PRINT THIS PAGE Spring 2003 Newsletter27/08/2003. Source: Hungarian venture capital and private equity association.
Hungary's private equity industry enjoyed a favourable first quarter in 2003, according to the Hungarian Venture Capital and Private Equity Association. While the market remains small it has continued to grow steadily despite the global economic downturn that has plagued the private equity industry worldwide. Among the improvements to the Hungarian private equity industry that have been made for so far this year were the recent changes to the country's personal tax-regime. The development of employee share schemes along the lines of those used in other European markets has injected some welcome flexibility into manager incentive schemes.
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The Hungarian Venture Capital and Private Equity Association (HVCA) represents virtually every major source of funds and expertise of private Equity in Hungary and is dedicated to promoting the venture capital and private equity industry for the benefit of funds, entrepreneurs, private Equity professionals and the economy as a whole. The Association aims to promote the development of the industry, and to create a set of rigorous professional and ethical standards for its member companies to follow. The members involve all the important investors or advisors in the sector dealing with non-quoted companies.
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