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NEWSROOM

In our newsroom, you can find a selection of recent major news and updates related to Hungarian legal developments.

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EU Parliament adopts reform of the EU electricity market

Energy prices have been rising since mid-2021, initially in the context of the post-COVID-19 economic recovery. Energy prices rose steeply due to gas supply problems since they are linked together under the merit order system, where the most expensive (usually fossil fuel-based) energy source sets the overall electricity price. In light of these, the European Parliament (EP) voted on 11 April 2024 in favour of legislation to reform the EU's electricity market.

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The European Parliament has decided on mandatory solar installations in Member States

In March 2024, legislation requiring EU Member States to install solar PV systems in new and renovated buildings moved a step closer to being implemented, with the approval of the European Parliament. Members of the European Parliament (“MEPs”) voted 370 in favour, 199 against and 46 abstentions on the directive, which is currently awaiting approval by the Council of Ministers.

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New EU Regulation on Packaging and Packaging Waste

The European Parliament (EP) adopted the Proposal for a Regulation regarding Packaging and Packaging Waste (hereinafter ’PPWR’) on 4 March 2024. The law will enter into force after the Council’s final approval. As far as EU regulations have direct effect, they are binding to every EU citizen and legal person, that is why experts think PPWR will lead to significant changes in the packaging industry. The Proposal requires Member States to set out national waste reduction goals, in particular regarding plastic packaging waste. By 2030, the use of unnecessary packaging shall be reduced by 5%, by 2035 10% and by 2040 15%.

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PUBLICATIONS

In our law library, you can tap into our latest thinking by accessing our legal articles and business insights.

ESG, Among Others, an 'Increasingly Important' Field for International Law Firms

Interview with Eszter Kamocsay-Berta (BBJ; 2024)

Hungary Takes a Look at AI

A Buzz Interview with Rita Parkanyi (CEE Legal Matters; 2024)

Top Legal Executives in Hungary 2023

Interview with Levente Csengery (Budapest Business Journal - special edition; 2023)

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