Banking

Banking

PM: Hungary is a ‘workfare society’

Hungary  “is not a welfare society” but “it is a labor-based workfare society”, Hungary’s Prime Minister Viktor Orbán said on Friday at a...

Banking

Some 43,000 firms register for road haulage control system

More than 43,000 companies registered for an electronic monitoring system for road haulage companies (called ekaer) by June 15, asking...

Banking

Parliament approves tax laws for 2016

The Hungarian Parliament today approved a package of previously announced tax changes for 2016, with 133 voting in favor and...

Banking

Bloomberg: Nagy says banking industry’s profits to improve by 2019

Márton Nagy, Executive Director of the Hungarian National Bank (MNB) says the Hungarian banking industry may break even this year and...

Banking

Financial Times: ‘Orbánomics’ stuns critics

The Hungarian economy under Prime Minister Viktor Orbán grew faster than its EU peers in 2014, though critics say this...

Banking

Government expects 3% GDP growth in 2019

The Hungarian government expects GDP to grow by 3% in 2019, according to a medium-term outlook supplementing the 2016 budget...

Banking

Bill would reduce top rate for ad tax to 5.3%

Hungaryʼs government submitted a bill to Parliament on Friday that would apply a 5.3% rate for the advertising tax on...

Banking

Editorial: Real tax overhaul will have to wait – again

The following is the Editorial column from the May 22-June 4 print edition of the Budapest Business Journal....

Banking

Bill would amend state debt threshold, could eliminate ad agencies

Hungary’s National Economy Minister Mihály Varga yesterday submitted a bill to Parliament that would amend a rule on a nominal...

Banking

Hungarian government submits tax bill

The Hungarian government today submitted a package to Parliament containing the previously announced amendments to the tax bill, Hungarian news...

Banking

Official: Utility tax could drop if ISPs upgrade networks

In the event that internet service providers build new networks or upgrade existing ones, the Hungarian government could consider a...

Banking

TV2 books positive EBITDA for first time since crisis

Hungarian commercial channel TV2, which was recently bought out by its management, had positive EBITDA for the first time in...

Banking

Government could lower VAT on internet

The Hungarian government is planning on reducing the VAT rate from 27% to 18% on internet subscriptions as of next...

Banking

Companies participating in dual education program could get rebates

Companies that take part in Hungaryʼs dual education system – a combination of trade instruction and on-the-job training – may...

Banking

Industry associations dispute ad tax

Industry associations are calling for additional consultations on the advertising tax, and have asked the government to consider abolishing 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

“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...