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IBEC Supports Advanced Scientific Research

International Bank for Economic Co-operation participates in implementation of NICA, a unique international scientific project at the Joint Institute for Nuclear Research in Dubna. NICA (Nuclotron based Ion Collider fAcility) is a new accelerator complex designed at the Joint Institute for Nuclear Research (Dubna, Russia) for the purpose of studying properties of dense baryonic matter.

International Bank for Economic Co-operation (IBEC) has issued advance payment guarantee under an equipment delivery contract. The transaction has been implemented according to the agreement signed on the sidelines of the first IBEC business forum ‘Europe-CUS.4D’ in May this year between IBEC and the Polish company Frako-Term.

Upon NICA collider commissioning JINR scientists will be able to reconstruct in laboratory Quark-Gluon Plasma (QGP), a special state of matter which existed only at the early stages of our Universe upon the Big Bang. The project started in 2013 and next year, in 2020 it is planned to be fully operational.

The Bank’s participation in a timely and reliable contract execution ensures adherence to the equipment delivery schedule. Thus, developing its updated business profile, IBEC actively promotes effective implementation of a large-scale research project with participation of scientific communities from almost all IBEC member states.

NICA (Nuclotron based Ion Collider fAcility) is a new accelerator complex designed at the Joint Institute for Nuclear Research (Dubna, Russia) for the purpose of studying properties of dense baryonic matter.

The Joint Institute for Nuclear Research (Dubna, Russia) is an international intergovernmental scientific research organization, an internationally acknowledged scientific center, representing a unique example of a successful integration of fundamental theoretical and experimental research with development and application of the most modern technologies and university-level education. Presently JINR has 18 member states, including all 8 IBEC member states.

Frako-Term is a research and development company specializing in application of cryogenic and super-conducting technologies in different branches of industry including for optimization of production, storage and utilization of electric and thermal energy.