IIB,EIF launch Central Europe fund-of-funds initiative for SMEs

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The European Investment Fund (EIF), together with the Development Bank of Austria (OeEB, administering investment for the Austrian Ministry of Finance), the Czech-Moravian Guarantee and Development Bank (?MZRB), the SZRB Asset Management (SZRB AM, asset management subsidiary of the Slovak Guarantee and Development Bank), the Slovene Enterprise Fund (SEF) and the International Investment Bank (IIB), launched a regional fund-of-funds initiative focused on boosting equity investments in Austria, Czech Republic, Hungary, Slovakia and Slovenia. The fund of funds is expected to mobilize at least around EUR 160 million in equity investments into SMEs and small mid-caps in the five countries, as well as additional investments in the wider region.
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