Banking

Banking

Luxury tax goes 50-120% higher in Budapest, Hungary

Owners of valuable real estates have to pay 50% to 120% higher luxury tax in Budapest, according to information from...

Banking

Kazakhstan to abandon PSAs, respect current deals

Kazakhstan announced on Thursday it would abandon subsoil contracts favored by oil companies due to their liberal tax regime, a...

Banking

Kazakhstan to abandon PSAs, respect current deals

Kazakhstan announced on Thursday it would abandon subsoil contracts favored by oil companies due to their liberal tax regime, a...

Banking

Germany and Liechtenstein spar over tax havens

Liechtenstein accused Germany on Tuesday of illegally acquiring secret bank data that has set off a major tax evasion probe,...

Banking

Germany and Liechtenstein spar over tax havens

Liechtenstein accused Germany on Tuesday of illegally acquiring secret bank data that has set off a major tax evasion probe,...

Banking

China: FDI doubles despite tax concerns

Foreign direct investment (FDI) in China more than doubled last month from a year earlier despite concerns over the impact...

Banking

China: FDI doubles despite tax concerns

Foreign direct investment (FDI) in China more than doubled last month from a year earlier despite concerns over the impact...

Banking

Hungary’s PM sees ‘08 budget gap below target

Hungary’s 2008 budget deficit will be below the target and next year there will be room for tax cuts worth...

Banking

Hungary’s PM sees ‘08 budget gap below target

Hungary’s 2008 budget deficit will be below the target and next year there will be room for tax cuts worth...

Banking

Chavez says may create windfall oil tax

Venezuela may create a windfall tax on oil profits generated by rising oil prices, President Hugo Chavez said on Sunday,...

Banking

Chavez says may create windfall oil tax

Venezuela may create a windfall tax on oil profits generated by rising oil prices, President Hugo Chavez said on Sunday,...

Banking

Tax tinkering won’t fix Hungary’s growth problem

Hungary’s timid moves to rejig its tax system will do little to stimulate its economy and its unwillingness to tackle...

Banking

Tax tinkering won’t fix Hungary’s growth problem

Hungary’s timid moves to rejig its tax system will do little to stimulate its economy and its unwillingness to tackle...

Banking

Bulgaria adopts low wages rise over flat tax

Bulgaria’s MPs voted Thursday for increase in salaries, set to up to 430 leva ($323 or €219) to compensate the...

Banking

Bulgaria adopts low wages rise over flat tax

Bulgaria’s MPs voted Thursday for increase in salaries, set to up to 430 leva ($323 or €219) to compensate the...

Banking

Green Lending Surges Past HUF 1.1 tln as Energy‑Storage Projects Accelerate

Hungary’s green‑loan portfolio grew from HUF 994.9 billion to HUF 1.105 trillion in Q1 2026, driven by more than HUF...

Banking

OTP Bank Q2 Earnings Fall 7% as Interest Rate Cap Weighs on Profit

Second-quarter after-tax profit at OTP Bank, Hungary’s biggest commercial lender, fell 7% year-on-year to HUF 305.8 bln, an earnings report...

Banking

Hungary Leasing Market Grows 8.7% in H1 2026

The value of new leases in Hungary rose 8.7% year-on-year to HUF 520 billion in the first half of 2026,...

Banking

“We Aim to Play the Same Role in CEE as We Do at Home”

OTP Fund Management is continuing its growth across the region. According to CEO György Éder, international expansion is not a...

Banking

OTP Group Named Best Retail Bank in CEE at Euromoney Awards

OTP Group received 13 awards at the 2026 Euromoney Awards for Excellence, including the title of Best Retail Bank in...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Net-zero Transition Becoming a Core Banking Issue

Banks have a central role to play in financing Hungary’s transition to a lower-carbon economy, not by withdrawing from carbon-intensive...

Cash Flow Under Pressure: How Factoring Supports Business Resilience

In an increasingly uncertain economic environment, companies are placing greater emphasis on liquidity, as well as operational resilience....

OTP Accounts for 53% of Hungarian Banking Groups’ Total Assets

OTP Bank’s consolidated total assets accounted for 53% of the combined balance sheet of banking groups in Hungary at the...

Hungarian Banking Sector Profit Declines 22% in H1 2026

Hungarian banks’ combined after-tax profit fell 22% year-on-year to HUF 685 billion in the first half, data released by the...

MBH Bank Posts HUF 88 bln Adjusted Comprehensive Income in H1

MBH Bank reported adjusted total comprehensive income of over HUF 88 bln in H1 2026, HUF 780 mln above the...

Green Lending Surges Past HUF 1.1 tln as Energy‑Storage Projects Accelerate

Hungary’s green‑loan portfolio grew from HUF 994.9 billion to HUF 1.105 trillion in Q1 2026, driven by more than HUF...

OTP Bank Q2 Earnings Fall 7% as Interest Rate Cap Weighs on Profit

Second-quarter after-tax profit at OTP Bank, Hungary’s biggest commercial lender, fell 7% year-on-year to HUF 305.8 bln, an earnings report...

Hungary Leasing Market Grows 8.7% in H1 2026

The value of new leases in Hungary rose 8.7% year-on-year to HUF 520 billion in the first half of 2026,...

Household Lending Hits Historic High in June

Hungary recorded an unprecedented jump in household lending in June 2026, with monthly new loans surpassing HUF 500 billion for...

“We Aim to Play the Same Role in CEE as We Do at Home”

OTP Fund Management is continuing its growth across the region. According to CEO György Éder, international expansion is not a...

OTP Group Named Best Retail Bank in CEE at Euromoney Awards

OTP Group received 13 awards at the 2026 Euromoney Awards for Excellence, including the title of Best Retail Bank in...

Banking Association Presses for Predictable Economic Policy

Hungarian Banking Association leaders congratulated the new government and said lenders were ready to play an active role in supporting...

Strong International Demand for MBH Bank’s Bonds

MBH Bank has completed another international bond issuance under its international program, placing EUR 500 mln of MREL-eligible bonds amid...

MBH Mortgage Bank Issues EUR 500 mln Covered Bond

MBH Mortgage Bank has issued a EUR 500 mln benchmark-sized covered bond on the international capital market, attracting total demand...