Re-launch 2.0 It's been fifty years since the International Investment Bank (IIB) was founded. What was the purpose of its foundation in 1970? What were its functions? Exactly 50 years ago, on July 10, 1970, the founding states put their signatures on the historic Agreement on the Establishment of IIB. The agreement was registered with the UN secretariat, and thus, a new international organization appeared in the world – International Investment Bank. IIB is one of the oldest…  Read more

The privileges of the Moscow-origin Bank do not infringe the Fundamental Law of Hungary. According to the Constitutional Court of Hungary IIB does not jeopardise the performance of constitutional duties by the National Bank of Hungary. András Domány The Constitutional Court of Hungary rejected the complaint of 53 opposition MPs about the privileges of the former Comecon financial institution, International Investment Bank, which moved its headquarters to Budapest. It evoked much…  Read more

Moving to Budapest is also supported by financial results, says Jozef Kollár, the bank's head of operations in Europe. International Investment Bank (IIB), formerly based in Moscow, relocated a major part of its operations to Budapest last year: the new location represents both an opening to European countries and markets and a major challenge for the financial institution. In addition, a few months after the move, the financial institution will have to face a major challenge. Jozef…  Read more

IIB chief economist on Brexit, the bank, the region I am confident that Brexit will be materialized,” said chief economist of the Bank (IIB). As for all the consequences for Hungary, the United Kingdom's exit will have a very limited effect, he added. “I am not afraid of worsening British-Hungarian relations. Knowing the current prime minister's sympathy for Hungary, if Boris Johnson stays in his office, I would not be surprised if one of his first trips abroad included a visit to Budapest, "…  Read more

By Levente Szilagyi in Budapest December 4, 2019 The International Investment Bank (IIB) is perfectly placed to grow further after the relocation of its HQ s to Budapest. Of the five major international development banks operating in the EU, IIB is the only one stationed in the region and it strives to keep its CEE identity by funding local companies and international businesses in the region, IIB chief economist Elliott Auckland, told BNE IntelliNews. The Central and Eastern Europe…  Read more