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Hungary-Portugal venture capital fund set to launch

November 6th, 2017

The East West European Venture Capital Fund, targeting Hungary and Portugal for investments will launch this Wednesday, foreign minister Peter Szijjarto said on Monday. Companies investing in the fund include OTP Bank, oil and gas company MOL and Eximbank, the minister said. The 20 million euro fund will invest in Hungarian and Portuguese SMEs in the next 8 years involved in digitalisation of the business and the governmental sector with their products. The fund will be managed by Alpac Capital which is registered by the Portuguese securities commission and has offices in Budapest and Lisbon.


MTI

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