Finance minister inaugurates HQ of International Investment Bank

The International Investment Bank's (IIB) decision to move its headquarters to Budapest is a boost to Hungary's financial position on international markets, Finance Minister Mihaly Varga said at the inauguration of IIB's new headquarters in Budapest on Friday. The IIB has already supported Hungarian companies with more than 150 billion forints (EUR 418.0m), showing that Hungary was right to join the bank in 2015, Varga said.