On Thursday 27 October, the European Commission opened an in-depth investigation to establish whether the aid measure Hungary plans to grant for the construction of a new automotive components plant in the region of Észak Magyarország is in line with EU State aid rules.
In 2021, Hungary notified its intention to grant Rubin NewCo Kft €43.76 million in public aid for the construction of this new automotive component production plant.
The new plant will take over the capacity of two...