State-owned VC fund makes 50th investment
The Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state with EU funds to support SMEs, has made its 50th investment, injecting HUF 150 mln into machinery company Pannon Tools, SZTA said yesterday.
Pannon Tools employs almost 100 people and had revenue of more than HUF 1.3 bln last year. SZTA has invested HUF 6.5 bln in Hungarian companies. SZTA manages HUF 14 bln, of which 85% comes from European Union funding.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
