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State Aid

State Aid Cases

SA.57121 COVID-19: Exceptional Liquidity Guarantee Programs by Garantiqa Zrt and the Hungarian Development Bank

Member State: Hungary
Primary Objective: Remedy for a serious disturbance in the economy
Legal basis primary: Art. 107(3)(b) TFEU - Remedy serious disturbance
Legal basis secondary: Covid-19 - Temporary Framework Covid-19
Aid instrument: Guarantee
Case Type: Scheme
Duration: until 31.12.2020
Notification or Registration Date: 22.04.2020
DG Responsible: Competition DG
Related Cases: SA.61842


Decision on 28.04.2020: Decision not to raise objections
Press release: IP/20/771
Decision Text: Letter to the Member State - authentic language   en  pdf
Published on 29.04.2020
Publication on 08.05.2020: Official Journal: JOCE C/158/2020

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