Banking

Parliament approves ad tax hike

An increase in Hungaryʼs advertising tax from 5.3% to 7.5% was approved by Parliament on Tuesday morning. The proposal put...

Banking

EC raises growth forecasts for Hungary

In a fresh forecast released today, the European Commission has raised its projections for GDP growth in Hungary to 3.6%...

Banking

Gov’t to help pensioners back to work with bill

The governing Fidesz-KDNP coalition has submitted a bill to Parliament under which pensioners would have better opportunities to return to...

Banking

Ad tax hike could undermine media, says association

The Hungarian Advertising Association (MRSZ) has called on the government to drop plans to raise advertising tax from the current...

Banking

How to Manage the tax Affairs of Foreign Managers

It often occurs that a multinational company employs a foreign manager based on an employment contract or secondment. In the...

Banking

Competitiveness Council discusses proposals to promote digitalization

Hungaryʼs National Competitiveness Council has discussed proposals to promote digitalization, including a proposal on the introduction of a type of...

Banking

Fidesz MP hints at cut, not raise, in ad tax

Hungary will not introduce a 9% advertising tax - almost double the current measure - in 2018, as had been...

Banking

Lázár says ad tax rate still undecided

Although Minister for National Economy Mihály Varga submitted a proposal to Parliament that would raise the advertising tax from 5.3%...

Banking

Government plans major advertising tax hike

Advertising tax in Hungary is set to be raised from the current 5.3% to 9% as of June, for taxpayers...

Banking

OECD acknowledges structural reforms in Hungary, makes further recommendations

The OECD acknowledged structural reforms Hungaryʼs government has undertaken over the past two years in a report on Friday, but...

Banking

IMF says Hungary’s outlook is ‘favorable’ but ‘subject to risks’

International Monetary Fund (IMF) staff acknowledged Hungaryʼs “high economic growth” over the past several years and said the medium-term outlook...

Banking

General gov’t runs HUF 123.4 bln surplus in January, ministry confirms

Hungaryʼs cash flow-based general government balance, excluding local councils, showed a HUF 123.4 billion surplus in January, the Ministry for...

Banking

General gov’t runs HUF 123.4 bln surplus in January

Hungaryʼs cash flow-based general government balance, excluding local councils, showed a HUF 123.4 billion surplus in January, a first reading...

Banking

Why 9%?

Like lightning out of the blue; this is how everyone felt about the big announcement last November that the corporate...

Banking

Where do Taxes Go?

“Taxes” is a topic that entrepreneurs in Hungary are most concerned about. In a roundtable discussion organized by Bridge Budapest...

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...