Press Release: State aid: Commission temporarily authorises Hungary to grant limited amounts of aid of up to €15,000 to farmers

The European Commission has authorised under State aid rules a Hungarian scheme worth some €18.2 million (HUF 5000 million) aimed at supporting farmers who encounter difficulties as a result of the current economic crisis. Aid under this new scheme can be granted until 31 December 2010 and will take the form of direct grants, soft loans, interest subsidies and guarantees. The Hungarian scheme is an application of the amendment to the European Commission's Temporary framework for state aid measures to support access to finance in the current financial and economic crisis, which introduced the possibility of granting limited amounts of aid to primary agricultural producers.

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