State aid: Commission approves modified Hungarian schemes to support the economy in the context of the coronavirus outbreak

The European Commission has found the modification of several existing Hungarian State aid schemes to support the economy in the context of the coronavirus outbreak to be in line with the Temporary Framework. The original schemes were approved by the Commission under case numbers SA.56926SA.56994SA.57121SA.57064SA.57198SA.57329SA.57269SA.57285SA.57468 and SA.58202. Hungary notified certain modifications to the original schemes, in particular (i) the extension of the duration of the schemes until 30 June 2021; (ii) the extension of the initial deadlines for submitting applications; and (iii) an increase in the budgets of the schemes, by a total of €3.1 billion. The Commission concluded that the schemes, as modified, are necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU as interpreted by the Temporary Framework. The measure SA.58202, as modified, contributes to the development of certain economic activities, is appropriate and necessary to address the health crisis pursuant to Article 107(3)(c) TFEU and does not affect trading conditions and competition to an extent contrary to the common interest. On this basis, the Commission approved the measures under EU State aid rules. More information on the Temporary Framework and other actions taken by the Commission to address the economic impact of the coronavirus pandemic can be found here. The non-confidential version of the decision will be made available under the case number SA.59306 in the State aid register on the Commission’s competition website.