Banking

Govʼt to crack down on small business tax abusers

The government will modify rules governing the Itemised Tax for Small Businesses (KATA) from next year to prevent abuse by...

Banking

Recent COVID-19 related HR and tax measures in Hungary

In response to the COVID-19 outbreak, the Hungarian government declared a state of emergency to deal more effectively with the...

Banking

Parlʼt approves legislation on special economic zones

Parliament passed legislation on Tuesday allowing the establishment of special economic zones with the aim of expediting investments and related...

Banking

Two in three companies avail of later tax deadline

Two in three companies have taken advantage of a government measure pushing back the deadline for filing and paying corporate...

Banking

Special economic zone provisions donʼt apply to capital, Gulyás says

Provisions in a bill submitted to lawmakers by the government that would cede jurisdiction over big investments in special economic...

Banking

Govʼt measures to leave HUF 200 bln with businesses, households

Finance Minister Mihály Varga on Thursday detailed government measures to mitigate the economic impact of the coronavirus pandemic that will...

Banking

MKIK proposes measures to ease coronavirus impact on economy

The Hungarian Chamber of Industry and Commerce (MKIK) unveiled a new package of proposals it has sent to the government...

Banking

Orbán announces further economic measures

Prime Minister Viktor Orbán announced more measures to ease the economic impact of efforts to contain the coronavirus at a...

Banking

Banks Face Financial Burden While FinTechs Stay Exempt

The Hungarian banking sector is still subject to a sectoral tax. While local banks are doing much better today than...

Banking

Flat Corporate Income Tax Re-energizes Hungary’s Business Scene

The corporate tax rate, lowered to 9% in January 2017, is not only making the country look more attractive to...

Banking

Hungary’s Tax Morale Improves, but Still Average for the Region

Hungary’s tax morale, the willingness of people to pay, was traditionally regarded as poor, which fits into the region’s communist-era...

Banking

Environmental tax contribution in Hungary around EU average

The share of contribution from environmental taxes to total government revenue from taxes and social contributions amounted to 6.3% in...

Banking

New head at KCG Partners’ tax practice

Bálint Zsoldos, senior tax advisor, has been appointed as the new head of tax practice at KCG Partners Law Firm,...

Banking

Number of KIVA businesses to rise over 50,000

The number of Hungarian businesses who have opted to pay the Small Business Tax (KIVA) will rise over 50,000 this...

Banking

More than 40% of disabled Hungarians employed

About 42% of disabled people in Hungary are employed, up from 18% in 2010, the Human Resources Ministry said in...

Banking

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

Banking

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...

Banking

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...

Banking

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....

Banking

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...

Banking

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...

Banking

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...

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

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...

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...

Banking

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...