Enterprises to pump funding into Hungary

Deals

The region’s biggest venture capital and private equity investment group, Enterprises Investors, plans to spend €50 million-€75 million ($70 million-$106 million) in Hungary during the upcoming year, the recently appointed coordinator for the local investments Tamás Tüske said.

The group would finance the Hungarian plans from an international fund set up in 2006, and would aim for investment opportunities requiring at least €20 million (28.2 million). Tüske argued that the group had entered the local market at the ripe time, when a succession of generations was taking place, presenting prospects for venture capital firms. So far, Enterprises Investors invested into 105 companies in the region, mostly in Poland, already exited 90, and prepared 25 for IPO. (Napi Gazdaság)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.