NEWSROOM

EU countries renew push for windfall tax on oil companies

Six European Union Member States are intensifying their calls for an EU-wide windfall tax on oil companies, arguing that energy firms are generating exceptionally high profits amid the ongoing conflict in the Middle East.

Increased Transparency on the Ultimate Beneficial Owners of Private Equity Funds

On 25 August, it was announced that the Hungarian government intends to tighten and clarify the rules regarding the identification of the beneficial owners of venture capital funds and private equity funds.

Regulating by Complexity – Remuneration at State-Controlled Companies

In August 2026, a new government decree introduced new rules governing certain aspects of companies under significant state control. The regulation concerns, among other things, the composition and remuneration of boards of directors and supervisory boards, including the remuneration of their members and chairpersons, as well as the remuneration of executive employees.

New EU guidance on renewable energy auctions and wind projects

The European Commission has recently provided further guidance on the application of the non-price criteria applicable to renewable energy auctions under the EU Net-Zero Industry Act (“NZIA”).

Hungary Plans To Abolish Online Access to Court Hearings Shortly After Its Introduction

In September 2026, the Hungarian Parliament adopted a bill proposing to abolish the system of online public access to court hearings.

Proposed amendment to the architecture act: new environmental sanctions, housing-loan relief, and an EU compliance fix

On 1 September 2026, the Hungarian government submitted a bill to the Hungarian Parliament amending the Construction Act.

Tax advisors call for end to mandatory chamber contributions

In July 2026, the association of tax advisors has called for the abolition of mandatory registration with the Hungarian Chamber of Commerce and Industry (MKIK) and the associated contribution fee.

ESG software regulations have been supplemented

On 17 August 2026, a decree of the Supervisory Authority for Regulatory Affairs (abbreviated in Hungarian: SZTFH) was published, amending two SZTFH decrees relating to ESG matters. The decree supplements the transitional provisions of SZTFH Decree with regard to the conditions for the registration of ESG software.

Stricter EU framework for short-term rentals

The European Commission’s legislative proposal concerning short-term rentals, a draft of which became public at the end of August 2026, was expected to be presented early September 2026.

Hungary to reopen its wind energy market

Hungary is considering a significant expansion of its onshore wind generation capacity, marking a potential turning point for a market in which virtually no new wind farms have been developed for more than a decade.