Banking

Banking

EU seeks tax compromises on beer, liquor, downloads

The European Union is pushing to end an impasse on tax laws including beer and liquor levies, value-added tax on...

Banking

Gov’t expands Start program

The government approved plans to expand the so-called Start program to assist various disadvantaged groups of society in finding employment,...

Banking

World Bank argues for simpler taxation

A simplified tax system can be the key to success for governments to increase tax revenues by easing the burden...

Banking

PM on Hungarian-Romanian business opportunities

The governments of Hungary and Romania must eliminate all obstacles to effective business cooperation, PM Ferenc Gyurcsány said at a...

Banking

New law to cut gift duties

The planned amendment of the duty law lowers the gifts tax on assets handed over free between companies that are...

Banking

Hungary sees 2007 budget unaffected by court’s ruling on tax

Hungary's government said the country's 2007 budget revenue won't be affected by a court decision that ruled a new tax...

Banking

Hungarian economic growth probably slowed in the Q3

Hungary's economy probably lost momentum in the Q3 as government measures to curb a budget deficit shackled corporate investment and...

Banking

Constitution Court annuls tax on stock of cash

Hungary's Constitution Court has declared unconstitutional a new tax on companies' stock of cash, the court announced on Monday....

Banking

Audi to continue investment program in Hungary

Audi is expected to continue its investment programme in Hungary, state secretary Ábel Garamhegyi said on Friday, following talks between...

Banking

Difficulties with Apeh’s electronic tax returns

Electronic filing system of tax returns is still not working perfectly. According to the original schedule, another one million enterprises...

Banking

Hungary edges closer to euro adoption, Finance Minister says

Hungary, one of five east European countries this year to put off euro-adoption targets, is moving closer to switching to...

Banking

Hungary makes R&D deductible for new tax

Hungary's government decided to allow businesses to deduct research and development expenses when calculating a new 4% „solidarity tax,” lowering...

Banking

Audi, Hungary reach tax deal

Germany's premium car maker Audi and the Hungarian government have reached an agreement on a tax allowance and Audi is...

Banking

Germans, Czechs veto EU tax increase on beer, liquor

Germany and the Czech Republic vetoed a proposed increase in European taxes on beer, liquor and fortified wine, branding the...

Banking

Audi seeks compensation in Hungary for tax

Volkswagen AG's Audi luxury car unit is demanding the Hungarian government compensate it for a new tax on corporate profits,...

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...

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...

Banks Draft Proposals for Retail Borrowers Rate Freeze

The Hungarian Banking Association is drafting proposals in the framework of a social consultation on changes to a rate freeze...