2014-06-25 – Changes in maximum state aids available for investments in Hungary between 2014 and 2020 – What should you know?

Did you know that from 1 July there will be significant changes made to the maximum EU financed state aids and development tax allowances that large companies can claim in the region of Central Hungary for example, and therefore in the agglomeration of Budapest?

Previously, state aids and tax allowances were available for large corporation investments in this region up to 10% of the investment value, in Budapest, and up to 30% in the other parts of Pest county. However, the regional state aid map is set to change radically from July: from this point on, large corporation investments in Budapest and in its agglomeration that are non-preferential ones (such as Biatorbágy, Budaörs, Dunakeszi, Göd, Mogyoród, Szentendre or Törökbálint) will no longer be eligible for such financial support at all.


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