Global Trade Alert
Global Trade Alert

Hungary: EUR 1.14 billion scheme to support companies in context of Russia's invasion of Ukraine

Announcement

20 Jun 2022

In June 2022, the European Commission approved a Hungarian state aid scheme to support companies in the context of Russia's invasion of Ukraine.

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

20 Jun 2022

Revocation date:

No revocation date

Financial grant

On 20 June 2022, the European Commission approved a EUR 753 million (USD 793 million) financial grant scheme from Hungary. The aid will take the form of, amongst other things, financial grants. Compan...

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Tax or social insurance relief

On 20 June 2022, the European Commission approved a EUR 753 million (USD 793 million) tax reduction scheme from Hungary. Companies of all sizes and from all sectors (except the financial sector) can b...

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Capital injection and equity stakes (including bailouts)

On 20 June 2022, the European Commission approved a EUR 753 million (USD 793 million) equity scheme from Hungary. Companies of all sizes and from all sectors (except the financial sector) can be eligi...

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State loan

On 20 June 2022, the European Commission approved a EUR 387 million (USD 407 million) state loan scheme from Hungary. Companies of all sizes and from all sectors (except the financial sector) can be e...

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