OTP Hungary Rolls Out New Payment Option
- 30 Jun 2020 9:12 AM
OTP and its fintech unit OTP Mobil have rolled out a new mobile payment method based on instant payments that reads QR codes, the bank announced on Monday.
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Hungary To Crack Down On Tax Avoiding Small Businesses
- 26 Jun 2020 10:59 AM
In a bid to crack down on tax cheats, the government is changing rules governing the Itemised Tax for Small Businesses (KATA) from next year.
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Revolut Working With Raiffeisen In Hungary
- 26 Jun 2020 8:49 AM
Revolut has opened a forint account with Raiffeisen Bank, the international fintech company told Portfolio on Thursday.
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Analyst: After Hungary’s Downturn, Major Growth Expected Next Year
- 25 Jun 2020 7:29 AM
Századvég analyst Gábor Regős reckons Hungary’s economy will contract by almost 3% this year before picking up to 5% in 2021.
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Governor: Bank Base Rate Cut Serves To Jumpstart Hungarian Economy
- 24 Jun 2020 10:30 AM
Explaining Tuesday’s base rate cut, György Matolcsy, governor of the National Bank of Hungary (NBH), told a press conference after the Monetary Council’s meeting that the central bank had to make decisions for the economy to take the expected jumpstart from the third quarter.
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Hungarian National Bank Suddenly Cuts Base Rate After Four Years
- 24 Jun 2020 10:25 AM
Contrary to all forecasts, the MNB’s monetary council cut the base rate for the first time in four years yesterday, from 0.9% to 0.75%.
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