Banking

Audit Office head sees room for gradual tax cut

The head of Hungaryʼs State Audit Office (ÁSZ) sees room for a gradual reduction in the 15% personal income tax...

Banking

Bill would limit e-cigarette sales to state-run tobacco shops

A bill submitted to Parliament on Thursday by an MP of governing Fidesz would limit sales of electronic cigarettes and...

Banking

Government Vows to Continue ʼInvestment-friendlyʼ Economic Policy

The government will continue its investor-friendly economic policy, Minister of Finance Mihály Varga told a business forum of the American...

Banking

Number of corporate resorts down

The number of available places in corporate-run holiday resorts in Hungary is steadily decreasing, according to a report by news...

Banking

Deficit at 17.7% of full-year target at end of May

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 176.4 billion deficit at the end of May, reaching...

Banking

Varga announces Economy Protection Action Plan

Minister of Finance Mihály Varga has announced a number of tax cuts and growth incentives as part of a plan...

Banking

Motivation of Employees by Stocks

At the time of total re-legislation of the cafeteria taxation, employers are actively seeking new instruments for the remuneration of...

Banking

Taxation that follows postings

Employment posting questions emerge in both short- and long-term relations. In practice, long term-postings are usually handled by the HR...

Banking

Smallest firms spend 1 out of 4 forints on taxation

Micro firms with monthly revenue of under HUF 400,000 tend to spend every fourth earned forint on taxes, while those...

Banking

Decision-makers keen to sell at least one business line – EY

The vast majority of company heads are considering selling at least one of their business lines by 2021, according to...

Banking

Hungary leads continent in low corporate tax

A 2018 country analysis by Washington, D.C.-based think tank the Tax Foundation shows that corporate taxes have fallen by almost...

Banking

Pig in a Poke Tempts Snouts to the Trough

Let’s admit it, from the agricultural laborer with his firewood allowance to the company executive with driver and limo, we...

Banking

Economic growth up 5% in fourth quarter of 2018

The gross domestic product of Hungary was up by 5.0% according to raw data, and by 4.8% according to seasonally...

Banking

Hungary’s Tax System Stable but Administration-heavy

Although the administrative side of the Hungarian taxation system might be daunting, the local tax environment is stable, Róbert Heinczinger,...

Banking

Tax Evasion no Longer a National Sport, but More Must be Done

Efforts to make taxation in Hungary more transparent and, as a result, reduce tax fraud has brought some good results...

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...