As part of the fall tax package, the Hungarian Government proposed an automatic, inflation-tracking increase of tax on, inter alia, energy products as of 2025. The actual increase from 1 January 2025, however, significantly exceeds the current (and expected) inflation levels. This might concurrently lead to increased inflation again.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Vlasceanu & Partners has advised Econergy on winning a photovoltaic contract-for-difference auction.

E+H has advised ECOwind on its sale of the Baerofen wind park to Puespoek following an auction process. CMS advised the buyer.

Dentons has advised VUJE on a cooperation agreement with Newcleo.

Norton Rose Fulbright has advised a consortium of Polish banks including BNP Paribas Bank Polska and mBank on a PLN 321 million (approximately EUR 69 million) financing facility provided to R.Power. Baker McKenzie reportedly advised R.Power.