AUSTRIA/EU
The European Commission’s "Omnibus Simplification Package" to Enhance Competitiveness
On 26 February 2025, the European Commission published a proposal to streamline sustainability regulations, aiming to ease compliance burdens while maintaining climate and policy objectives. The initiative responds to concerns raised in The Future of European Competitiveness, a report by Mario Draghi, which highlights the need for a regulatory framework that fosters resilience and economic growth.
BULGARIA
Adopting the MiCA Regulation in Bulgaria
A draft law on Markets in Crypto-Assets (“MiCA Act”) was recently introduced and submitted for approval by the Bulgarian Parliament. The MiCA Act aims to implement the requirements set by Regulation (EU) 2023/1114 on Markets in Crypto-Assets (“MiCA Regulation”) and to establish a unified regulatory framework for crypto-asset markets, along with comprehensive supervisory regulations governing the issuance, offering, and activities associated with crypto-assets.
HUNGARY
Tightening the Rules on Short-term Home Rentals in Budapest
Short-term rentals have become popular around the world, and the Hungarian capital is no exception. However, a two-year moratorium on the registration of new short-term rentals in Budapest came into effect on 1 January 2025, meaning that no new registrations will be facilitated until 31 December 2026. What is the future for short-term rentals in Budapest?
ROMANIA
Transposition of The Network and Information Systems Directive 2 (NIS 2) into Romanian law
NIS 2 was transposed into Romanian law in December 2024 by Government Emergency Ordinance no. 155/2024 on the establishment of a framework for the cybersecurity of networks and information systems in the national civil cyberspace (GEO 155/2024). The main aim of GEO 155/2024 is to make Romania more resilient to cyber threats.
SLOVENIA
Potentially a New Media Act in Slovenia
The Slovenian Government has recently approved a proposal for a new Media Act. The proposal was submitted to Parliament for further deliberation and ultimately for its adoption. This marks the first comprehensive reform of this sector in over two decades. The primary objective of the new proposed Media Act is to enhance the public’s right to complete and accurate information while ensuring freedom of expression in today’s dynamic media environment.