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NEWSROOM
In our newsroom, you can find a selection of recent major news and updates related to Hungarian legal developments.
Parliament adopts law to restore 20% of EU’s land and sea by 2030
A shocking figure: based on the European Environmental Agency (EEA) Report No 10/2020, over 80% of European habitats are in poor shape. To contribute to the long-term recovery of damaged nature across the EU’s land and sea areas, a new EU law sets a target to restore at least 20% of the EU’s land and sea areas by 2030 and all ecosystems in need of restoration by 2050.
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The social tax on interest income remains with us
Since 1 July 2023, interest income has been subject to a 13% social contribution tax (‘szocho’) in addition to the 15% personal income tax (‘szja’). Originally this was only for the duration of the emergency caused by the armed conflict in Ukraine. However, a new act published in the Hungarian Official Gazette on 18 June 2024, changed the situation.
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A two-stage procedure could help in environmental authority cases in Hungary from 1 July 2024
To further safeguard Hungary’s natural values and resources, promote a greener economy, and enhance the circular economy, the Hungarian Government introduced the possibility of two-level proceedings in environmental authority cases starting from 1 July 2024. This measure aims to strengthen the protection of public health and the environment.
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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)
