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Hungary: Financial aid scheme to electricity storage undertakings for efforts to transition to a net-zero economy

Description

On 21 June 2023, the European Commission approved a HUF 108.6 billion (approx. USD 322 million) investment grant scheme by Hungary. The grants will be provided to electricity storage operators for ext...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Jun 2023

Revocation date

31 Dec 2025

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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