• Participation of the International Bank for Economic Co-operation (IBEC) in the "PROSPECTS FOR THE CZECH EXPORT TO RUSSIA" conference
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Participation of the International Bank for Economic Co-operation (IBEC) in the "PROSPECTS FOR THE CZECH EXPORT TO RUSSIA" conference

Representatives of the International Bank for Economic Co-operation (IBEC) took part in the “PROSPECTS FOR THE CZECH EXPORT TO RUSSIA” Conference held in Zlin, the Czech Republic, on 25 October 2016.

The Conference was arranged with the participation of the Czech Trade Promotion Agency (CzechTrade) of the Ministry of Industry and Trade of the Czech Republic. The main objective of the agency is to promote foreign economic activity and sales of Czech enterprises in other countries. At present, CzechTrade has representative offices in 33 countries of the world, including the IBEC’s member countries: Bulgaria, Vietnam, Poland, Russia and Romania. The conference was attended by heads of industrial and trade enterprises, representatives of the Ministry of Industry and Trade of the Czech Republic. The IBEC’s delegation was represented by heads of client management and corporate finances sections.

During the conference, the participants discussed a wide range of practical issues pertaining to use by the Czech exporters of modern financial instruments in transactions with Russian partners and banks, and legal aspects of export to Russia.

The IBEC’s representatives delivered a report on approaches to and specifics of implementation in the IBEC of such services as trade financing, lending and settlement transactions, presented detailed information on IBEC’s advantages in export financing and on actual opportunities of the Czech exporters that exist not only in the Russian market, but in other IBEC’s member countries as well.

The Bank’s presentation aroused much interest in the Czech entrepreneurs and was followed by consultations and working meetings with representatives of the Czech business, the Ministry of Industry and Trade of the Czech Republic, the Czech Trade Promotion Agency (CzechTrade).

25 October 2016