Hungary: Commission approves EUR 500 million loan guarantee scheme to support SMEs in context of Russia's invasion of Ukraine

Announcement

11 Jul 2022

In July 2022, the European Commission approved a Hungarian loan guarantee scheme to support SMEs from all sectors in the context of the Russian invasion of Ukraine. The scheme was approved under the state aid Temporary Crisis Framework.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Jul 2022

Revocation date:

08 Dec 2022

Updated: 11 Jul 2022

Loan guarantee

On 11 July 2022, the European Commission approved a HUF 200 billion (USD 492.4 million) loan guarantee scheme in Hungary. The aid will support Hungarian SMEs from all sectors in dealing with econom...

Related State Acts

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Hungary: Amendments to state aid measures to support the economy following the Russian invasion of Ukraine

24 Mar 2022

EU: Commission adopts state aid Temporary Crisis Framework to provide financial support in the context of the Russian invasion of Ukraine (extended until 2023)

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