Hungary Tightens Rules for Foreign Investors, Poland Mulls Similar Move

2020. május 27.

Emerging Europe

Foreign investors in Hungary will have to apply for a special permit in order to acquire more than 10 percent of local companies deemed strategically important. In a decree published on May 26, making use of controversial emergency legislation which some critics have described as creating the EU’s first dictatorship, Hungary’s government stipulates that foreign investors undertaking deals worth more than one million euros in sectors like healthcare, energy, food production, waste management, construction, finance, shipping, defense, and information technology will need to submit documentation to the minister of innovation and technology, who will have 45 days to either approve or deny the request. More...