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 s...

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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