NEWSROOM

The Increase of Fuel’ Excise Taxes May Be Postponed

The Minister of National Economy has recently announced that the increase in fuel excise taxes, originally planned for January 2026, will be postponed for six months.

Key amendments to product liability

Product liability regulations hold manufacturers strictly responsible for damages caused by defective products. It allows injured parties to claim compensation directly from the manufacturer, without relying on contractual rules.

Hungarian Chamber of Commerce and Industry proposes tax relief for SMEs

The Hungarian Chamber of Commerce and Industry (MKIK) proposed new tax relief measures at a strategic meeting held at the end of August, aiming to ease the burden on small and medium-sized enterprises (SMEs).

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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.