Hungary: HUF 47.5 billion scheme to support the economy during the second state of emergency (COVID-19)

Announcement

10 Dec 2020

In December 2020, the European Commission approved a state aid scheme from Hungary to support undertakings from specific sectors in the context of the Covid-19 pandemic.

Source

Number of interventions

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 Dec 2020

Revocation date:

30 Jun 2021

Updated: 10 Dec 2020

Financial grant

<p>On 10 December 2020, the European Commission approved a HUF 15 billion (USD 50 million) financial grant (wage subsidy) scheme from Hungary. It wil...

Updated: 10 Dec 2020

Financial grant

<p>On 10 December 2020, the European Commission approved a HUF 27 billion (USD 92 million) financial grant (wage subsidy) scheme from Hungary. It wil...

Updated: 10 Dec 2020

Tax or social insurance relief

<p>On 10 December 2020, the European Commission approved a HUF 5.5 billion (USD 18 million) tax break scheme from Hungary. It will support any compan...

Related State Acts

19 Mar 2020

EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)

Threads

See all

This state act is not part of any Thread yet.