News by tag: Council

IIB finds a strategic partner in Hungary, signs cooperation agreement with OTP Bank

IIB finds a strategic partner in Hungary, signs cooperation agreement with OTP Bank

Today, during the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, organised as part of the events of the 105th Council Meeting of the International Investment Bank (IIB), the IIB and OTP Bank signed the Strategic Cooperation Agreement. This is the first such document signed by the IIB with a Hungarian entity, and this renewed multilateral lender has gained a strategic partner in the country. Hungary returned to the IIB as a shareholder and member state last yea…  Read more
IIB to finance infrastructure project for one of the oldest technical universities in Europe

IIB to finance infrastructure project for one of the oldest technical universities in Europe

The International Investment Bank (IIB) intends to provide financing for an infrastructure project related to real estate management of the Budapest University of Technology and Economics – one of the oldest technical universities in Hungary and Europe. A Memorandum of Understanding between the IIB and H2Q-Építő Üzemeltetési, Építőipari és Szolgáltató Korlátolt Felelősségű Társaság (abbr. H2Q, Hungary) was signed today, outlining the arrangements for a future credit line for the estate…  Read more
IIB signs cooperation agreement with Central Bank of Cuba, confirming its status as a global development institution

IIB signs cooperation agreement with Central Bank of Cuba, confirming its status as a global development institution

The International Investment Bank (IIB) and the Central Bank of Cuba (CBC) today signed the Agreement on Cooperation in Organising Financing. The document confirms a special status of the IIB as a global development finance institution represented on three continents and the only multilateral development bank with Cuba as a full member. The signing ceremony took place during the Business Forum “Supporting Economic Growth in Hungary and the CEE Region”, associated with the 105th IIB Council…  Read more
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