Austrian-owned Erste Bank Hungary had first-half after-tax profit of close to HUF 56bn, down from HUF 69bn in the base period as new rules required the windfall profit tax to be booked for the full year, chairman-CEO Radovan Jelasity said on Wednesday. More >>
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Services Drive Latest GDP Growth in Hungary
- 31 Jul 2026 7:45 AM
Hungary's GDP rose 1.7pc in the second quarter from the same period a year earlier, a first reading of data released by the Central Statistics Office (KSH) on Thursday shows.
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Private Banking in Hungary Now More Exclusive as Entry Limits Rise
- 30 Jul 2026 11:33 AM
Hungary's wealthiest investors are holding more assets than ever, with total private banking assets rising above HUF 13,600 billion by the end of June, according to a new industry survey by Portfolio.hu.
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Crypto Trading Rules in Hungary Relaxed
- 29 Jul 2026 11:56 AM
Hungary's Parliament has approved legislation removing a validation requirement for crypto-asset exchanges, simplifying the regulatory framework and bringing it into line with European Union rules.
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Gov't Deficit in Hungary Already Over 80% of Full-Year Target
- 23 Jul 2026 12:01 PM
Hungary's cash flow-based general government deficit reached HUF 3,382.2bn at the end of June, 80.2pc of the full-year target, the Finance Ministry confirmed in a detailed report published.
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Central Bank Cuts Base Rate in Hungary to 5.75%
- 22 Jul 2026 7:31 AM
The Monetary Council of the National Bank of Hungary (NBH) decided to cut the central bank base rate by 25bp to 5.75pc at a monthly policy meeting on Tuesday.
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Fraud Worth Billions Hit at Hungary’s Largest Wholesale Market - Banana Twist
- 14 Jul 2026 9:49 AM
The National Tax and Customs Authority (NAV) has uncovered an alleged VAT fraud scheme involving HUF 3.7 billion at the Budapest Wholesale Market (Nagybani Piac), the country's largest wholesale hub for fresh fruit and vegetables.
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