December 5 (SeeNews) - The Serbian economy ministry has allocated 4.0 billion dinars ($47.2 million/34.7 million euro) in its 2014 budget to back the development of private venture capital funds, local media reported on Thursday, quoting the country's economy minister.
The move should allow privately founded venture funds to get between 20% and 40% of their capital from the state, news agency Beta reported, quoting Sasa Radulovic.
(1 euro=115.2069 Serbian dinars)