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Hungary × Government & Regulatory Affairs
Licences, approvals and dealing with regulators. In Hungary, that means local law, local regulators and local practice, handled by a qualified professional who practises there.
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Bring a requirement →Budapest · Tuesday 3 November
21:01
Local time
What the rules say in Hungary
From the Hungary market guide: the points that matter most for government & regulatory affairs, each with the source it was checked against.
Essentials guide · Source-checked research59% of statements checked against a source9 checked against an official source21 checked against a secondary sourceChecked 2026-10-195 held back until checked against an official source9 topics include AI-written statements, not source-checkedNot yet professionally reviewed
The Magyar Nemzeti Bank (MNB) is Hungary's central bank and also supervises banks, insurers, investment firms and capital markets.
Significant banks are not supervised by the ECB as Hungary is outside the euro area.AI-written, not source-checkedAcquisition of agricultural and forestry land in Hungary is heavily restricted, including for legal entities and many foreign buyers.
AI-written, not source-checkedThe Hungarian Investment Promotion Agency (HIPA) supports foreign investors and administers individual government cash subsidy offers for large investment projects.
AI-written, not source-checkedPublic procurement in Hungary is governed by the Public Procurement Act (Act CXLIII of 2015), which transposes the EU procurement directives, and is run through an electronic procurement system.
AI-written, not source-checkedConcentrations meeting the turnover thresholds of the Hungarian Competition Act must be notified to the Hungarian Competition Authority (GVH); from 1 January 2023 the main threshold rose from HUF 15 billion to HUF 20 billion and the secondary threshold from HUF 1 billion to HUF 1.5 billion.
EU Merger Regulation filings take precedence where EU thresholds are met; smaller deals can in some cases be called in.Andersen in Hungary · checked 2026-10-19Hungary has two foreign investment screening regimes: Act LVII of 2018 on investments that could threaten national security, and Government Decree 561/2022, under which acquisitions in strategic companies need approval from the Minister of National Economy when made by non-EU/EEA/Swiss investors or, for majority control above HUF 350 million, by EU, EEA or Swiss investors.
Notification is made to the competent minister; deals completed without approval can be void.CMS · checked 2026-10-19In December 2022 the Council of the EU adopted measures against Hungary under the budget conditionality mechanism, suspending 55% of budgetary commitments under three cohesion policy programmes and barring new EU legal commitments with public interest trusts set up under Hungarian Act IX of 2021.
The suspended programmes are the Environmental and Energy Efficiency, Integrated Transport, and Territorial and Settlement Development Operational Programmes Plus. Whether the measures have since been lifted or changed was not confirmed.EUR-Lex (Publications Office of the European Union) · checked 2026-10-19Hungary established an Integrity Authority in 2022 to oversee the use of EU funds and anti-corruption safeguards.
AI-written, not source-checkedRead the full guide: Licensing, sector rules and real estate · M&A, merger control, investment screening and insolvency
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Also in Hungary
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