News by country: Russian Federation

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
IIB supports the import of Belarusian machinery and equipment to the Russian Federation

IIB supports the import of Belarusian machinery and equipment to the Russian Federation

International Investment Bank (IIB) to facilitate the import substitution of one of its member countries - the Russian Federation - supported the delivery of elevator equipment and automotive components to the Russian Federation from the Republic of Belarus, issuing a short-term target loan of €30 million to OJSC «Development Bank of the Republic of Belarus». In accordance with the international agreement of December 8, 1999 the Russian Federation and the Republic of Belarus are part of Union…  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