Publication: Magyar Közlöny
Issue: MK-1999-27 (Year: 1999, Number: 27)
Era: 1990-2004
Section: 
Paragraph Index: 676

1992. However, the law (as is specified in article 1, paragraph 3) does not extend to the activities of the enterprises in the energy sector. Phase-out 1 July 2001. Article 7(4) „In the event that Transit of Energy Materials and Products cannot be achieved on commercial terms by 1999/27. szám means of Energy Transport Facilities the Contracting Parties shall not place obstacles in the way of new capacity being established, except as may be otherwise provided in applicable legislation which is consistent with paragraph (1).” Country: Azerbaijan Sector All energy sectors. Level of government National. Description It is necessary to adopt a set of laws on energy, including licensing procedures regulating transit. During a transition period it is envisaged to build and modernize power transmission lines, as well as generating capacities with the aim of bringing their technical level to the world requirements and adjusting to conditions of a market economy. Phase-out 31 December 1999. Country: Belarus Sector All energy sectors. Level of government National. Description Laws on energy, land and other subjects are being worked out at present, and until their final adoption, uncertainty remains as to the conditions for establishing new transport capacities for energy carriers in the territory of Belarus. Phase-out 31 December 1998. Country: Bulgaria Sector All energy sectors. Level of government National. Description Bulgaria has no laws regulating Transit of Energy Materials and Products. An overall restructuring is ongoing in the energy sector, including development of institutional framework, legislation and regulation. Phase-out The transitional period of 7 years is necessary to bring the legislation concerning the Transit of Energy Materials and Products in full compliance with this provision. 1 July 2001. Country: Georgia Sector All energy sectors. Level of government National. Description It is necessary to prepare a set of laws on the matter. At present there are substantially different conditions for the transport and transit of various energy sources in Georgia (electric power, natural gas, oil products, coal). Phase-out 1 January 1999. Country: Hungary Sector Electricity industry. Level of government National. Description According to the current legislation establishment and operation of hig-voltage transmission lines is a state monopoly. The creation of the new legal and regulatory framework for establishment, operation and ownership of high-voltage transmission lines is under preparation. The Ministry of Industry and Trade has already taken the initiative to put forward a new Act on Electricity Power, that will have its impact also on the Civil Code and on the Act on Concession. Compliance can be achieved after entering in force of the new law on Electricity and related regulatory decrees. Phase-out 31 December 1996. Country: Poland Sector All energy sectors. Level of government National. Description Polish law on Energy, being in the final stage of co-ordination, stipulates for creating new legal regulations similar to those applied by free market countries (licenses to generate, transmit, distribute and trade in energy carriers). Until it is adopted by the Parliament a temporary suspension of obligations under this paragraph is required. Phase-out 31 December 1995. 1999/27. szám Article 9(1) „The Contracting Parties acknowledge the importance of open capital markets in encouraging the flow of capital to finance trade in Energy Materials and Products and for the making of and assisting with regard to Investments in Economic Activity in the Energy Sector in the Areas of other Contracting Parties, particularly those with economies in transition. Each Contracting Party shall accordingly endeavour to promote conditions for access to its capital market by companies and nationals of other Contracting Parties, for the purpose of financing trade in Energy Materials and Products and for the purpose of Investment in Economic Activity in the Energy Sector in the Areas of those other Contracting Parties, on a basis no less favourable than that which it accords in like circumstances to its own companies and nationals or companies and nationals of any other Contracting Party or any third state, whichever is the most favourable.” Country: Azerbaijan Sector All energy sectors. Level of government National. Description Relevant legislation is at the stage of elaboration. Phase-out 1 January 2000. Country: Belarus Sector All energy sectors. Level of government National. Description Relevant legislation is at the stage of elaboration. Phase-out 1 January 2000. Country: Georgia Sector All energy sectors. Level of government National. Description Relevant legislation is at the stage of preparation. Phase-out 1 January 1997. Country: Kazakhstan Sector All energy sectors. Level of government National. Description The bill on Foreign Investments is at the stage of authorization approval with the aim to adopt it by the Parliament in autumn 1994. Phase-out 1 July 2001. Country: Kyrgyzstan Sector All energy sectors. Level of government National. Description Relevant legislation is currently under preparation. Phase-out 1 July 2001. Article 10(7) — Specific measures „Each Contracting Party shall accord to Investments in its Area of Investors of another Contracting Party, and their related activities including management, maintenance, use, enjoyment or disposal, treatment no less favourable than that which it accords to Investments of its own Investors or of the Investors of any other Contracting Party or any third state and their related activities including management, maintenance, use, enjoyment or disposal, whichever is the most favourable.” Country: Bulgaria Sector All energy sectors. Level of government National. Description Foreign persons may not acquire property rights over land. A company with more than fifty per cent of foreign person’s share may not acquire property right over agricultural land. Foreigners and foreign legal persons may not aquire property rights over land except by way of inheritance according to the law. In this case they have to make it over. A foreign person may aquire property rights over buildings, but without property rights over the land. 1999/27. szám Foreign persons or companies with foreign controlling participation must obtain a permit before performing the following activities: — exploration, development and extraction of natural resources from the territorial sea, continental shelf or exclusive economic zone; — acquisition of real estate in geographic regions designated by the Council of Ministers. — The permits are issued by the Council of Ministers or by a body authorized by the Council of Ministers. Phase-out 1 July 2001. Article 14(1)d) „Each Contracting Party shall with respect to Investments in its Area of Investors of any other Contracting Party guarantee the freedom of transfer into and out of its Area, including the transfer of: unspent earnings and other remuneration of personnel engaged from abroad in connection with that Investment;” Country: Bulgaria Sector All energy sectors. Level of government National. Description Foreign nationals employed by companies with more than 50 per cent of foreign participation, or by a foreign person registered as sole trader or a branch or a representative office of a foreign company in Bulgaria, receiving their salary in Bulgarian leva, may purchase foreign currency not exeeding 70 per cent of their salary, including social security payments. Phase-out 1 July 2001. Country: Hungary Sector All energy sectors. Level of government National. Description According to the Act on Investments of Foreigners in Hungary, Article 33, foreign top managers, executive managers, members of the Supervisory Board and foreign employees may transfer their income up to 50 per cent of their aftertax earnings derived from the company of their employment through the bank of their company. Phase-out The phase out of this particular restriction depends on the progress Hungary is able to make in the implementation of the foreign exchange liberalization programme whose final target is the full convertibility of the Forint. This restriction does not create barriers to foreign investors. Phase-out is based on stipulations of Article 32. 1 July 2001. Article 20(3) „Each Contracting Party shall designate one or more enquiry points to which requests for information about the above mentioned laws, regulations, judicial decisions and administrative rulings may be addressed and shall communicate promptly such designation to the Secretariat which shall make it available on request.” Country: Armenia Sector All energy sectors. Level of government National. Description In Armenia there are no official enquiry points yet to which requests for information about the relevant laws and other regulations could be addressed. There is no information centre either. There is a plan to establish such a centre in 1994—1995. Technical assistance is required. Phase-out 31 December 1996. Country: Azerbaijan Sector All energy sectors. Level of government National. Description There are no official enquiry points so far in Azerbaijan to which requests for information about relevant laws and regulations could be addressed. At present such information is concentrated in various organizations. Phase-out 31 December 1997. Country: Belarus Sector All energy sectors. Level of government National. 1999/27. szám Description Official enquiry offices which could give information on laws, regulations, judicial decisions and administrative rulings do not exist yet in Belarus. As far as the judicial decisions and administrative rulings are concerned there is no practice of their publishing. Phase-out 31 December 1998. Country: Kazakhstan Sector All energy sectors. Level of government National. Description The process of establishing enquiry points has begun. As far as the judicial decisions and administrative rulings are concerned they are not published in Kazakhstan (except for some decisions made by the Supreme Court), because they are not considered to be sources of law. To change the existing practice will require a long transitional period. Phase-out 1 July 2001. Country: Moldova Sector All energy sectors. Level of government National. Description It is necessary to establish enquiry points. Phase-out 31 December 1995. Country: The Russian Federation Sector All energy sectors. Level of government The Federation and the Republics constituting Federation. Description No official enquiry points exist in the Russian Federation as of now to which requests for information about relevant laws and other regulation acts could be addressed. As far as the judicial decisions and administrative rulings are concerned they are not considered to be sources of law. Phase-out 31 December 2000. Country: Slovenia Sector All energy sectors. Level of government National. Description In Slovenia there are no official enquiry points yet to which requests for information about relevant laws and other regulatory acts could be addressed. At present such information is available in various ministries. The Law on Foreign Investments which is under preparation foresees establishment of such an enquiry point. Phase-out 1 January 1998. Country: Tajikistan Sector All energy sectors. Level of government National. Description There are no enquiry points yet in Tajikistan to which requests for information about relevant laws and other regulations could be addressed. It is only a question of having available funding. Phase-out 31 December 1997. Country: Ukraine Sector All energy sectors. Level of government National. Description Improvement of the present transparency of laws up to the level of international practice is required. Ukraine will have to establish enquiry points providing information about laws, regulations, judicial decisions and administrative rulings and standards of general application. Phase-out 1 January 1998. Article 22(3) „Each Contracting Party shall ensure that if it establishes or maintains a state entity and entrusts the entity with regulatory, administrative or other governmental authority, such entity shall exercise that authority in a manner consistent with the Contracting Party’s obligations under this Treaty.” 1999/27. szám Country: The Czech Republic Sector Uranium and nuclear industries. Level of government National. Description In order to deplete uranium ore reserves that are stocked by Administration of State Material Reserves, no imports of uranium ore and concentrates, including uranium fuel bundles containing uranium of non-Czech origin, will be licensed. Phase-out 1 July 2001. * DECISIONS WITH RESPECT TO THE ENERGY CHARTER TREATY The European Energy Charter Conference has adopted the following Decisions:

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