NEWSROOM

A New ESG Toolkit Has Been Published for SMEs

For SMEs, compliance with ESG requirements represents a proportionally greater burden, which is why, coordinated by the Győr-Moson-Sopron County Chamber of Commerce and Industry and supported by the Enterprise Development Project, an “ESG Toolkit” was published, offering practical assistance in preparing for sustainability tailored specifically to the needs of Hungarian SMEs.

A New era in fiduciary asset management – the institution remains, the tax rules tighten

On 17 July 2026, the Government submitted to Parliament a bill that, as of 31 August 2026, will reshape the personal income tax rules governing fiduciary asset management (“bizalmi vagyonkezelés” in Hungarian) and private foundations.

Modernisation of air passenger rights

According to the European Parliament's press release of 15 June 2026, the European Parliament and the Council reached a provisional agreement to modernise the EU air passenger rights framework while preserving the core rights established under the existing regime.

EU proposes Cloud and AI Development Act to accelerate data centre deployment

The European Commission has published a proposal for a Regulation on the Cloud and AI Development Act (CADA) aimed at strengthening the EU’s cloud and AI infrastructure and addressing the rapidly growing demand for data centre capacity driven by artificial intelligence.

New Restriction on Guest Worker Residence Permit Applications

According to a recent Government Decree, as of 6 June 2026, it is no longer possible to apply for a new ‘guest worker residence permit’.

Extended Working Time Frames in Hungary: Decree Expired, Impact Remains after the State of Emergency

The recent expiration of a key Hungarian Government decree has introduced important changes to working time arrangements, particularly in the tourism and hospitality sectors.

EU considers new social media age restrictions for minors

The European Union is considering new legislation that could introduce a minimum age requirement for access to social media platforms, following remarks by European Commission President Ursula von der Leyen at a conference in Copenhagen.

EU passenger package: one journey, one ticket

The European Commission has proposed new rules to make seamless travel across Europe a reality.

Iran-driven energy crisis may revive the EU's long-stalled energy tax reform

Rising energy prices following the escalation of tensions in the Middle East have not only increased pressure on businesses and consumers, but have also prompted renewed action at the EU level. In April 2026, the European Commission presented a new energy crisis response package, one of whose most noteworthy elements is the renewed focus on reforming the EU's energy taxation framework.

EU carbon market to be recalibrated

The EU is preparing a new round of targeted adjustments to its flagship carbon pricing instrument, the EU Emissions Trading System (EU ETS), as reflected in a Commission initiative published in April 2026 and analyzed in recent European Parliamentary Research Service materials.