Hungary: Introduction of HUF 35 billion scheme to support agri-food, aquaculture and forestry undertakings

Announcement

19 May 2020

In May 2020, the European Commission approved a state aid scheme from Hungary to support undertakings operating in the sectors of primary agricultural production, food industry, fisheries and aquaculture, forestry, and game/wildlife management.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 May 2020

Revocation date:

31 Dec 2020

Updated: 19 May 2020

Financial grant

On 19 May 2020, the European Commission approved a HUF 35 billion (USD 117 million) financial grant scheme from Hungary. It will support any Hungarian company of any size operating in the sectors of p...

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)

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