Budapest welcomes Papandreou at HVCA conference
Hungarian Private Equity and Venture Capital Association (HVCA) held its 17th annual conference on Private Equity, Venture Capital and Corporate Finance in Central and Eastern Europe in Budapest yesterday. The conference’s keynote speaker was former Greek Prime Minister George A. Papandreou, who spoke about the situation in Greece and its impact on the rest of Europe.
According to European Venture Capitalist Association, out of all the CEE/SEE countries, Hungary has the highest private equity investment as a percentage of GDP, reaching 0.097% in 2014.
Several speakers talked about their need to boost investments in Central Europe citing the sustained risk aversion of banks and the growing scarcity of deals in Western Europe.
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