NEWSROOM

Budapest Geothermal Energy Summit

At this year’s Budapest Geothermal Energy Summit, the leading regional forum on the future of geothermal energy, Gabriella Gálik represented KCG Partners.

EU prepares launch of Chips 2.0 initiative

Semiconductors are the backbone of modern technology, powering everything from smartphones and data centres to electric vehicles and advanced medical equipment. Recognising their strategic importance, the European Union adopted the European Chips Act.

ESG compliance challenges in the financial sector

The European Commissions’ Omnibus initiative, published on 26 February 2025, aimed to align and simplify the EU’s Sustainable Finance framework and to reduce reporting burdens.

New Government measures for the protection and development of Lake Balaton

On 27 August 2025, a new Government decree, commonly known as BATÉK, was published in the Hungarian Gazette with the aim of preserving ecological values, expanding public use and ensuring sustainable use of the areas along the lakeshore.

Reclassification option of garden properties

Amendments to the Land Registry Act, in force since July 2025, bring long-anticipated relief for owners of ‘zártkert’ (garden or holiday plot) properties.

New tax proposal to boost EU budget

On 16 July 2025, the European Commission proposed new budget options for its next multiannual financial framework, which will run from 2028 to 2034. As part of the framework, a new tax, the so-called “Corporate Resource for Europe” (CORE) contribution, was also presented.

EU sets 2040 climate target in new legal framework

In early July 2025, the European Commission released a proposal for a far-reaching emissions reduction plan that sets the course for EU climate policy beyond 2030.

Important Changes in Civil Litigation – Part III – Review and Reasoning

This article is part of a series presenting selected amendments introduced by Act XLIX of 2025 on the amendment of laws concerning the judiciary (hereinafter the "Act"), which significantly affect civil litigation in several respects.

New bottle return fees stir controversy in Hungary

Starting on 1 September 2025, Hungary’s waste management company MOHU will introduce a new tiered payment system for stores handling bottle and can returns.

Permanent asset management is coming – new taxation, accounting, and duty regulations starting in September

On 19 June 2025, new rules were announced, bringing significant changes to the taxation and accounting regulations for trust foundations. The legislator's goal was to unify previously interpreted regulations and create a clear legal and tax environment.