Debrecen municipal capital funds to be established
Great vistas of opportunity to be opened before Debrecen Small and Medium Enterprises (SMEs), for the Hungarian Development Bank (MFB) – in corporation with the Municipal Government – is to establish business development capital funds – firs in Hungary – as was announced on October 02, 2019.
The MFB Invest CLC (a branch of MFB) specialised in capital finance of SMEs embarked on launching a city capital fund, a thematic business development fund. Its objective is to provide finance for the firms that constitute the core of economic life in the major Hungarian cities. Before all else, it is the capital funds of Debrecen city that is to get established with the capital fund of 10 billion HUF to provide financial assistance to the promising development ventures of local enterprises.
Photo: János Miskolczi