UniCredit Bank (Hungary)

Biotech was set up in 2006 and has since become a key player in the Hungarian medical market. The company both produces and trades orthopaedic, trauma and spine implants, providing mobility solutions for patients. Biotech’s owner and CEO, Dr. Alkaysi Ghazi, is a trained orthopaedist. He initially set up Biotech in a rented factory but the premises soon became too small and unsuitable for the high quality production process necessary for manufacturing these products. “We soon realised that we needed even more space and additional finance to continue developing new products and providing new services“ states Managing Director Szentpétery Olivér. So in 2010, Biotech went to UniCredit Hungary for a loan, bought a new factory, warehouse and office in Diósd near Budapest and also created a new R&D centre. Thanks to this recent expansion, the company can now increase its production and research and also has the infrastructure to take on another 28 employees in 2011.

Company: Biotech GmbH
Type of business: Implant specialist
EU-guaranteed loan from UniCredit Bank Hungary: EUR 546,000

For further information about EIF intermediaries in Hungary, please refer to:
http://www.eif.org/what_we_do/where/hu/