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Hungary: HUF 47.5 billion scheme to support the economy during the second state of emergency (COVID-19)

Description

On 10 December 2020, the European Commission approved a HUF 5.5 billion (USD 18 million) tax break scheme from Hungary. It will support any company from the food, beverage, sport, and cultural sectors...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Dec 2020

Revocation date

30 Jun 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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