Banking

Banking

Businesses may have to wait till Q3 for payroll tax cut

Hungaryʼs government could wait until as late as October of this year to reduce the payroll tax by another two...

Banking

Varga outlines economic measures in effect from 2020

Finance Minister Mihály Varga reminded Hungarians of government measures soon to come into effect designed to cushion the impact of...

Banking

Minimum wage to rise 8% next year, as agreed earlier

The minimum wages for both skilled and unskilled workers will rise by 8% next year, in line with an agreement...

Banking

Unions want to revisit wage agreement in light of higher growth

Trade unions want to renegotiate the scale of minimum wage rises for next year in light of higher than expected...

Banking

Lawmakers restrict sales of e-cigs to state-run shops

The Parliament on Tuesday approved legislation limiting the sale of electronic cigarettes and e-cigarette cartridges to the state-run network of...

Banking

Healthcare free-riders to be filtered out

A new system of statutory free-riders will automatically be filtered out by the Ministry of Finance if Parliament approves the...

Banking

Should you use a Holding Company?

Regular corporate finance columnist Les Nemethy looks into when it might make sense to set up a holding company....

Banking

Tax cuts to be part of 2nd economic protection plan, PM says

Prime Minister Viktor Orbán on Friday said tax cuts would be a decisive element of a second package of measures...

Banking

Volkswagen pays the most taxes in Slovakia

Bratislava-based car-maker Volkswagen Slovakia is again the countryʼs biggest tax payer, having paid more than EUR 300 million in taxes...

Banking

Varga to scrutinise KATA tax form, weigh chamber proposals

Finance Minister Mihály Varga on Thursday said he would review the Itemised Tax for Small Businesses (KATA) and weigh recommendations...

Banking

Bill would expand MFBʼs scope of activities

A bill submitted to lawmakers by the government on Tuesday would broaden the scope of activities of the Hungarian Development...

Banking

Hungary edges up in World Bankʼs ease of doing business ranking

Hungary has moved up one place to 52nd in the World Bankʼs latest annual ease of doing business ranking. Ahead...

Banking

Tax authority employing new control methods – Deloitte

Big Four professional services firm Deloitte says the National Tax and Customs Administration (NAV) has changed tack recently, mostly checking...

Banking

Deloitte: Hungarian tax group status questions remain

Transfer cost questions remain around Hungarian tax group status (CSOPTA) as the regulations may affect transactional spending, the local unit...

Banking

Lawmakers approve tax changes

Lawmakers on Friday approved tax changes earlier announced as part of expanded support for families and a package of tax...

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...

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...

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...