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  04/12/2024

  Hungría

  Hungary to introduce new statistical cla­s­si­fi­ca­tion for economic activities on 1 January 2025

  As of 1 January 2025, a new version of the statistical industrial classification of activities (NACE’25) will replace the currently applicable classification system (NACE’08). The change was mandated by EU legislation, and as a result from 1 January 2025 economic activities pursued by Hungarian companies must be classified according to the new NACE’25.Hungary’s parliament has just adopted the act outlining the obligations of Hungarian companies regarding the upcoming changes to the activity-classification system specified below.Until 31 January 2025, the National Tax and...

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  14/10/2024

  United Kingdom

  Procurement Act go-live delayed to February 2025; but no hold-up in preparations for the new regime

  The six-month implementation period for entry into force of the new UK Procurement Act 2023 has been delayed a further four-months, with the new go-live date now being pushed back to 24 February 2025. This delay has not held up the Cabinet Office’s engagement with public sector and suppliers on the new features of the new Act, introducing the new Procurement Pathway for contracting authorities and engaging with suppliers on registering with the new Supplier Registration Service.Cabinet statement – reasons for delayThe new National Procurement Policy Statement (NPPS) issued in May before...

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  08/10/2024

  Belgium

  The new payment rules in public procurement are also of relevance in the healthcare sector

  GB NL FR

  The new payment rules (Royal Decree of 12 August 2024) put an end to the classic distinction between the verification period and the subsequent payment period. Starting from 1 January 2025, a single processing period will be the starting point. For hospitals (and other contracting authorities active in the healthcare sector), a processing period of 60 days will be applied, which can be extended, where necessary, by a verification period of 30 days, particularly for contracts related to their specific activity in the healthcare sector. In this newsletter, the rules specific to healthcare sector...

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  02/10/2024

  Hungría

  Hungary begins im­ple­me­n­ta­tion of EU AI Act with passage of Resolution

  The Hungarian government has issued Resolution 1301/2024. (IX. 30.), which establishes the foundation for creating the body responsible for implementing the tasks required by the EU AI Act. In issuing this resolution, Hungary has begun preparations for enforcing the regulation, which means that companies should now prepare for compliance by reviewing the AI systems they use, assessing these systems' alignment with the EU AI Act's requirements, and preparing the necessary risk management documentation to ensure transparency, accountability, and safety.Hungary’s new enforcement body will:Operate...

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  22/08/2024

  Bulgaria

  Bulgaria opens EU-funded 3000 MWh stand-alone battery storage facility tender

  On 21 August 2024, the Bulgarian Ministry of Energy opened a tender procedure for National infrastructure for storage of renewable energy (RESTORE) for granting stand-alone battery energy storage system (BESS) tender funded under the EU’s Recovery Resilience Facility (the “Procedure”).The deadline for submitting applications will be 17:00 on 21 November 2024. Bids must be submitted electronically only.The Procedure aims to provide funding for the construction and implementation of at leasta 3000 MWh stand-alone battery storage facility. The total amount of the grant that can be...

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  06/08/2024

  Hungría

  EU Commission finetunes the Foreign Subsidies Regulation: insights into the latest Guidance

  On 26 July 2024, the European Commission released a staff working document that clarifies the Commission’s substantive test under the Foreign Subsidies Regulation (FSR). This document serves as a valuable supplementary resource to FSR case-law and provides insight into how the Commission will conduct FSR assessments. Although this document is not binding, it may also prove highly beneficial for companies in evaluating and managing FSR risks.What are FSR procedures?The preamble to the FSR states that existing EU instruments do not address distortions caused by foreign aid, prompting the Commission...

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