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Global Trade Alert

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Hungary: EUR 89.6 million Hungarian investment aid to Samsung SDI's electric vehicle battery plant

Description

On 28 February 2023, the European Commission approved the Hungarian state aid measure to Samsung SDI. The investment aid was maximized by the Commission at EUR 89.6 million (USD 95 million). The state...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Feb 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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