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.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 Dec 2020

Revocation date:

30 Jun 2021

Announced: 10 Dec 2020
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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Announced: 10 Dec 2020
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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Announced: 10 Dec 2020
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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Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70619

interventions

194

jurisdictions