Hungarian Prime Minister Viktor Orban called the establishment of the International Investment Bank's headquarters in Budapest a "significant step forward", at his meeting with IIB President Nikolay Kosov.
According to MTI, Orban'as press chief Bertalan Havasi reminded in a statement that IIB member states unanimously voted to relocate the bank's headquarters to Hungary and authorised the bank to sign the relevant accord at a board meeting last December.
The establishment of the headquarters in Hungary will strengthen Budapest as a financial centre, he said, adding that currently there are five supranational development banks in the European Union, but none are based in the central European region.
