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IIB Chief Economist Elliott Auckland gives his overview on where we are and where we may be heading in an exclusive

IIB Chief Economist Elliott Auckland gives his overview on where we are and where we may be heading in an exclusive "think piece" for the Budapest Business Journal

Source: Budapest Business Journal
Economic recovery 2021-22 Last year IIB put out economic forecasts for its EU-5 Member States (Bulgaria, Czech Republic, Hungary, Romania and Slovakia) which we forecasted on average a 6% contraction in 2020, followed by a 3.8% recovery in 2021. Today, we are looking far more optimistically on the region following the 4.7% contraction in 2020, and the now expected 4.2% recovery in 2021. As such, our view is that Eastern European economies will regain their 2019 levels of GDP in Q1 2022, and…  Read more
IIB Chief Economist Elliott Auckland to leading Czech financial portal Roklen24.cz:

IIB Chief Economist Elliott Auckland to leading Czech financial portal Roklen24.cz: "The task of central banks is to transfer us to the new reality of inflation and interest rates".

Source: https://roklen24.cz/
Global and Regional growth is heating up… Last year we put out economic forecasts for our EU-5 Member States (Bulgaria, Czech Republic, Hungary, Romania and Slovakia) which we forecasted on average a 6% contraction in 2020, followed by a 3.8% recovery in 2021. Today, we are looking far more optimistically on the region following the 4.7% contraction in 2020, and the now expected 4.9% recovery in 2021. In particular, we are particularly positive on the prospects of the Slovakian, Romanian and…  Read more
Deputy Chairperson Imre Laszlóczki spoke to  KarcFM: new permanent IIB Headquarters in Budapest, post-COVID economic recovery prospectives and other key issues.

Deputy Chairperson Imre Laszlóczki spoke to KarcFM: new permanent IIB Headquarters in Budapest, post-COVID economic recovery prospectives and other key issues.

Source: KarcFM
Questions and answers about the economy. Business magazine with Anita Kovács. Going from Pest to Buda via Chain Bridge and looking to the right, you can see a very nicely renovated palace, the Chain Bridge Palace. Recently, this beautiful classicist building has gained fame for becoming the new permanent headquarters of the International Investment Bank, as part of the final step in relocating the bank to Europe. Greetings to the Vice President of the bank, Mr. Imre Laszlóczki, who is on the…  Read more
Head of IIB International Relations and Communications Anna Lvova talks to Budapest Business Journal about the Bank's integration into the European financial scene

Head of IIB International Relations and Communications Anna Lvova talks to Budapest Business Journal about the Bank's integration into the European financial scene

BBJ: The Board of Governors of the IIB voted to relocate the bank from Moscow to Budapest on December 10, 2018, and it became actual with a press conference on June 25, 2019. Has the move achieved all that you wanted? AL: For our internal purposes, we use April 30, 2019 as an actual date of relocation of IIB Headquarters to Budapest. It’s the date of entry into force of the Host Country Agreement between IIB and Hungary. Hence, we have been in Hungary for exactly one-and-a-half years. As it…  Read more
Stefan Nanu, IIB Head of the Debt Capital Markets and FI, shared his vision on the Bank's funding and lending strategy with the leading Romanian business channel PROFIT.RO

Stefan Nanu, IIB Head of the Debt Capital Markets and FI, shared his vision on the Bank's funding and lending strategy with the leading Romanian business channel PROFIT.RO

Source: Profit.ro
Oana Osman, Editor-in-Chief (О.О.): We just commented in the news about the pressures on funding costs. Your bank is an issuer in RON and recently you’ve just issued a RON bond in a new format under MTN (Medium Term Notes) Programme and you listed the bonds in Dublin. Could you tell us how you obtained a reduction in the funding costs and why have you picked up a new format? Stefan Nanu (S.N.): It’s worth to mention that this was Bank’s 7th RON issuance, therefore, the conditions obtained…  Read more