Amendment of FDI screening rules

Government of Hungary amended its FDI screening rules through Government Decree No. 566/2023, introducing government pre-emption rights for FDI  involving strategic solar power plant companies. This enables the Government to prioritize its acquisition over others. As such, under the FDI, the acquired company must transfer the asset to the Hungarian National Asset Management Ltd within siz months of it falls under the FDI decree. Small household power plants, i.e., power plants with capacity below 50 kVA are excluded from the pre-emption right. The act will come into force on 13 Jan 2024.

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