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IIB board decides to relocate headquarters to Budapest

December 5th, 2018

The board of governors of the International Investment Bank (IIB) has decided to relocate the lender's headquarters to Budapest, Finance Minister Mihaly Varga said in a statement on Wednesday. The headquarters is expected to open in the second half of 2019, but the full relocation from Moscow will take 2-3 years, he added.


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