Global Trade Alert
Global Trade Alert

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

Announcement

09 Dec 2022

In December 2022, the European Commission approved several modifications to previously adopted Hungarian support schemes in the context of the economic crisis. Two schemes also received additional budgets for the extension.

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Number of interventions

5

0 certainly harmful

0 likely harmful

5 liberalising

List of interventions

Implementation date

09 Dec 2022

Revocation date:

31 Dec 2023

Updated: 09 Dec 2022
Loan guarantee

On 9 December 2022, the European Commission approved Hungary's amendments to its loan guarantee “Krízis 2 (Crisis 2)” scheme to support companies in the context of...

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Implementation date

09 Dec 2022

Revocation date:

08 Mar 2023

Updated: 09 Dec 2022
State loan

On 9 December 2022, the European Commission approved Hungary’s amendments to its state loan umbrella scheme to support companies in the context of the Russian invasion of Ukraine. The measure...

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Updated: 09 Dec 2022
Capital injection and equity stakes (including bailouts)

On 9 December 2022, the European Commission approved Hungary’s amendments to its equity umbrella scheme to support companies in the context of the Russian invasion of Ukraine. The measur...

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Updated: 09 Dec 2022
Tax or social insurance relief

On 9 December 2022, the European Commission approved Hungary’s amendments to its tax reductions umbrella scheme to support companies in the context of the Russian invasion of Ukrain...

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Updated: 09 Dec 2022
Financial grant

On 9 December 2022, the European Commission approved Hungary’s amendments to its financial grant umbrella scheme to support companies in the context of the Russian invasion of Ukraine. The me...

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