Tag: Hungary

Commission approves €145 million Hungarian scheme to compensate large companies for damages suffered due to #Coronavirus outbreak 

Commission approves €145 million Hungarian scheme to compensate large companies for damages suffered due to #Coronavirus outbreak 

| June 24, 2020

The European Commission has approved under EU state aid rules a HUF 50 billion (approximately €145 million) Hungarian scheme to compensate large companies for the damages suffered due to the coronavirus outbreak and the confinement measures that the Hungarian government had to implement to limit the spread of the virus. Under the scheme, companies will […]

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Commission approves modified €288 million Hungarian scheme to support companies affected by #Coronavirus outbreak

Commission approves modified €288 million Hungarian scheme to support companies affected by #Coronavirus outbreak

| June 24, 2020

The European Commission has found the modification of a previously approved  Hungarian scheme to support the Hungarian economy in the context of the coronavirus outbreak to be in line with EU state aid rules, in particular with the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April and 8 May […]

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EU’s top court rules that Hungary’s anti-NGO law unduly restricts fundamental rights

EU’s top court rules that Hungary’s anti-NGO law unduly restricts fundamental rights

| June 19, 2020

On 18 June, the Court of Justice of the European Union (CJEU) recognized that Hungary’s 2017 law “on the Transparency of Organisations Supported from Abroad” (i.e. receiving foreign funds) unduly restricts the freedom of movement of capitals within the European Union (EU) and amounts to unjustified interference with fundamental rights, including respect for private and […]

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Commission approves €155 million Hungarian ‘umbrella’ direct grant scheme to support the economy in the #Coronavirus outbreak

Commission approves €155 million Hungarian ‘umbrella’ direct grant scheme to support the economy in the #Coronavirus outbreak

| June 10, 2020

The European Commission has approved a HUF 54 billion (approximately €155 million) ‘umbrella’ scheme to support companies affected by the coronavirus outbreak. The umbrella scheme was approved under the state aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. The measure will allow the Hungarian authorities to […]

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Three arrested in #Hungary in €1.4 million #VAT fraud investigation

Three arrested in #Hungary in €1.4 million #VAT fraud investigation

| June 2, 2020

Last week, the Hungarian National Tax and Customs Administration (Nemzeti Adó és Vámhivatal) unravelled a sophisticated tax evasion scheme which caused close to half a billion forints (€ 1.4 million) in tax loss to the Hungarian state budget. A total of three individuals were arrested for their involvement in this value-added tax (VAT) fraud scheme. […]

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EU citizens want more competences for the EU to deal with crises like #COVID-19

EU citizens want more competences for the EU to deal with crises like #COVID-19

| May 28, 2020

EU in action: medical equipment from RescEU reserve being delivered to Spain in May 2020. ©EU/A.P.E.  In a new survey commissioned by the European Parliament, a majority (58%) state they have experienced financial difficulties since the start of the crisis. Conducted at the end of April 2020, nearly seven out of ten respondents (69%) want […]

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Commission approves a €60 million Hungarian direct grants scheme to support micro, small and medium-sized companies affected by the #Coronavirus outbreak

Commission approves a €60 million Hungarian direct grants scheme to support micro, small and medium-sized companies affected by the #Coronavirus outbreak

| May 26, 2020

The European Commission has approved an approximately €60 million (HUF 21 billion) Hungarian scheme to support micro, small and medium sized enterprises (“SMEs”) affected by the coronavirus outbreak. The scheme was approved under the state aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020 and 8 May 2020. The aim of […]

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