Global Trade Alert
Global Trade Alert

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

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

10 Dec 2020

Revocation date:

No revocation date

Tax or social insurance relief

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 company from the food, beverage, sport, and cultural sectors...

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Financial grant

On 10 December 2020, the European Commission approved a HUF 27 billion (USD 92 million) financial grant (wage subsidy) scheme from Hungary. It will support any company from the food, beverage, sport, ...

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Financial grant

On 10 December 2020, the European Commission approved a HUF 15 billion (USD 50 million) financial grant (wage subsidy) scheme from Hungary. It will support any company in the accommodation service sec...

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