Banking

Parliament approves Job Protection Plan measures

Hungary's Parliament approved late Monday amendments that are part of a Job Protection Plan intended to reduce the burden of...

Banking

Fiscal council receives background information from ministry

Hungary's National Economy Ministry has sent the required background information and calculations about the 2013 budget to the Fiscal Council,...

Banking

Econ ministry says budget info requested by Fiscal Council ready

Hungary's National Economy Ministry has prepared the background information and impact studies requested by the Fiscal Council as promised by...

Banking

Tax authority checks largest taxpayers if informed of irregularities

Banking

Fiscal Council puts 2012 deficit under 3% threshold if most reserves not used up

Hungary can keep its general government deficit under the 3% of GDP threshold in 2012 if it does not use...

Banking

No more taxes, s’il vous plaît – French companies and Hungary’s unorthodox economic policy

Hard times require tough decisions. In the dark days of the crisis, Hungary implemented unorthodox measures to meet deficit targets,...

Banking

Yielding ground on flat-rate tax would be difficult, Varga says

Hungary's government would be able to yield ground on the country's flat-rate tax with difficulty at negotiations for financial assistance...

Banking

Parliament to vote on HUF 300 bln job-saving action plan in September, official says

Hungary's Parliament could pass a HUF 300 billion job-saving and employment boosting package in September; Ádám Balog, National Economy Ministry...

Banking

Gov’t payroll tax cuts to affect only small part of job-related costs – GKI

Planned cuts of employers' payroll taxes, announced as part of a government action plan to boost employment on Monday, affect...

Banking

Subsidizing team sports – New Hungarian tax practice

The finalization of the new legislative background on subsidies to spectator team sports – football, handball, basketball, water polo and...

Banking

Government to fund action plan to save jobs, help small businesses from financial transaction duty – PM

In order to save jobs, the Government wants to halve employers' payroll taxes on wages of employees less than 25...

Banking

Gov’t plans to halve tax preference for wage compensation in 2013

The government plans to maintain a wage compensation scheme next year, but wants to halve the related tax preference, a...

Banking

Transfer pricing in focus of tax audits

Due to increasing cross border activities between affiliated companies, tax authorities are focusing more on the prices applied by affiliates...

Banking

2014 rise of transaction duty is only technical, govt official official says

The revenue target from a new financial transaction duty is higher for 2014 than for 2013 not because the government...

Banking

Two difficult years of struggle stand behind Hungary, gov’t, says state secretary

Two difficult years of struggle stand behind Hungary and its government, but significant results have been achieved during this period,...

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...

Banking

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...