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Enterprises to pump funding into Hungary

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)