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VC commitments linked to EU's JEREMIE program total 72%

Competition

Nearly 72% of venture capital commitments in Hungary made between 2010 and the middle of 2014 were linked to the European Union's JEREMIE initiative, under which EU structural funds can be used to finance SMEs, the National Bank of Hungary said in a study published on Tuesday. 

Approximately HUF 58 bln of venture capital was invested in 179 Hungarian companies during the period. Companies in the life sciences, IT, consumer services and business service sectors accounted for 57% of the investments.

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