New Ways of Financing Central European Entrepreneurs
nov 07
November 07.
18:00 - 20:00
Frankel Leo ut 30-34
Room: G 15
Social Event
New Ways of Financing Central European Entrepreneurs
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Date: November 7, 2013 - 18:00 - 20:00
Frankel Leo ut 30-34
Room: G 15
Event type: Roundtable
Event audience: Open to the Public

An Institute for Entrepreneurship and Innovation Roundtable Event


The economic crisis calls for changes in the financing methods of small and medium sized enterprises (SMEs). The traditional channels are not flexible enough to meet the needs of high-risk, undercapitalized companies. New financing channels such as business angels, crowdfunding and venture capital are starting to gain acceptance in the Central-European region. When one thinks about corporate finance in Central Eastern Europe (CEE), the first thing that comes to mind is conventional bank financing. Here, the financial system has been traditionally bank-based, but with the Great Recession upending established economic patterns, the limits of the bank-centered approach became evident. With more defaults of corporate customers and the general atmosphere of caution that followed the credit crunch of 2008, banks have become increasingly stringent in providing credit. In CEE and specifically in Hungary, the situation is exacerbated by the significant sector tax that has been levied on banks, further limiting their willingness to lending in general, let alone providing credit to SMEs, which have always been considered a risky business partner.

Although the consequences of the lack of traditional credit are obviously harmful for SMEs, there might be an element of opportunity in the current crisis. Entrepreneurs may, in particular, look at more cutting-edge ways of financing their ideas. This roundtable discussion is an attempt to sketch this new, more nuanced picture of financing opportunities for CEE SMEs with a particular emphasis on the CEE economy.


  • Patrick Wigan, Director, Wigan Acquisitions VC & PE
  • Zoltán Siklósi, Managing Partner, Investcom Corporate Finance
  • Balázs Tahy, VP at Riverside Europe
  • Nelly Salinkova, Director, Moellendorf Advisors
  • László Hradszki, Partner at 3TS Capital Partners VC & PE
  • Gábor Fináczy, Advisor, Event Commentator and CEU Business School Alumnus

Moderator: Anna Turner, Associate Professor of Finance at CEU Business School

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  • "I have been recently nominated as the Regional IT Manager for West Africa at Unilever. My CEU Business School education has been a key differentiator during an otherwise very competitive recruitment process. I would like to thank all my great peers of the 2013-14 cohort and the wonderful faculty at the B-School for the valuable learning experience I had during my time in BP."

    Moussa Moumouni

    MSc in IT Management class of 2014

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