Banking

Banking

NAV to issue certificates for payroll tax exemptions

Hungaryʼs National Tax and Customs Administration (NAV) will start sending businesses certificates for employees eligible for payroll tax preferences on...

Banking

Stockpiling before tax change lifts Zwack profit 33%

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 33% year-on-year to HUF 3.3 billion in Q1-Q3 of the...

Banking

What Will Cafeteria Bonuses Look Like in 2019?

The latest tax code, ratified by the Hungarian Parliament in November massively changes the country’s popular “cafeteria” system. Companies will...

Banking

Last-minute agreement reached on minimum wage

Hungarian employers and unions reached agreement on minimum wage increases on Sunday, December 30, a day before the deadline. The...

Banking

MNB lowers 2019 CPI forecast on falling oil prices

The National Bank of Hungary (MNB) has lowered its forecast for average annual inflation in 2019 to 2.9%, citing falling...

Banking

Govʼt hopes for last-minute minimum wage agreement

Gergely Gulyás, the minister in charge of the Prime Ministerʼs Office, expressed hope employers and unions can reach a last-minute...

Banking

Hungary to remain competitive for investment despite ATAD

Hungarian taxpayers will face considerable changes in taxation next year, due to the implementation of the European Commissionʼs Anti-Tax Avoidance...

Banking

Hungary 86th in PwC and World Bankʼs ‘Paying Taxes’ report

Hungary clinches 86th place in the 2019 edition of the yearly "Paying Taxes" report published by PwC and the World...

Banking

City raises revenue threshold for local business tax exemption

Budapest City Council on Wednesday raised the revenue threshold for exemption from the local business tax from HUF 1 million...

Banking

MNB projects 2018 deficit slightly under target

Hungaryʼs general government deficit could reach 2.2-2.3% of GDP this year, a little under the 2.4% target in the Budget...

Banking

Deloitte argues for automation of partner VAT controls

In Hungary, investigations into VAT tax control cases have revealed that a number of companies were fined for mistakes caused...

Banking

Hungaryʼs VAT Gap second only to Austria in region

A new report by the European Commission (EC) reveals that Hungary is in second place in the CEE region in...

Banking

Companies unprepared for global transformation of tax systems

Some 93% of corporate decision-makers are afraid that their company is not able to handle the sometimes conflicting views of...

Banking

Hungary allowed to raise VAT exemption threshold

A derogation approved by EU finance ministers at a meeting in Luxembourg on Tuesday allows Hungary to raise the annual...

Banking

Andersen Global expands, partners with OrienTax in Hungary

Tax and legal services firm Andersen Global and Hungarian tax consulting company OrienTax have signed a collaboration agreement paving 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

“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...