News by country: Hungary

IIB to finance construction of medical centre in Russia’s Novosibirsk region with participation of Hungarian contractor

IIB to finance construction of medical centre in Russia’s Novosibirsk region with participation of Hungarian contractor

The International Investment Bank (IIB) intends to participate in the turnkey construction project of a PET (positron emission tomography) medical centre with the head office in Novosibirsk and branches in Tomsk, Kemerovo and Altai regions. Today, during the meeting of the Hungarian-Russian Intergovernmental Commission on Economic Cooperation in Budapest, the Chairman of the IIB Board, Nikolay Kosov, signed a trilateral memorandum outlining intentions to cooperate in relation to the…  Read more
New opportunities in Hungary – IIB and Hungary’s Ministry of Foreign Affairs sign Memorandum of Understanding

New opportunities in Hungary – IIB and Hungary’s Ministry of Foreign Affairs sign Memorandum of Understanding

The International Investment Bank (IIB) and the Ministry of Foreign Affairs and Trade of Hungary today signed a Memorandum of Understanding aimed at mutually beneficial cooperation of the parties and the development of the country's relations with this multilateral development institution. The signing ceremony with the participation of the Chairman of the IIB Board, Nikolay Kosov, and the Minister of Foreign Affairs and Trade of Hungary, Peter Szijjarto, took place in Budapest during the meeting…  Read more
Hungary’s Ministry for National Economy hosts IIB’s presentation for the country’s business community

Hungary’s Ministry for National Economy hosts IIB’s presentation for the country’s business community

On Thursday, the International Investment Bank (IIB), under the auspices of the Ministry for National Economy of Hungary organised another presentation in order to spread information about its services and gain a stronger foothold in this country, thus continuing the practice launched by the IIB European Regional Office (ERO). The event, supported by the Hungarian Eximbank, IIB’s local strategic partner, marked a record-high attendance among all the so-called “IIB Days” organised up to that…  Read more
IIB gives views on the role of development banks in Central and Eastern Europe at the 32nd BACEE conference

IIB gives views on the role of development banks in Central and Eastern Europe at the 32nd BACEE conference

Risks and prospects for the banking sector in Central and Eastern Europe (CEE), including cooperation with multilateral development banks, were the main topic at the 32nd Regional Banking Conference of the Banking Association for Central and Eastern Europe (BACEE). The event took place on April 11-12, 2016 in Budapest, Hungary, with the support of the International Investment Bank (IIB) as its diamond sponsor. The conference brought together more than 100 financial executives and experts…  Read more
After an additional contribution by Hungary, share of EU member states in IIB’s capital approaches 50%

After an additional contribution by Hungary, share of EU member states in IIB’s capital approaches 50%

Hungary has made an additional EUR 10 million payment to the paid-in capital of the International Investment Bank (IIB), having fulfilled all the obligations regarding its contribution as the Bank’s new member country according to the resolution of the 102nd IIB Council Meeting (November 2014, Bulgaria). As a result, Hungary increased its share to EUR 40 million (12.78%), surpassing the Czech Republic and becoming IIB’s third largest shareholder after the Russian Federation (47.92%) and the…  Read more