The Race for Hungarian Borrowers’ Money is Heating up Although interest rates are generally rising in Hungary in tandem with similar European trends, the Hungarian central bank's statistics shows... 2022.08.09.
Hungarian Bankholding Achieved a Profit of More than EUR 174 Million Last Year Hungarian Bankholding achieved a profit before tax of HUF 69.5 billion (EUR 174 million) last year, while its total comprehensive... 2022.06.28.
Press Roundup: Opposing Takes on Government’s Windfall Taxes A liberal news site predicts that the newly announced special taxes will trigger an infringement procedure by the European Commission.... 2022.05.28.
GKI CEO on Govt’s Windfall Taxes: ‘No Such Thing as Extra Profit’ According to the CEO of GKI Economic Research Zrt., there is no such thing as extra profit, and he does... 2022.05.27.
EU Gives Companies Green Light to Continue Buying Russian Gas The European Union has declared that European companies can continue to buy Russian gas without violating sanctions, indicating that they... 2022.05.18.
Central Bank Withdraws Sberbank Hungary Licence, Orders Lender Wound Up The National Bank of Hungary (NBH) has said it withdrew the lending licence of Russian-owned Sberbank Hungary because of its... 2022.03.02.
Press: Marine Le Pen’s Campaign Financed by Loan from Hungarian Bank Radical right-winger Marine le Pen's party may have received a loan amounting to more than EUR 10 million from a... 2022.02.03.
First Module of AI Supercomputer Developed by OTP Bank and Innovation Ministry Inaugurated The first module of an AI supercomputer built in partnership between the Ministry of Innovation and Technology (ITM) and OTP... 2022.01.31.
Banking Association Does Not Support Mortgage Rate Freeze The Hungarian Banking Association on Thursday said it does not support a temporary government freeze of mortgage loan interest rates.... 2021.12.24.
Mortgage Freeze: Households May Save HUF 11,000 for 6 Months The interest rates on retail mortgages will be frozen at their October 27 levels, according to PM Viktor Orbán's Wednesday... 2021.12.23.
Less Than 5,000 Hungarian Families Own 30% of Total Domestic Net Financial Wealth There are around 4,000-4,500 families in Hungary with financial assets exceeding HUF 300 million (EUR 834,000) in addition to real... 2021.10.12.
Police Raise Charges Against Hungarian Suspect Who Offered Bank Card Details on Dark Web Police have wrapped up an investigation into a 33-year-old Hungarian man who is suspected of trading in bank card data... 2021.10.08.
Coronavirus – FinMin Varga: New Measures to Make Payments Easier, Save Money Hungary's authorities have adopted various measures designed to make payments and navigating red tape easier and cheaper, the finance minister... 2020.11.24.
Lawmakers Extend Repayment Moratorium for ‘Vulnerable Borrowers’ Parliament unanimously approved legislation on Tuesday to extend a moratorium on loan repayments, but only for vulnerable borrowers. The legislation... 2020.10.20.
Hungarian Financial Regulator Fines 6 Banks for Failure to Implement Money Laundering Safeguards The National Bank of Hungary (MNB), serving as the country's financial regulator, said on Wednesday that it has fined six... 2020.06.17.
New National Consultation Questions Published by Gov’t The government has published thirteen questions to be put to the Hungarian public in the National Consultation in connection with... 2020.06.09.
Banking Association Chief: Hungary Well Positioned to Weather Crisis Hungary can avoid a crisis similar to the one in 2008 thanks to measures taken by the government and the... 2020.05.27.
Coronavirus – FinMin Official: Suspension of Loan Repayments Helping Households, Businesses The option of suspending loan repayments is providing relief for many Hungarian households and businesses alike, but 40 percent of... 2020.05.01.
Coronavirus – Finance Ministry: Special Bank and Retail Tax to Add 91 Billion Forints to Anti-virus Funds Two government decrees levying extraordinary taxes on banks and on big retail businesses published on Tuesday are expected to raise... 2020.04.15.
Coronavirus: One-off Banking Sector Tax Deductible from Bank Levy, says Finance Minister A one-off tax on the banking sector that will bolster Hungary's pandemic war chest can be deducted in full from... 2020.04.09.
Coronavirus – Finance Minister: Hungary to Plough 20% of GDP into Protection Efforts Hungary is ploughing 20 percent of its GDP into protection efforts against the novel coronavirus, Finance Minister Mihály Varga said... 2020.04.08.
