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Image header Agence Europe
Europe Daily Bulletin No. 13052
ECONOMY - FINANCE - BUSINESS / State aid

In-depth investigation into Hungarian aid for car parts plant

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...

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