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CERHA HEMPEL Newsletter July 2023

Keep up to date with the latest legal developments in Austria, Hungary and Romania with our CEE newsletter.

AUSTRIA

Public Procurement
Austria maintains flexibility in relation to the awarding of minor value contracts

Just in time: In May 2023, the Austrian Threshold Regulation1 was once again extended just before it was due to expire, this time until 31 December 2023.

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HUNGARY

Implementation of the EU Whistleblowing Directive in Hungary

On 25 May 2022, after much back and forth, the Hungarian Parliament passed the new Whistleblowing Act (Act XXV of 2023; “Whistleblowing Act”), which transposes into national law the EU Whistleblowing Directive [Directive (EU) 2019/1937, the “Directive”].

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ROMANIA

Romania – Further amendments to Romanian legislation on foreign direct investments

On 15 May 2023, the Parliament adopted Law No. 164/2023 approving Government Emergency Ordinance No. 46/2022 on measures implementing Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union and amending and supplementing Competition Law No. 21/1996. Law No. 164/2023 (Law 164/2023) entered into force on 10 June 2023.

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