Banking

Banking

The Tax Aspects of Hungarian Real Estate

No wonder that real estate plays a major role in the overall M&A market, since these properties represent financial and...

Banking

Farkas Bársony joins PwC Hungary

Farkas Bársony has joined tax advisory firm PwC Hungary as a partner from November 1. He was previously managing director...

Banking

Competitiveness still a major problem for Hungarian SMEs

Hungary continues to lag behind the other Visegrád countries (Czech Republic, Poland, and Slovakia) in SME per capita labour productivity,...

Banking

Low taxes spur Coca-Cola investments

Hungaryʼs low taxes have prompted Coca-Cola to make record investments at its bottling plant on the outskirts of Budapest this...

Banking

MNB sees ‘moderate’ impact of wage hikes on inflation

The National Bank of Hungary (MNB) played down the impact of steep wage growth on inflation in its quarterly Inflation...

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More Hungarians opt for Itemized Small Business Tax

Almost 50,000 Hungarian businesses have opted to pay the Itemized Small Business Tax, known by its Hungarian acronym KATA, instead...

Banking

Failing to comply with new rules could bring HUF 20 mln fine

Under a new legislation that took effect in May and requires new reporting requirements for the transfer prices of multinational...

Banking

Slovakia could adopt a Hungarian style EKAER system

Since the introduction of the Electronic Public Road Trade Control System (EKAER) in Hungary, considerable progress has been made in...

Banking

Varga wants rethink of EC measures re aggressive tax planning

Minister for National Economy Mihály Varga has proposed a rethink of measures to counter tax avoidance presented by the European...

Banking

Orbán promises MÁV workers 30% pay rise

Prime Minister Viktor Orbán has promised employees of state-owned railway company MÁV a 30% pay rise over three years, Hungarian...

Banking

Parliament approves 2018 tax package

The Hungarian Parliament approved a package of tax changes that will reduce the VAT rates on internet services, fish and...

Banking

Hungary signs OECD tax convention

Hungary was among the signatories of a multilateral tax convention within the framework of a ministerial meeting of the OECD...

Banking

NAV should fill tax returns for small businesses, says chamber

The Hungarian Chamber of Commerce and Industry (MKIK) is proposing that the National Tax and Customs Administration (NAV) prepare small...

Banking

K&H Q1 profit lifted by lower costs, taxes

The K&H banking groupʼs first-quarter after-tax profit rose 8% year-on-year to HUF 10.1 billion as client numbers rose while costs...

Banking

Taxation of the Automotive Industry: Problems Along the Chain

The automotive industry plays a significant role in the Hungarian economy; it already contributes more than 10% of GDP and...

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...