Global Trade Alert
Global Trade Alert

Hungary: Amended state aid measures to provide aid to undertakings affected by the Russian invasion of Ukraine

Announcement

09 Mar 2023

In March 2023, the European Commission approved the amendment of two existing Hungarian state aid schemes with a combined budget increase of EUR 6.18 billion (USD 6.5 billion).

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Mar 2023

Revocation date:

31 Dec 2023

Updated: 09 Mar 2023
State loan

On 9 March 2023, the European Commission approved the amendment of a Hungarian state aid loan program with subsidised interest rates. The temporary measure is open to all sectors, ex...

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Implementation date

09 Mar 2023

Revocation date:

12 Jun 2023

Updated: 09 Mar 2023
State loan

On 9 March 2023, 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 measu...

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Updated: 09 Mar 2023
Capital injection and equity stakes (including bailouts)

On 9 March 2023, 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 measu...

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Updated: 09 Mar 2023
Tax or social insurance relief

On 9 March 2023, 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 measu...

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Updated: 09 Mar 2023
Financial grant

On 9 March 2023, 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 ...

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