Hungary to draft tech giant legislation after EU rules in place

EU

Hungary will wait until European Union rules governing big technology companies have been prepared to draft its own national legislation on the matter, Justice Minister Judit Varga said at a talk hosted by the 21st Century Institute streamed on Facebook on Tuesday.

"When European Commissioner [for Internal Market] Thierry Breton came to Hungary...he said he knows we've taken very good steps in the right direction, but the French also said we should wait for regulations from Brussels and afterwards legislate the appropriate national regulation, and we see eye to eye on that matter," Varga said.

She said rules for tech giants the European Commission is shaping are moving "in the right direction", adding that they include "general rule-of-law guarantees, processes of appeal, the establishment of ties and a legal authority".

Varga had said in January that her ministry hoped to submit a bill on tech giants to lawmakers in the spring.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.