IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 18 Dec 2012 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On December 17, 2012, the Hungarian Parliament amended the constitution to the effect of banning foreigners from acquiring ownership of agricultural land in the future. Current land owners are not affected. The Ministry of Rural Development hails this decision as 'historic' and providing 'stability, predictability and the opportunity for secure planning for those who live off agriculture' by protecting Hungarian farmland 'from foreign and domestic speculators alike'.
For this measure, no data could be retrieved concerning current foreign land ownership. Therefore, the affected trading partners as those mentioned in this UPI article.
Update:
On 26 March 2015, the European Commission announced it would open an infringement procedure against Hungary on investor restrictions for agricultural land.

AFFECTED COUNTRIES

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