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Hungary: Commission approves EUR 500 million loan guarantee scheme to support SMEs in context of Russia's invasion of Ukraine

Description

On 11 July 2022, the European Commission approved a HUF 200 billion (USD 492.4 million) loan guarantee scheme in Hungary. The aid will support Hungarian SMEs from all sectors in dealing with economic ...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Jul 2022

Revocation date

08 Dec 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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