News in Brief
Hungary to quit International Investment Bank
The economic ministry said in a statement that whereas the Russia-backed IIB had played an important development role in central and eastern Europe, there was no sense in carrying on...
International Investment Bank
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News in Brief
IIB now operational in Hungary
The International Investment Bank has now relocated its headquarters to Budapest, becoming the first and only multilateral development bank with Headquarters in the CEE region.
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International Investment Bank moves to Budapest
In December, the Board of Governors of the International Investment Bank took a decision to move its headquarters to Budapest. Here are five facts you should know about the IIB...
News in Brief
Finance Minister Mihály Varga and Nikolay Kosov sign IIB agreement to establish HQ in Budapest
Minister Varga said moving the IIB headquarters to Hungary will further strengthen the role of the country and Budapest as an international financial center
News in Brief
PM Orbán meets with IIB’s President to discuss establishment of new HQ in Budapest
IIB member states unanimously voted to relocate the bank’s headquarters to Hungary and authorized the bank to sign the relevant accord at a board meeting last December
News in Brief
International Investment Bank to move its HQ to Hungary
The Hungarian headquarters of the IIB will open in the second half of 2019, and according to plans its headquarters will move to Hungary within two to three years