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VARGA MEETS IIB CHAIRMAN IN BUDAPEST

 

Finance Minister Mihály Varga met with International Investment Bank (IIB) chairman Nikolay Kosov in Budapest on Thursday, the Finance Ministry said. IBB’s Budapest headquarters is expected to open in the second half of 2019, but the entire relocation will take 2-3 years, Varga said after the meeting. The IIB’s board of governors took a unanimous decision in December to relocate the lender’s headquarters to Budapest. IIB is headquartered in Moscow at present.