Global Trade Alert
Global Trade Alert

Hungary: Financial aid and tax scheme for facilitating investments in sectors strategic for the transition towards a net-zero economy

Announcement

28 Jul 2023

In July 2023, the European Commission approved a Hungarian state aid scheme for promoting investment in sectors that are strategically important for transitioning to a net-zero economy.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

28 Jul 2023

Revocation date:

No revocation date

Financial grant In force

On 28 July 2023, the European Commission approved a Hungarian direct grant scheme with a total budget of HUF 880 billion (USD 2.52 billion). The grants aim to support investment in technologies that a...

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Tax or social insurance relief In force

On 28 July 2023, the European Commission approved a Hungarian tax concession scheme with a total budget of HUF 880 billion (USD 2.52 billion). The tax advantages aim to support investment in technolog...

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