News

On February 16, 2023, IBEC Board Member Mr. Boyko Kotsev and Chief Specialist of the IBEC Legal Department I. Gordyushkin held a meeting with students of the Russian Foreign Trade Academy of the Ministry of Economic Development of the Russian Federation (Academy).

By this statement, IBEC officially informs that the Czech Republic, the Republic of Poland, the Slovak Republic and Romania withdraw from the Agreement on the Organization and Activities of the International Bank for Economic Co-operation and from the membership in the Bank in accordance with the notices submitted to the IBEC Council by the respective member countries. Accordingly, the Czech Republic withdraws on 26 January 2023, the Republic of Poland withdraws on 29 January 2023, the Slovak Republic withdraws on 30 January 2023 and Romania withdraws on 09 June 2023.

On January 10, an incubator was opened in the Sabinsky district of the Republic of Tatarstan as part of a Russian-Slovak project financed by the International Bank for Economic Co-operation.

At the end of October 2022, the International Bank for Economic Co-operation (IBEC) signed a General Financing Agreement with Armswissbank CJSC, a new partner of IBEC in Armenia. As part of the agreement, in December 2022, IBEC provided Armswissbank with a trade related loan in the amount of 29 million rubles for up to three months. The funds received will be used to finance contracts for the supply of food products from Armenia to the Russian Federation.