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New Act on Statistics in Hungary

New Act on Statistics in Hungary

Hungary
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A new Hungarian act on statistics repealing and replacing the former act on statistics entered into force on 1 January 2017. The adoption of the new act became necessary due to the modification of the relevant EU directives. 

The new act is intended to strengthen both the professional and institutional independence of the Hungarian Central Statistical Office and the powers of its president. According to the new act, no other laws or legal instruments shall infringe the independence of the Central Statistics Office and its president may not be instructed in the course of performing his duties. The new act also contains provisions relating to the use of data acquired from the public administration for statistical purposes. In this respect, the act provides several legal guarantees and assurances to ensure the adequate level of data protection.

The EU rules require the statistical offices of the Member States to coordinate the official statistical activities at national level. In line with this requirement, it is stated in the act that the president of the Central Statistics Office is obliged to coordinate the statistical activities of the institutions concerned and he is entitled to issue guidelines and to monitor the implementation thereof.

The new act also aims at improving confidence in the official statistics, as its purpose is to unify and clarify the statistical processes. The new act reinforces the impartiality and objectivity of the official statistics and also promotes the efficient operation of the Central Statistics Office.  

By Rita Parkanyi, Attorney-at-Law, KCG Partners Law Firm

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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