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Hungary Receives Additional 170 Billion HUF in EU Allocations, Looks to Strengthen Economic Growth in 2024

According to the minister’s briefing, this brings the total amount of EU funds allocated to Hungary in the past days to a substantial 470 billion forints. Last Thursday witnessed a transfer of €779.5 million (equivalent to 300 billion forints) from…

MBH Investment Bank Launched in Attempt to Redefine Financial Frontiers

At the launch event, Finance Minister Mihály Varga highlighted that the combined market share of MBH and OTP, Hungary’s two largest banks, now far exceeds the share of foreign banks operating in the country….

OTP Bank Removed from Ukrainian Blacklist

OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from…
Hungarian President Katalin Novák and Volodymyr Zelenskyy in Kyiv on 23 August 2023.

Novák and Zelenskyy See Eye to Eye on Need for Cooperation, OTP Bank Could Be Removed from Ukrainian Blacklist

President Novák and President Zelenskyy engaged in a fruitful one-on-one in Kyiv, which may pave the way for more constructive bilateral relations….

OTP Bank’s Ukraine Saga

Despite OTP’s continued support of Ukraine, the Ukrainian National Agency on Corruption Prevention has recently classified the Budapest-based bank as an ‘international war sponsor’ for not shutting down its Russian subsidiary….

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