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11 Sep 2020
Business Discussions with the Deputy Prime Minister of Bulgaria

Business Discussions with the Deputy Prime Minister of Bulgaria

IBEC delegation held a meeting with Ms. Mariyana Nikolova, Deputy Prime Minister of Bulgaria in charge of Economic and Demographic Policy and Minister of Tourism. Boyko Kotsev, member of the IBEC Board and former Ambassador of Bulgaria to Russia, provided information on the Bank's financial support for Bulgarian oil and gas, pharmaceutical, telecommunications and insurance sectors, as well as financing of Bulgarian exports. The Deputy Prime Minister invited IBEC leaders to visit Bulgaria in October to continue the dialogue and develop cooperation. In particular, Ms. Nikolova noted the great opportunities for cooperation through the Bulgarian Development Bank and the Bulgarian Export Credit Agency in terms of coordinating credit lines and supporting business in Bulgaria.   Read more

31 Aug 2020
IBEC green investments

IBEC green investments

International Bank for Economic Co-operation continues to implement its plans to support green economy and social and environmental infrastructure projects. The Bank took part in the placement of a green bond issue by the Romanian group Globalworth. Against the background of the high interest from investors – the total volume of applications exceeded the 400 million issue by 2.5 times – IBEC purchased securities in the total amount of EUR 7 million. Bonds maturing in 2026 were placed with a yield of 3.4% per annum.   Read more

25 Aug 2020
IBEC finances trade relations between Russia and Armenia

IBEC finances trade relations between Russia and Armenia

International Bank for Economic Co-operation continues to provide financial support to the development of foreign trade operations with the CIS states. Together with “Ardshinbank” CJSC (Armenia), IBEC finances two contracts for the supply of agricultural products from Armenia to Russia. Trade loans totaling EUR 4.5 million were issued for a period of up to 1 year and once again confirm the demand and effectiveness of trade finance products offered by IBEC.   Read more