Banking

Hungarian government agrees to raise minimum wage

The Hungarian government is reported to have reached an agreement with employers and unions today on planned increases to minimum...

Banking

Hungary eyes 9% flat corporate tax

Corporate tax in Hungary will be lowered to a flat 9% as of next year, Hungary’s Prime Minister Viktor Orbán...

Banking

Gov’t decree clarifies subsidies for installing e-tills

The Hungarian government will provide a HUF 50,000 subsidy per electronic till to be installed at companies with annual revenues...

Banking

Gov’t proposes raising minimum wage, cutting payroll taxes

The Hungarian government is proposing a 15% raise in the minimum wage of unskilled workers for next year and a...

Banking

EC finds Hungary’s ad tax breaches EU rules

The European Commission has found that the progressive nature of Hungary’s advertisement tax rates grant a selective advantage to certain...

Banking

Gov’t to consult broadly before cutting payroll taxes

The Hungarian government is planning to consult with a broader range of partners than previously planned ahead of cutting payroll...

Banking

Varga submits bill to reduce ‘tax bureaucracy’

Aiming to reduce "tax bureaucracy" in Hungary, a bill was submitted to Parliament last Friday by Minister for National Economy...

Banking

Hungarians’ personal income up almost 7%, tax office data show

Hungarians’ʼ personal income rose 6.7% to HUF 10.065 billion last year, data from the National Tax and Customs Authority (NAV)...

Banking

Deloitte Hungary names new director

Zoltán Pankucsi (pictured) has been named director at Deloitte Hungary’s office, taking effect from September, supporting the tax consultancy of...

Banking

Subsidies for vending machine operators

The Hungarian government is allocating more than HUF 2 billion in subsidies to vending machine operators to comply with reporting...

Banking

Cigarette prices to be hiked from Thursday

Based on a new law on excise tax adopted by Hungarian lawmakers in June, the excise tax on tobacco products...

Banking

Economy Ministry mulls payroll tax reduction

Hungaryʼs Ministry for National Economy is weighing a possible reduction in payroll taxes, Economy Minister Mihály Varga was quoted as...

Banking

Analyst: Soaring employment fuelled surprise budget surplus

Tightening employment and improving wages helped the government end the first quarter with a budget surplus, an unprecedented event in...

Banking

EC: Hungary canʼt implement supermarket, tobacco taxes

Hungary’s proposed supermarket oversight fee and tobacco tax, both based on a progressive rate tied to turnover, are in breach...

Banking

Government deficit reaches HUF 13.2 bln in May, 1.7% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, the National Economy Ministry...

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...