Banking

Hungary could tax big retailers based on Polish model

The Hungarian government is planning to levy a tax on big retailers, as an attempt to spread the public burden...

Banking

Association: State support could boost new car sales

Hungaryʼs new car market could recover with the help of government support that should be extended to buyers, János Eppel,...

Banking

András Tállai officially takes over as head of tax authority

András Tállai, who was state secretary of the National Economy Ministry, assumed leadership of the National Tax and Customs Authority...

Banking

Minister: NAV reorganization key to competitiveness

Hungary’s competitiveness would be in danger if the National Customs and Tax Authority (NAV) did not restructure its operations to...

Banking

NAV to take over personal tax return procedures for 1.5 mln Hungarians

Approximately 1.5 million Hungarians’ personal income tax returns will be completed by Hungary’s National Tax and Customs Authority (NAV) following...

Banking

Varga: Electronic till system to be expanded

The Hungarian government is planning to expand the mandatory use of electronic tills to auto mechanics, taxis, laundries and currency...

Banking

Nearly 3,600 individuals, 3,100 companies on Hungarian tax authorityʼs blacklist

At the end of September there were 3,597 private taxpayers and self-employed individuals owing more than HUF 10 mln each...

Banking

Lázár: Government to implement a comprehensive tax administration reform

A proposal regarding the organizational and personnel restructuring of Hungary’s National Tax and Customs Authority (NAV) will be submitted to...

Banking

Budapest housing market boosted by holiday rentals

Home sales in the center of Budapest saw a 40% rise last year, with demand being highest for 40-60 sqm...

Banking

András Tállai to oversee restructuring of tax office

András Tállai, state secretary of the National Economy Ministry (NGM) has been appointed government commissioner responsible for overseeing the restructuring...

Banking

Tax office will have to serve prompt payers swiftly under new plan

Hungary’s National Economy Ministry is planning to introduce a six-month deadline for tax office audits of companies that promptly fulfilled...

Banking

MFB to establish countrywide points for EU-supported credit

The state-owned Hungarian Development Bank (MFB) will make EU-supported financing available to companies at 400 points around the country, The...

Banking

Report: NAV to monitor corporate invoicing in real time

The Hungarian government is planning to link corporate invoicing directly to the National Tax and Customs Authority NAV, an action...

Banking

Liechtenstein, Hungary sign double taxation avoidance agreement

Hungary and Liechtenstein have signed a double taxation avoidance agreement, the National Economy Ministry said yesterday, according to state news...

Banking

Report: EU satisfied with ad tax change

Due to the European Commission’s relative satisfaction with the changes made by the Hungarian Parliament to the country’s advertising tax,...

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...