Academic Scientific JournalsThe perspectives of venture capital in Central and Eastern Europe
Keywords:
venture capital, private equity, fund of funds, public-private partnership, Central and Eastern EuropeAbstract
The paper describes the importance of governmental actions of a country or a region to form and stimulate the VC industry. The state support has the key value for the development of VC industry. It proceeds from the need of anincrease in competitiveness of the national industry in the conditions of a high competition in the world market. The region of CEE possesses a developed legal and regulatory system that diminishes operational risk and enhances the effectiveness of developing markets. However, there are weaknesses of this region that can be obstacles for VC investments inflow. The paper shows the problems of the VC environment in CEE that are able to explain, at least partially, the condition of the VC industry and its lag behind the developed countries, and gives some practical suggestions in order to enhance the VC development in the region.
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