Banking

Banking

Ad tax set at 5.3% for revenue above HUF 100 mln

According to a new bill published on kormany.hu yesterday, the upper bracket of the advertisement tax would be 5.3%, while...

Banking

If you are not growing, you are dying

The following article was written by Roland Keller, Business Optimisation Expert....

Banking

Lázár: Telecom sector tax remains; bank levy will gradually decrease from 2016

The government has no intention of eliminating the telecom tax, János Lázár told journalists at a press conference yesterday....

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Varga to cut taxes based on economic growth

Hungary’s National Economy Minister Mihály Varga said yesterday on state-owned news television channel M1, that the Hungarian government has decided...

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Varga submits bill that would broaden tax benefits for farmers

Hungary’s National Economy Minister Mihály Varga submitted a bill to Hungarian Parliament yesterday that would extend eligibility for agriculture sector...

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Businesses may be eligible for e-till installation subsidy

The Hungarian government is planning on offering subsidies for businesses that will be required to install electronic tills connected to...

Banking

Report: Orbán less popular despite economic improvements

Despite the remarkable economic turnaround Hungary has seen since Prime Minister Viktor Orbán took power in 2010, the popularity of...

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Surge in NAV inspections raises revenue by HUF 1.5 bln

Hungary’s National Tax and Customs Authority (NAV) said that inspections based on an electronic monitoring system for road haulage companies,...

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Official: Broader job preservation tax benefits could save farmers HUF 6 bln

Broadening eligibility for agriculture sector job preservation tax benefits to Hungarians between 25 and 55 years of age could save...

Banking

Government mulls lower VAT for some products

The Hungarian government is considering products for which it could reduce the VAT rate, National Economy Minister Mihály Varga said...

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PM: Bank levy could decrease if banks lend more

Hungary’s Prime Minister Viktor Orbán reiterated this morning that the government’s plans to reduce the special levy on the financial...

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Number of companies requesting extensions on tax payments declines

The number of Hungarian companies who opted for additional time to pay their taxes fell to 15,000 last year from...

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Loopholes and Taxation: Overseeing a Fairer European Union

This opinion piece was written by Margrethe Vestager (pictured), European Commissioner in charge of competition policy....

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MNB: Government deficit in 2014 around 2.3-2.4% of GDP

In 2014, the deficit of the general government sector may have been around 2.3-2.4% of GDP, 0.1-0.2 percentage points lower...

Banking

Economy ministry exploring effects of VAT reduction

The Economics Ministry is looking into the potential fiscal and economic effects of a VAT rate reduction but reducing 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...