EC launches infringement procedure over farmland law
The European Commission launched an infringement procedure against Hungary – along with Bulgaria, Latvia, Lithuania and Slovakia – formerly requesting the country to comply with EU rules on the acquisition of agricultural land, the EC said today in a press release.
According to the EC, Hungary “adopted new laws regulating the acquisition of agricultural land”, and these new rules “contain several provisions which the Commission considers to be a restriction to the free movement of capital and freedom of establishment”. The EC believes these rules could discourage cross-border investment.
The EC added that some of the “restrictions may be pursuing justifiable objectives as they aim to combat speculative purchases, or serve planning purposes and rural policy objectives; however, in order to be lawful, they must be proportionate and cannot be discriminatory towards other EU citizens.”
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