The International Bank for Economic Co-operation has taken part in financing of the radio equipment supply for the Russian JSC "Concern Avtomatika". The Bank opened a credit line to the Slovak company Incoff Aerospace for a period of up to six months to ensure the supply of components for satellite antennas.
Concern Avtomatika is one of the leading Russian innovative enterprises, supplying complex competitive high-tech solutions for business and public sector. Slovak Incoff Aerospace specializes in technological equipment for the aerospace, petrochemical, energy sectors, as well as in systems for working with biometric data. The company implements a number of large projects in Russia and has many years of experience in the Russian market.
By providing financial support for the new contract, IBEC promotes trade between its member countries and the development of the international trade in accordance with the Bank's mandate.