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Global Trade Alert

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Hungary: Prolongation and modification of the Hungarian bank support scheme

Description

On 15 June 2009 Hungary notified a request to prolong and modify its guarantee and recapitalization scheme ("the Original Scheme") for banks in Hungary. (State aid N 355/2009). The Original Scheme, ...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Feb 2009

Revocation date

18 Jun 2013

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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