On Wednesday 26 October, the European Commission approved a Hungarian loan and guarantee scheme worth €1.25 billion to support small and medium-sized enterprises (SMEs) and large companies in the context of Russia’s war against Ukraine.
The scheme was approved under the State aid Temporary Crisis Framework.
Aid under this measure will take the form of loans with subsidised interest rates and guarantees on loans granted by the Export-Import Bank Private Limited Company Eximbank, the...