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June Insights

June Insights I Gurcan Partners International

With the arrival of June, we are delighted to bring you the latest edition of our newsletter, filled with valuable insights and updates to support your path to success. Our dedicated team is always ready to assist you in navigating regulatory changes and optimizing your operations for sustainable growth. Feel free to connect with us for personalized assistance that meets your unique needs. With our presence spanning 10 countries and proficiency in 13 languages, explore our website to discover more about how we can serve you best.

We hope this month brings you a wave of renewed success and increased productivity for you and your ventures.

This month, we are thrilled to unveil the vibrant exhibition and fair programs happening across Germany, Czech Republic, Serbia, Hungary, and Poland in June. These events showcase the diverse landscapes of innovation and opportunity in these regions, offering invaluable networking and business development prospects. Stay updated with our newsletter to explore these exciting opportunities further and maximize your presence in these dynamic markets.
Discover the latest legal news and delve into our newest articles in Gurcan Journal.
We look forward to continuing our journey towards success together!

So far we have assisted over 400 companies.


1. Check out the exhibition and fair programs in June

Exhibition and fair programs in Germany

Exhibition and fair programs in Czech Republic

Exhibition and fair programs in Serbia

Exhibition and fair programs in Hungary

Exhibition and fair programs in Poland

2. Explore the Latest Legal News

Latest Legal News From Hungary

Navigating the Risks of Transfer Pricing

As the annual report deadline approaches, businesses should not overlook the significant May 31st requirement for transfer pricing documentation. Following a legislative update, taxpayers must also comply with a transfer pricing data reporting mandate for any transaction exceeding HUF 100 million, whether domestic or international. With expanded reporting obligations, tax authorities are intensifying audits, necessitating professional expertise to avoid errors. Given this landscape, careful preparation of transfer pricing documentation and adherence to reporting requirements are crucial to avoid potential pitfalls.

Latest Legal News From Turkey

Recent Changes in Legal Interest Rates and Penalty Increases

Presidential decrees concerning amendments to legal interest and penalty rates on Public
Receivables were issued and published in the Official Gazette dated May 21, 2024. According to the decree pertaining to the annual legal interest rate, as stipulated in Article 1 of Law No. 3095 on Legal Interest and Default Interest, effective from June 1, 2024, the annual rate is set at 24%. This represents a significant increase from the previous rate of 9%. Additionally, in accordance with Article 51 of Law No. 6183 on the Procedure for Collection of Public Receivables, the delay hike interest rate has been adjusted to 4.5% per month, replacing the previous rate of 4%.

Latest Legal News From Germany

German cabinet approves bill to accelerate hydrogen power expansion

Germany’s cabinet approved a bill to speed up hydrogen infrastructure and production, crucial for decarbonizing its economy. The Hydrogen Acceleration Law grants key projects priority status, streamlining permits and legal processes. This aims to cut emissions in industries like steel and chemicals and reduce reliance on fossil fuels, benefiting electrolysers using 80% renewable energy by 2029.

Latest Legal News From Serbia

Serbian parliamentary minnow pushes for ‘Russian law’ equivalent

Serbia’s Movement of Socialists party, with two MPs, plans to propose a bill targeting foreign NGOs, similar to Georgia’s foreign agents law. MP Bojan Torbica defended it as a measure against activities that “betray” the country. Party leader Đorđe Komlenski voiced concerns about foreign-funded NGOs advocating for Kosovo’s independence and other contentious issues. This move could spotlight the left-wing nationalist party.

Latest Legal News From Poland

The European Union has announced plans to resolve its rule-of-law dispute with Poland

The European Commission has announced its intention to resolve the longstanding rule-of-law dispute with Poland. In a statement issued on Monday, the commission stated its plans to withdraw the procedure initiated in December 2017 under Article 7 of the Treaty on European Union, citing the efforts made by Poland’s new centrist government to reinstate judicial independence.

Latest Legal News From The Czech Republic

Important legal news impacting health care regulation in the Czech Republic

On March 17, 2020, the Czech Government issued Decree No. 104/2020 Coll., initially banning all medicine exports, later limited to specific drugs from April 2, with fines up to CZK 5,000,000 for violations. The State Institute for Drug Control (SIDC) reminded distributors to include identification documents and affidavits with shipments, advised against new clinical trials except for COVID-19 studies, and recommended alternative communication methods for ongoing trials. Additionally, the European Commission proposed delaying the implementation of Regulation 2017/745 on Medical Devices by one year to focus on COVID-19 efforts.

Please feel free to contact us by email at [email protected] and we will get back to you within 24 hours.

3. Explore our newest articles

Attain Hungarian Golden Visa: 2024 Real Estate Purchase Program for Permanent Residency

The Hungarian Parliament has adopted a new regulation launching a Hungarian Golden Visa ‘guest investor [...]

Property Investment in Europe

This article discusses property investment in Europe member states and the various opportunities it offers [...]

Exploring the Apostille Processes in 10 Different Countries

This article provides an overview of apostille processes in ten countries, including Germany, Hungary, Poland, [...]

What is the SOFA Agreement About?

The United States of America deploys troops all around the world and relies on contractors [...]

Overview of the Singapore Cryptocurrency Regulation

Singapore stands among the globe’s premier financial hubs, providing top-tier banking and associated financial services [...]

New Immigration Law in Hungary

In this article, we will explore the recent changes in Immigration Law in Hungary, detailing [...]