The new Administrative Court Procedural Act has been published in the Official Hungarian Gazette on 1 March 2017 after resolving certain constitutional issues.
Based on the amendment of the acts on the civil organisation procedures entered into force on 1 March 2017, registration procedures of civil organisations will be speeded up. According to the amendment, if, in simplified procedures, the court does not meet its obligation to render its decision 30 days after the expiry of the deadline prescribed by the law, the requested data of the organization shall be registered by the operation of law automatically.
Under a new act entered into force on 16 March 2017, certain fees and duties relating to building authority proceedings and company registration proceedings have been modified or erased, for the purpose of reducing the administrative burdens of the citizens and companies.
In order to comply with the provisions of the new Hungarian Civil Code, limited liability companies (Kft.) shall increase the amount of their registered capital up to HUF 3 million. The deadline for adjusting the articles of association in this respect is 15 March 2017, thus, the application for registration of the amendment shall be submitted to the competent court of registration before 14 April 2017 at the latest.
The European Commission launches public consultation on the future of the Common Agricultural Policy
The current Common Agricultural Policy has evolved over the years from 1962 to meet the challenges of the agricultural markets.