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Further tightening of foreign direct investment screening in Hungary

On 17 June 2020, the Hungarian Parliament reconfirmed in a new act the rules adopted by the Hungarian Government earlier in May 2020 which substantially expanded the requirements for all foreign investors to seek prior ministerial approval for their investments in Hungarian companies engaged in certain strategic industries.

The strategic industries covered by the screening requirement in the new act are now wide-ranging and go far beyond the previous scope of Hungary’s FDI screening requirements.

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