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21 Jun 2019
IBEC expands portfolio of documentary operations

IBEC expands portfolio of documentary operations

IBEC added confirmation on two letters of credit issued by Belagroprombank OJSC (Belarus) in favor of Russian suppliers of agricultural products. The total amount of letters of credit is more than 83 million Russian rubles (about 1.1 million euros in the equivalent). The use of the Russian ruble as transaction currency reflects IBEC course for more active use of member states currencies. Having ample opportunities for cross-country payments in national currencies, IBEC provides its clients with additional protection against exchange rate risks, reducing transaction costs and simplifying implementation of foreign economic operations.   Read more

19 Jun 2019
Meeting at the Ministry of Finance of the Republic of Bulgaria

Meeting at the Ministry of Finance of the Republic of Bulgaria

A substantive dialogue with the leaders of the economic bloc of the Bulgarian government continued in the Ministry of Finance of the Republic of Bulgaria. IBEC head, Denis Ivanov, informed the Minister, Mr. Vladislav Goranov, and the head of the Bulgarian delegation in the IBEC Council, Ms. Marinella Petrova, about the Bank's transformation program and the positive dynamics of business indicators. The results of the May Council Meeting in Moscow, where the Council approved the new course of IBEC development, were also highlighted.   Read more

19 Jun 2019
Bulgarian government supports IBEC development

Bulgarian government supports IBEC development

The delegation of International Bank for Economic Cooperation, headed by the Chairman of the Board Denis Ivanov, during the business trip to Bulgaria paid visits to relevant national ministries – Ministry of Economy and Ministry of Finance.   Read more

19 Jun 2019
Honorary Award of the Bulgarian Orthodox Church

Honorary Award of the Bulgarian Orthodox Church

Member of the IBEC Board Boyko Kotzev was awarded by His Holiness Neophyte, Patriarch of the Bulgarian Orthodox Church and Metropolitan of Sofia, Order of St. Cyril and Methodius of the First (Golden) Degree.   Read more

18 Jun 2019
IBEC joined the Memorandum of national promotional banks and institutions and multilateral development banks

IBEC joined the Memorandum of national promotional banks and institutions and multilateral development banks

The ceremony of International Bank for Economic Cooperation and four national development banks joining the Memorandum of Partnership between the national and international development institutions of the Balkan region, Central and Eastern Europe was held as a part of the International Economic Forum "Roads for Partnership", organized by the Bulgarian Development Bank in the Bulgarian capital Sofia. The head of the BBI, Stoyan Mavrodiev, announced the expansion of partnership between development institutions focused on mutual work in the region. The event was attended by representative delegation of IBEC, headed by the Chairman of the Board Denis Ivanov, who signed the document. The forum was devoted to the perspectives of Southern Europe development and integration of the region into the pan-European context. Among the participants were leaders of the largest European financial institutions, such as European Investment Banks, European Bank for Reconstruction and Development, representatives of the diplomatic corps, business and the expert community.   Read more