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.

Source

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

20 Jun 2022

Revocation date:

30 Aug 2022

Updated: 20 Jun 2022
State loan
<p>On&nbsp;20&nbsp;June 2022, the European Commission approved a EUR 387 million (USD 407 million)&nbsp;state loan scheme from Hungary. Companies of all sizes and from all sectors (e...
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Updated: 20 Jun 2022
Capital injection and equity stakes (including bailouts)
<p>On&nbsp;20&nbsp;June 2022, the European Commission approved a EUR&nbsp;753&nbsp;million (USD&nbsp;793&nbsp;million)&nbsp;equity scheme from Hungary. Companies of a...
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Updated: 20 Jun 2022
Tax or social insurance relief
<p>On&nbsp;20&nbsp;June 2022, the European Commission approved a EUR&nbsp;753&nbsp;million (USD&nbsp;793&nbsp;million)&nbsp;tax reduction scheme from Hungary. Compani...
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Updated: 20 Jun 2022
Financial grant
<p>On&nbsp;20&nbsp;June 2022, the European Commission approved a EUR&nbsp;753&nbsp;million (USD&nbsp;793&nbsp;million)&nbsp;financial grant scheme from Hungary. The a...
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