Banking

Banking

Hungarian advertising tax shocks TV channels

Both the greatest Hungarian TV channels, RTL Klub and TV2, have expressed their strong objections against the possible introduction of...

Banking

Hungarian MP defends advertisement tax bill proposal

László L. Simon, MP of governing Fidesz, defended his advertisement tax proposal after its submission has caused roar in Hungarian...

Banking

Hungary to introduce advertisement tax

Hungarian government is planning to introduce a tax on advertising, the National Economy Minister Mihály Varga said on a Hungarian...

Banking

EC nixes second reverse-VAT call for sugar sector

The European Commission has rejected a request by Hungary to introduce reverse VAT in the sugar sector, the National Economy...

Banking

ECJ rules Hungary’s tax on retailers discriminatory

The European Court of Justice on Wednesday ruled that Hungary's sectoral tax on retailers is discriminatory, putting companies with owners...

Banking

Boosted tax intake proves to be no miracle cure

The government has introduced a series of steps to increase the treasury’s tax revenues that are making life more difficult...

Banking

Tax dodgers: always ahead of the game?

From the Budapest Business Journal print edition: Although their room for maneuvering shrinks, offshore tax dodgers still manage to keep...

Banking

OECD: Structural reform needed for Hungary’s full potential

The OECD urged Hungary to make further structural reforms to achieve full growth potential in an economic survey of the...

Banking

Tax policy 2014: No dramatic changes

From the Budapest Business Journal print edition: The 2014 package aims to support families and businesses, fight against the black...

Banking

Fidesz: Tax fraud must be punished

Tax fraud must not go unpunished but it is up to the public prosecutor’s office to clarify whether the statements...

Banking

PwC: “Fewer big changes” in 2014 tax law

PricewaterhouseCooper Hungary has released some six pages worth of analysis on the tax package for 2014, legislation for which was...

Banking

Demján: Hungary needs 10-year plan for trade sector

National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján today stated that government and business leaders must consider formulation...

Banking

Tobacco excise tax revenue almost HUF 29 billion in October

Revenue from excise tax on tobacco products peaked for the year at HUF 36.2 billion in September and reached HUF...

Banking

Falling cigarette sales could leave budget HUF 40 billion short

A decline in tobacco sales could cause a HUF 40 billion shortfall in revenue from excise tax and VAT, business...

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...

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...

MBH Mortgage Bank Issues EUR 500 mln Covered Bond

MBH Mortgage Bank has issued a EUR 500 mln benchmark-sized covered bond on the international capital market, attracting total demand...