State-founded venture capital fund investments reach HUF 9.2 bln
Szechenyi Capital Investment Fund (SZTA), which is a venture capital fund established by the Hungarian government in order to support SMEs, has so far invested HUF 9.2 bln in almost 70 companies, the fund told Hungarian news agency MTI yesterday.
Companies conducting innovative activities account for almost 80% of the investments of the SZTA, the news agency noted, adding that the fund manages HUF 14 bln, most of it European Union funding.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
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.
