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Kinstellar supports Ukraine in its reconstruction efforts and launches dedicated Ukraine reconstruction projects website
Kinstellar has launched a firmwide initiative to support Ukraine in its recovery and reconstruction efforts. Our Kyiv Office continues providing full commercial counsel and legal support in Ukraine to international and domestic clients, with particular emphasis on the Infrastructure & Construction, Defence, Energy & Projects, and Mining & Minerals sectors. The Ukrainian government has given top-priority to these areas, and our team closely monitors related opportunities for our clients. We also draw on the combined experience of our 300+ lawyers in 12 jurisdictions in Central and Eastern Europe (CEE), Southeast Europe (SEE), and Central Asia to assist clients in some of the most ambitious reconstruction
Challenges and opportunities: rebuilding Ukraine’s post-war infrastructure
During the last three years as a result of Russia’s ongoing aggression, Ukraine’s infrastructure has sustained extensive damage, representing a profound challenge to the country’s long-term development. Delays in reconstruction risk having severe social and economic repercussions not only for Ukraine but for the broader region over the coming decades. Ukraine’s post-war recovery nonetheless represents a huge opportunity for private investors, bringing considerable stimulus and economic growth in its wake. Which leads to a number of questions: What are the principal legal and regulatory challenges currently confronting Ukraine in its recovery efforts? Moreover, what concrete measures has the government implemented
Overview of Türkiye’s renewable energy market: Developing or investing in wind, solar, and energy storage projects
Türkiye continues to make significant strides in its transition towards a greener energy future. In this brochure, we provide an overview of the current structure and legal framework of the renewable energy market in Türkiye, including developments in wind, solar, and battery storage technologies, as well as available investment models and incentive mechanisms. Click on the image below or use the following link to read our full report. Autho rs: Edmund Emre Özer, PartnerNihal Dilan Cantürk, AssociateSimge Erdem, Legal Intern
Auction for the concession of 18 mineral perimeters launched in Romania
Romania’s National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide (ANRMPSG) has announced a new bidding procedure for 18 exploration concessions, as outlined in Order no. 280/2025, published in the Official Gazette of Romania on 10 June 2025. This bidding round includes mineral deposits such as limestone (industrial and construction alike), dolerite, salt, lignite, coal, tar sand, polymetallic ore (including gold-silver ore), graphite and feldspar. The concession areas are primarily located in Western Romania (Caras-Severin, Hunedoara, Mehedinti, Valcea, Gorj and Bihor counties), with additional sites in Wallachia and Moldavia. Romanian and international companies interested
Kinstellar advised MVM on the sale of its telecoms subsidiary MVM NET to Pro-M in Hungary
Kinstellar is pleased to announce that it has advised MVM, Hungary’s leading state-owned energy group, on the successful sale of its 100% stake in MVM NET to Pro-M. The transaction was signed and closed on 30 April 2025. MVM NET is a key player in Hungary’s telecommunications market, operating a nationwide infrastructure network that provides critical communications services to the energy sector and public institutions. This was a highly strategic and time-sensitive transaction, that demanded not only deep legal insight but also efficient coordination and execution across multiple workstreams. This achievement is a testament not only to the dedication and professionalism of our team, but also to the unwavering
Kinstellar advises MVM Group on landmark CCGT power plant development project at the Tisza Power Plant in Hungary
Kinstellar is delighted to announce that our Budapest team has advised MVM Group on the project to build a major (approx. 1,000 MW) new combined-cycle gas turbine (CCGT) power plant in Tiszaújváros, North-East Hungary. This transaction and the Mátra CCGT power plant development were the first public procurement tenders in Hungary for such kind of power generation facilities. The new Tisza CCGT power plant will further support the energy transition of Hungary with the provision of a more reliable electricity system which is capable of integrating renewable power generation assets without endangering the security of supply. Kinstellar Budapest provided comprehensive legal support to MVM Group from the initial stages
New opportunities in biogas and biomethane production in Hungary
Sustainable energy production is playing an increasingly significant role in Hungary’s energy policy. As part of this initiative, the Hungarian government’s recently launched Jedlik Ányos Energy Program plans to support a total of ten projects with a focus on investments in biogas and biomethane production. A draft tender related to biogas and biomethane production has been published for public consultation. The program will allocate a total of HUF 40 billion (approximately EUR 100 million) to cover the entire process—from raw material collection to the further utilisation of residues and by-products—including infrastructure investments and equipment procurement. Out of this total, HUF 18 billion is to be designated
Kinstellar advised Veolia on the acquisition of a stake in Veolia Energie ČR from ČEZ
Kinstellar has successfully advised Veolia on the acquisition of an additional 15% stake in Veolia Energie ČR from ČEZ, increasing its shareholding to more than 98%. This transaction marks a significant milestone in Veolia’s long-term collaboration with ČEZ and further strengthens its position in the Czech energy market. Kinstellar provided comprehensive legal support throughout the transaction, including due diligence, negotiation of transaction documents, and regulatory aspects. The deal aligns with Veolia’s GreenUp strategy, focusing on the transition to cleaner, local, and decarbonised energy sources. The Kinstellar team was led by Kamil Blažek (Partner) and included Michal Forýtek (Counsel), Matěj
Kinstellar and Linklaters advised the EBRD and Raiffeisen Bank International on their lending for the 238 MW Tenevo PV power plant in Bulgaria
Kinstellar Sofia acting as Bulgarian counsel, alongside Linklaters Milan acting as lead counsel, advised the EBRD and Raiffeisen Bank International on their lending to Tenevo Solar Technologies for the construction and operation of one of the largest PV power plants in Bulgaria. The total finance package of EUR 114 million will enable Tenevo Solar Technologies EAD, which is owned by Renalfa IPP and Eurowind Energy, to add 238 MW of solar generation capacity to the Bulgarian national energy system. This will be the first renewable energy plant over 100 MW that will sell all its output in the market without a support scheme or a corporate power purchase agreement in Bulgaria. Tenevo is also the first EBRD project in Bulgaria
Regional report: Energy and natural resources trends in the CEE and Central Asia for the year 2025
We are excited to release the first edition of the Report | Energy and Natural Resources Trends in the CEE and Central Asia for the year 2025. This comprehensive report provides an overview of the latest and emerging developments in the energy and natural resources sector across Kinstellar’s jurisdictions, with a particular focus on the opportunities and advancements in renewable energy, battery energy storage systems, hydrogen, nuclear, or oil & gas—each tailored to the specific energy landscape in: Bulgaria, Croatia, Czech Republic, Hungary, Kazakhstan, Romania, Serbia, Slovakia, Turkey, Ukraine, and Uzbekistan. Designed for investors and industry professionals, the report brings forward an overview of the
Solar park Developments in Hungary: Key legal update on transfer duty
It has become standard practice in Hungary for solar power plants to be developed on greenfield agricultural land owned by third parties. Due to legal restrictions regarding the use of agricultural land, developers are unable to acquire these plots until the project is completed. Unlawful taxation practice challenged Recently, the National Tax and Customs Authority (the “Tax Authority”) calculated the transfer duty not only based on the market value of the underlying land but also included the market value of the solar park entirely constructed by the developer, which resulted in exorbitant tax burdens. The Hungarian Supreme Court (the “Kúria”) recently ruled against the Tax Authority regarding
Cybersecurity: Romania transposes the NIS2 Directive. What’s next?
Directive (EU) 2022/2555 (NIS2) aims to further strengthen the cyber resilience of the EU by requiring entities in various sectors to dial up their cybersecurity efforts. NIS2 replaces the former NIS1 Directive (EU) 2016/1148, expands the range of entities falling under its provisions, and introduces stricter requirements for these entities. On 31 December 2024, the Romanian government passed Government Emergency Ordinance no. 155/2024 (GEO 155/2024) transposing NIS2 into national legislation. Whom does it concern? NIS2 and GEO 155/2024 target entities across various industry sectors and categorises them into essential and important entities. Entities active in the following areas should check whether