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Joint Hungarian/Israeli fund set up

The Hungarian and the Israeli government has agreed on setting up a venture capital fund with a total asset of USD 10 million, Economy and Transport Ministry State Secretary Tibor Szanyi announced after he returned from the Mid-East. The two countries has joined forces to finance Hungarian and Israeli technological joint ventures. Szanyi sat down with the Israeli deputy transport minister to discuss the possibility of Hungarian companies participating in the local railway development projects, while Szanyi mentioned the Taszár Air Base as an investment target for Israeli companies. (NG 2, Wed Vg 2) P.Ő.