The scholarships are valued at half of the MBA tuition fees, or 25,000 EUR. They will be awarded "to the best candidates on the basis of educational qualifications, professional skills and motivation shown during the entrance interview," according to a statement from MIB.
Applications are still being accepted for MIB's MBA in International Business program, starting in 2013. Applicants must have a minimum of three years' of work experience, good knowledge of English, and an undergraduate degree.
You can also learn more about the MBA program by going to MIB's full profile here at FIND MBA.