Hungary revamps public procurement law as EU recovery fund approved

Hungary's parliament has amended the 2015 public procurement law, introducing stricter transparency rules, clearer identification of company owners, broader access for bidders and stronger anti‑corruption safeguards. The changes are intended to satisfy conditions for receiving €10 billion from the EU's Recovery and Resilience Facility – €6.5 billion in grants and €3.5 billion in loans – which must be spent by 31 August.

Experts note that while the reforms could benefit well‑prepared small and medium‑sized enterprises, they also add compliance and administrative burdens. Early reactions show increased interest from firms that previously avoided state contracts, but competition has not yet fully revived and funding remains limited. The overhaul is part of a broader effort to improve public‑sector spending efficiency and align Hungary with EU standards.

The EU finance ministers have already approved Hungary's recovery plan, unlocking the funds pending the legislative changes. The revised law also aims to enhance the role of local authorities in procurement decisions and to increase overall market transparency.