Banking

Varga envisions tax evasion narrowing significantly

Improved tax morale that comes with measures the government has taken to crack down on tax evasion, such as the...

Banking

Actions against tax fraud bring a better world for the good-faith taxpayers too

Considering the low direct tax rates on corporations (9%) and on private persons (15%), the reducing social security charges (19.5%)...

Banking

Parliament approves 2019 budget, tax changes

The Hungarian Parliament approved the 2019 budget on Friday, winding up the summer session. The house also approved several tax...

Banking

IMF urges Hungary to reduce state debt further

Staff of the International Monetary Fund (IMF), while acknowledging Hungaryʼs strong economic growth and a marked reduction in its external...

Banking

Govʼt to continue payroll tax cuts, conditional on wage rises

Minister of Finance Mihály Varga confirmed on Wednesday that the government would continue to reduce the payroll tax in 2019...

Banking

Higher oil prices to raise CPI, but MNB sees no spillover

Inflation could rise slightly over the 3% mid-term target in the coming months on the back of sharp increases in...

Banking

Government submits wide raft of tax changes

A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax...

Banking

Government considers solutions for labor shortage

If a shortage of trained workers were to endanger an important investment, the government would help to fill the gap...

Banking

Orbán: 2019 budget bill to ensure ‘secure growth’

The government has drafted next yearʼs budget with increased reserves and a smaller deficit to provide a defense for possible...

Banking

Govt to continue payroll tax cuts in 2019

Hungaryʼs new government will continue to reduce the payroll tax and increase tax preferences for families with two children, Prime...

Banking

GKI: 14% of Hungarian employees on minimum wage

About 14% of Hungarian employees earn the minimum wage, according to a survey by economic research institute GKI. About half...

Banking

Double-digit wage growth seen continuing in 2018

In February 2018, average monthly gross earnings amounted to HUF 306,500, 11.9% higher than a year earlier. In January–February 2018,...

Banking

OrienTax appoints new directors

From March 1, Péter Kiss and György Boár have been promoted to directors at independent tax advisory firm OrienTax, according...

Banking

CMS Budapest adds senior expert to tax team

Judit Kresz, previously head of tax of a regional law firm, joined the tax team of legal and tax services...

Banking

Change in approach improves Hungarian tax collection rate

Tax revenues in Hungary were 5% up year-on-year in 2017, by HUF 609 billion, the National Tax and Customs Administration...

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...