Banking

Banking

New twist in business tax reforms has sting

Charging multinationals a corporation tax on the basis of sales in each European Union member state is the latest twist...

Banking

Common corporate tax base wins strong support across EU

FDs polled by KPMG are strongly in favor of a unified EU corporate tax base, citing lower compliance costs and...

Banking

Fighting cross-border tax frauds in the EU

The European Commission is going to present two studies and a bill to the national governments in order to decrease...

Banking

Hungary: Efforts to curb black economy advance

By a safe estimate, an extra Ft 50 billion ($281.7 million) tax income is being received due to stricter policies...

Banking

Big European companies in favor of EU Tax Harmonization – study

Tax professionals in Europe’s biggest businesses are heavily in favor of European Commission proposals for a harmonized, pan European corporate...

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Russia’s tax service to establish inspections of top businessmen

The Russian Federal Tax Service will soon establish a trans-regional tax service for inspections of the country’s top businessmen, a...

Banking

Hungary: Mining taxes to increase, but how much?

Socialist MPs are planning to come up with a modification of the mining law, which would affect the public budget,...

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Hungary: Hajdúnánás Lux factory for sale

Liquidation of Hajdúnánás Lux Component Manufacture Kft started on June 28 - reports daily Napi Gazdaság....

Banking

Hungarian tax reforms will call for cutting deductions

Avoiding a decrease in budget incomes while implementing tax reforms aimed at reducing the tax burden can only be managed,...

Banking

Hungary orders action plan to fight black economy

Hungary’s government has instructed the tax and customs authorities and related departments to prepare an action plan on combating the...

Banking

No real estate tax before 2010 in Hungary

The Hungarian government will not introduce a real estate tax in January 2008, but talks between the governing coalition parties...

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Hungarian Bourse president lobbies against deserted floor

While analyzing the achievements of the stabilization program, the government should keep an eye on the Hungarian capital market, and...

Banking

Albanian government introduces flat tax

The government of Albania has agreed on a standard tax rate (or flat tax) of 10% aimed at outdoing its...

Banking

Hungary’s expected Ft 87.5 bln deficit for August

Financial Ministry is expecting Ft 87.5 billion deficit for August or about 0.4% of GDP, said undersecretary Miklós Tátrai....

Banking

Hungary: FinMin says VAT will not change

“We are going to submit an amendment proposal to the VAT law to be reviewed by the Parliament, however, according...

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...