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Global Trade Alert

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Hungary: Introduction of scheme to support COVID-19 related R&D projects and products

Description

On 10 August 2020, the European Commission approved a HUF 50 billion (USD 170) million financial grant scheme from Hungary. The aid will support any SME or large undertaking carrying out COVID-19 rela...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Aug 2020

Revocation date

30 Sep 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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