Foreign Minister Péter Szijjártó met with International Investment Bank (IIB) chairman Nikolay Kosov in Budapest on Friday, ahead of a meeting of the lender’s board of governors and representatives of its stakeholder countries, the foreign ministry told MTI.
The ministry noted that five international financial institutions are headquartered in Europe, but just one in Central Europe: IIB.
IIB relocated its headquarters from Moscow to Budapest last summer.
Hungary is the second-biggest shareholder in IBB with a 14.7 percent stake, the ministry said. The majority of the bank’s member countries are NATO members, it added. (The biggest shareholder is Russia with more than 40 percent.)