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State venture capital fund invests HUF 5 bln

Telco

Not sharp!

The Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state to support SMEs, has invested some HUF 5 bln in the past three years and the amount could reach HUF 9 bln by year-end, chairman-CEO Imre V. Csuhaj told Hungarian news agency MTI.

SZTA has taken decisions on about HUF 3 bln in capital injections in 19 companies in the past two weeks, Csuhaj said. SZTA manages HUF 14 bln, of which 85% comes from European Union funding.

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