Client Alert

Decade-long changes in grid connections The latest government package to support further growth in green energy was introduced overnight in mid-week, with an order of preference and changes to the rules of the capacity allocation procedure, to help ensure that increased grid capacity demand is dealt with efficiently and fairly. The published rules will bring […]...

Employers in Ukraine must review job titles in their organisations in line with the recently updated list of professions. In January 2024, the Ministry of Economy of Ukraine approved the amendments to the Classifier of Professions (the “Classifier”) containing a formal list of professions that should be used by employers for employee job titles. The […]...

In a decisive move, the Parliament of Bosnia and Herzegovina (BiH), convened in a 2nd emergency session of the House Peoples on 16th February 2024 and passed a new Law on Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF Law). The urgency of its adoption was underscored by the imminent fifth round of evaluation by MONEYVALL, scheduled […]...

Practical effects & future outlook As of 1 January 2024, a significant portion of the Consolidation Package (Act No. 349/2023 Coll.) came into effect. However, certain modifications introduced by the Consolidation Package in the field of labour law have not yet been fully implemented in practice, while some other notable changes will take effect from […]...

A reorganisation of the authorities regulating the pharma sector and new legislative pieces havebrought notable changes to the life sciences sector in Hungary. The key changes over the last few months have been:...

Once implemented, those initiatives will require significantly more efforts from parties involved in trade and foreign investments to ensure regulatory compliance. The pursued security aims will lead to enhanced monitoring, assessments and controls being put in place, which will have to be factored into a reframed regulatory compliance approach by affected parties. In late January […]...

As 2023 drew to a close, the pharmaceutical sector in Slovakia saw a notably busy period due to a looming deadline for the conclusion of Managed Entry Agreements (MEAs).  All medicinal products previously subject to conditional reimbursement were required to undergo resubmission, culminating in the conclusion of MEAs with the Ministry of Health by the […]...

Changes to the Croatian Labor Act, governing work for digital platforms, took effect on January 1, 2024. Croatia opted to regulate platform work before the formal adoption of the EU Platform Work Directive. What are the main novelties? Work organization Digital working platforms (e.g., companies offering services through mobile apps for transport or food delivery) […]...

This article is available in both English and Hungarian. This year several employment law rules of practical relevance will change in Hungary. These changes will have different entry into force dates, and are all briefly summarised below. Child and parental leave allocation As of 1 January 2024, the conditions for granting child and parental leave […]...

*This article is available in both English and Hungarian. In the evolving landscape of the Hungarian energy market, there is a growing emphasis on transitioning to self-sufficiency and on-site energy which helps with substantial costs and energy losses associated with transmission. As a result, there is an increasing interest in the industrial sector and commercial […]...

Extensive experience in supporting your investments in Hungary and across CEE/SEE In December 2023, Parliament passed a bill to reform the Hungarian immigration system. Act XC of 2023, which entered into force on 1 January 2024, introduces the guest investor residence permit with effect from 1 July 2024, thus re-launching the Hungarian “Golden Visa” programme. […]...

The current rules on foreign direct investments (FDI), which are already quite restrictive, will be tightened further from January next year: the current exemptions will be narrowed, and the Hungarian State will have a right of first refusal for solar power plant investments. The government is trying to address a long-standing and sensitive issue for […]...