News by country: Romania

IIB and Pet Kupa presented results of

IIB and Pet Kupa presented results of "Clear Water. Happy Tisza" initiative aimed at saving this important water artery of the CEE region from plastic pollution

The Plastic Cup Mapped the Waste Situation at the Tisza from its Spring to its Mouth: Nearly 4000 polluted areas registered on the new waste map. The cross-border programme launched by the Plastic Cup two years ago and sponsored by International Investment Bank (IIB) resulted in a great Tisza Expedition, which mapped the total length of the river. As part of the CLEAN WATER, HAPPY TISZA programme, experts, volunteers and waste management specialists of the Plastic Cup assessed the hotspots of…  Read more
IIB increases support of trade and agriculture in Romania

IIB increases support of trade and agriculture in Romania

International Investment Bank has doubled its existing revolving loan facility to Heliosagri International SA (Romania) (Trans-Oil Group) to extend its business activity in Romania. In 2019, the Bank provided an initial loan of EUR 10 million to the company for its acquisition of a vegetable oil production plant located in Ţăndărei, Romania. The current financing increase to EUR 20 million will be allocated to further expand operations of the plant. Trans-Oil Group is a major holding engaged…  Read more
IIB continues to support vital healthcare sector:  Medicover Group receives financing from the Bank for further development

IIB continues to support vital healthcare sector: Medicover Group receives financing from the Bank for further development

International Investment Bank has become a creditor in the framework of Medicover Group’s Schuldscheindarlehen (SSD) issuance. Helaba – Landesbank Hessen-Thueringen, Frankfurt - the Bank’s long-standing partner in the private placement and Schuldschein sector – acted as sole-lead arranger for the transaction. The Group will allocate the proceeds from the designated ten-year tranche for further technological modernization and expansion of its operations in the CEE region, primarily, in three of…  Read more
Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

Final Step in the Relocation to Europe: new permanent IIB Headquarters officially opened in Budapest

On February 19, 2021, an official inauguration of permanent headquarters of International Investment Bank situated in a historic Lánchíd Palota building (Fo utca, 1) took place in Budapest. Governors of two major shareholders of the Bank – the Russian Federation and Hungary – on the IIB Board of Governors, Deputy Prime Minister, Minister of Finance of Hungary Mr. Mihaly Varga and Deputy Finance Minister of the Russian Federation Mr. Timur Maksimov were among the special guests of the…  Read more
IIB boosts investment volumes in member states in 2020

IIB boosts investment volumes in member states in 2020

Year 2020 - the 50th Anniversary year since the foundation of International Investment Bank - was marked as a period of unprecedented challenges of a global scale. The COVID-19 pandemic continues to impose its serious impact on the economic growth of IIB shareholders with no exception, while further exacerbating the need for development financing. Responding to such demands IIB, despite the external turbulences, managed to maintain and even ramp up the dynamics of its lending operations in the…  Read more