Banking

Banking

Czech public finance reform likely to make it through parliament

A package of economic reforms on which the Czech Republic’s centre-right ruling coalition has based its future are likely to...

Banking

Do you want to expand a welfare state? Cut taxes.

Iceland's tax reduction lesson for Canada. - What's the best way to expand a welfare state, irrationally assuming for the...

Banking

China’s FDI up 13% in 7 months

China’s realized foreign direct investment increased nearly 13% year-on-year from January to July, driven by rapid growth in the real...

Banking

Hungary’s Finance Ministry bills for autumn

Nearly 50% of the bills the government plans to put forward to the Parliament by the end of October are...

Banking

Russneft owner confirms company up for sale

The president and owner of the Russneft oil company, Mikhail Gutseriyev ranked 31st richest man in Russia by Forbes, has...

Banking

Tax department: successful operation

Revenues registered by tax authority APEH amounted to Ft 4.012 billion ($22.3 billion) in the first 6 months of 2007,...

Banking

Court upholds $145 mln tax claim against crude producer RussNeft

The Moscow Arbitration Court upheld Tuesday a decision by the Russian Federal Tax Service to charge 3.7 billion rubles ($145...

Banking

Budget manages surplus of Ft 95 bln – Hungary

Ministry of Finance is expecting a general government surplus of Ft 95.1 billion (€387 million, $535 million) in July 2007...

Banking

Tax reforms: plan or reality? – Hungary

Some points of the agreement between the governing parties MSzP and SzDSz to bring forth tax reforms do not guarantee...

Banking

Russian Court quashes decision to charge PwC extra $15 mln in back taxes

The presidium of the Supreme Arbitration Court quashed a ruling by the lower court demanding British-based PricewaterhouseCoopers (PwC) pay an...

Banking

Hungary’s FM on fighting the black economy

According to researchers, the “value” of black economy now equals 17%–18% of GDP, said Finance Minister János Veres at the...

Banking

China encourages textile firms to innovate with tax-free component imports

China has removed import tariffs from components of two types of textile machines to encourage domestic textile firms to develop...

Banking

EU to lower VAT?

The European Commission may ease on its stance regarding VAT. Decrease in minimal product and service taxes may have a...

Banking

EU to check corporate interest clearing

The European Union will check whether interest clearing between affiliated companies is justifiable in Hungary....

Banking

S&P upgrades Rosneft’s outlook to positive over acquisitions

Standard & Poor's on Tuesday upgraded the outlook for Russia's state-controlled crude producer Rosneft to positive over the company's recent...

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...