International Investment Bank
Democracy Digest: Hungary’s Balancing Act Topples As It Abandons Russia ‘Spy Bank’
Upon his return to Budapest, Szijjarto welcomed another international pariah, this time in the form of Sergey Aleinik, the Belarusian foreign minister.
Battered by Sanctions and Shareholder Exits, Is End Nigh for Russian ‘Spy Bank’ in Hungary?
This was then followed on February 25 by some ominous-sounding comments from Orban's chief of staff, Gergely Gulyas, who in response to journalist enquiries about the viability of the IIB admitted that "it's in an extremely difficult situation [and] I don't know if it's possible to save the bank."
Half a Century Later: Bulgaria Leaves Two Soviet Banks
The National Assembly voted on the first reading of a bill submitted by the Council of Ministers for the denunciation of two agreements for Bulgaria's participation in two banks with majority participation by Russia, founded in 1963 and 1970 in Moscow.
Financial position of households keeps improving
Ljubljana – The financial position of Slovenian households continues to improve as their assets had increased more than debt until the end of the third quarter of 2020. The surplus of assets over debt stood at EUR 45.2 billion, a rise by EUR 3.9 billion at the annual level, the central bank’s report shows.
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First Online IIB Board of Directors Meeting Takes Place
On June 5, 2020, the 6th meeting of the Board of Directors of International Investment Bank took place. The delegations of IIB member states discussed preliminary results of the Banks' activities since the beginning of this year and took a number of important decisions.
IIB Places a New CZK-Denominated Bond under the MTN Programme
On May 19, 2020 International Investment Bank successfully executed the second transaction under its MTN Programme, which was registered this March on the Dublin Stock Exchange. Czech koruna (CZK)-denominated bonds in the total volume of CZK 621 million (approximately EUR 22,6 million) were issued with a maturity of three years and will be listed on Euronext Dublin.
Hungary Increases its Share in the Paid-in Capital of the International Investment Bank (IIB)
The Government of Hungary increased its share in the paid-in capital of International Investment Bank (IIB) contributing an amount of 10 million euro on January 15, 2020. This continues a new round of capitalisation of the Bank.
The European Investment Bank has Financed Bulgaria with EUR 1.5 Billion
For the past five years, the European Investment Bank has provided 1.5 billion euros for the Bulgarian economy. Last year alone, the bank provided EUR 103 million in loans for various projects and the European Investment Fund supported eight projects worth a total of EUR 114 million.
The EU Gives EUR 355 Million to Start-up Companies in Bulgaria
€ 355 million will come from Europe for the development of start-ups, small and medium-sized companies in Bulgaria. The total attracted resource, which includes additional private investments, could reach a billion and a half euros, BT said.
Two Banks to Cooperate in Funding Bulgarian Business Projects
The Bulgarian Development Bank (BDB) and the International Investment Bank (IIB) will cooperate in providing funds for Bulgarian business projects.
This became clear after the two financial institutions signed a Memorandum of Cooperation in Sofia on Tuesday, the press office of the BDB informs.