• IBEC took part in the conference “Development of trade exchange between Russia and the Visegrad Four countries”

IBEC took part in the conference “Development of trade exchange between Russia and the Visegrad Four countries”

On March 27, 2019 representatives of the International Bank for Economic Cooperation took part in the conference “Development of Trade Exchange between Russia and the Visegrad Four (V4) Countries in Current Conditions” organized by the Economic Section of the Polish Embassy in Moscow in cooperation with the Moscow Chamber of Commerce and Industry with the participation of representatives from the V4 countries: Czech Republic, Hungary, Poland and Slovakia.

Experts from V4 countries, representatives of business and administration, as well as diplomatic missions of the V4 countries took part in the conference. The event was also attended by the delegation of IBEC headed by Ms. Lidia Anchakovska, Member of the Board. During his speech, Zbigniew Ekiert, Deputy Head of the Clients Relationship Department, made a presentation of the Bank – its Updated strategy, product line, and potential opportunities for cooperation.

The first part of the conference was devoted to covering the results of foreign trade in 2018 between Poland, Slovakia, the Czech Republic, Hungary and Russia. From the statistical data it follows that the trade turnover of the V4 countries with Russia increased in 2018, but it has not yet reached the level of 2013. For its part, the Polish side presented 12 priority areas for export development.

In the second part of the conference, three thematic panels were held, in which invited experts discussed cooperation in the fields of “green” technologies, tourism, as well as technologies and production lines for the food industry.

Participants repeatedly emphasized the importance of the support to business community by financial institutions, both in terms of providing trade finance products and performing payments in national currencies in various markets. In this regard, IBEC as a multifunctional "home" bank, both for the buyer and the importer, especially if both of them are residents of the IBEC member states, may prove to be an institution that can provide targeted support for trade development.