a meeting with diplomats

IIB held a meeting with diplomats

A meeting between members of the Board and the Extraordinary and Plenipotentiary Ambassadors of the member states to the Russian Federation took place in Moscow. For the first time Hungary — a country which in the nearest future intends to resume its full membership in the Bank — has joined the event. The Russian Federation was represented by a Deputy Minister of Foreign Affairs Aleksey Meshkov The Heads of the diplomatic missions were informed about the results of the Bank’s work fo…  Read more
Process of Hungary’s return to IIB is nearly completed

Process of Hungary’s return to IIB is nearly completed

Negotiations on the terms of renewal of Hungary’s membership in the International Investment Bank took place at the IIB’s Headquarters. The issue is included in the agenda of the 102nd meeting of the IIB’s Council in November 2014 in Sophia. The Delegation of the Ministry for National Economy of Hungary headed by the State Secretary Gabor Orban also comprised a representative of the Hungarian Export-Import Bank. At present the process of Hungary’s return to the IIB is going through its…  Read more
Hungary is returning back to the IIB

Hungary is returning back to the IIB

At the invitation of the Hungarian Government the delegation of the International investment bank visited Budapest. During the negotiations which took place at the initiative of the Hungarian side, there was a discussion about the possibility of Hungary’s renewal to become a member of the IIB. Hungary was a member state of the IIB up to year 2000. As the State Secretary of the Ministry for National Economy Mr. Gábor Orbán noted, the decision of leaving the Bank Hungary motivated by the…  Read more