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  • EU watch: employment newsletter February 2007

    Czech RepublicHungaryPolandRomaniaSlovakiaUnited Kingdom 07.02.2007
    The fifth newsletter issued by employment lawyers from across our CMS network of offices is now available. The purpose of these newsletters is to provide information on different aspects of European employment...
  • Final European Commission verdict on competition in EU retail banking

    Czech RepublicHungaryPolandRomaniaRussiaSlovakiaUnited Kingdom 31.01.2007
    On 31 January 2007, the European Commission gave its verdict that there are major competition barriers in retail banking in the EU. The Commission intends to tackle these barriers by using its competition...
  • Commission proposes to include aviation in EU ETS

    Czech RepublicHungaryPolandRomaniaRussiaUnited Kingdom 18.01.2007
    Following its Communication in September 2005 on reducing the Climate Change Impact of Aviation, the Commission recently published a Proposal for a Directive to include aviation in the EU Emissions Trading...
  • Commission to propose renewable energy legislation

    Czech RepublicHungaryPolandRomaniaUnited Kingdom 12.01.2007
    As part of a package of publications, the Commission has announced new objectives to guide the EU’s energy policy and has announced the preparation of an EU renewable energy legislation package for...
  • EU energy inquiry – final report confirms serious competition problems

    Czech RepublicHungaryPolandRomaniaRussiaSlovakiaUnited Kingdom 10.01.2007
    The European Commission has today (10 January 2007) announced the final conclusions reached in its competition investigation into the energy sector, which was launched in June 2005. Commissioner Neelie...
  • Financial Services in Central & Eastern Europe

    Czech RepublicHungaryPolandRomaniaRussiaUnited Kingdom 02.01.2007
    A CMS Cameron McKenna report in association with mergermarket According to Mergermarket studies, the Financial Services sector in the CEE and CIS regions is the foremost area of anticipated M&A activity....
  • Romania and Bulgaria to join EU as of 1 January 2007

    BulgariaRomaniaUnited Kingdom 27.09.2006
    Romania and Bulgaria will be invited to join the European Union on 1 January 2007 based on the recommendation of the European Commission made yesterday to the European Parliament in Strasbourg. With the...
  • Hungary: mid-year tax reform

    Czech RepublicHungaryRomaniaSlovakiaUnited Kingdom 08.08.2006
    A tax reform package will be introduced from 1 September 2006 which may affect foreign investors active on the Hungarian market. The changes are intended to help reduce Hungary's public deficit, raise...
  • Hungary: transfer pricing

    Czech RepublicHungaryPolandRomaniaRussiaSlovakiaUnited Kingdom 04.08.2006
    From 1 January 2007, related parties will be able to apply to the Hungarian Ministry of Finance for advance approval of a methodology for establishing a fair market price in a future related party transaction...
  • Romania: EU accession

    BulgariaRomaniaUnited Kingdom 23.05.2006
    In 2007, Romania and Bulgaria will complete the fifth enlargement of the EU, which started in May 2004 with the accession of ten new Member States. However, their accession can be postponed until 2008...