diff --git a/aiogram/types/message.py b/aiogram/types/message.py
index dd8828c4..c047ef7f 100644
--- a/aiogram/types/message.py
+++ b/aiogram/types/message.py
@@ -8,7 +8,7 @@ from .document import Document
 from .game import Game
 from .invoice import Invoice
 from .location import Location
-from .message_entity import MessageEntity
+from .message_entity import MessageEntity, MessageEntityType
 from .photo_size import PhotoSize
 from .sticker import Sticker
 from .successful_payment import SuccessfulPayment
@@ -179,6 +179,26 @@ class Message(Deserializable):
         if command:
             return command[1].strip()
 
+    @property
+    def md_text(self):
+        text = self.text
+
+        if self.text and self.entities:
+            for entity in reversed(self.entities):
+                text = entity.apply_md(text)
+
+        return text
+
+    @property
+    def html_text(self):
+        text = self.text
+
+        if self.text and self.entities:
+            for entity in reversed(self.entities):
+                text = entity.apply_html(text)
+
+        return text
+
     async def reply(self, text, parse_mode=None, disable_web_page_preview=None,
                     disable_notification=None, reply_markup=None) -> 'Message':
         """
diff --git a/aiogram/types/message_entity.py b/aiogram/types/message_entity.py
index cac0a192..2c183725 100644
--- a/aiogram/types/message_entity.py
+++ b/aiogram/types/message_entity.py
@@ -1,3 +1,4 @@
+from aiogram.utils import markdown
 from .base import Deserializable
 from .user import User
 
@@ -8,6 +9,7 @@ class MessageEntity(Deserializable):
     
     https://core.telegram.org/bots/api#messageentity
     """
+
     def __init__(self, type, offset, length, url, user):
         self.type: str = type
         self.offset: int = offset
@@ -27,6 +29,41 @@ class MessageEntity(Deserializable):
 
         return MessageEntity(type, offset, length, url, user)
 
+    def _apply(self, text, func):
+        return text[:self.offset] + \
+               func(text[self.offset:self.offset + self.length]) + \
+               text[self.offset + self.length:]
+
+    def apply_md(self, text):
+        if self.type == MessageEntityType.BOLD:
+            return self._apply(text, markdown.bold)
+        elif self.type == MessageEntityType.ITALIC:
+            return self._apply(text, markdown.italic)
+        elif self.type == MessageEntityType.PRE:
+            return self._apply(text, markdown.pre)
+        elif self.type == MessageEntityType.CODE:
+            return self._apply(text, markdown.code)
+        elif self.type == MessageEntityType.URL:
+            return self._apply(text, lambda url: markdown.link(url, url))
+        elif self.type == MessageEntityType.TEXT_LINK:
+            return self._apply(text, lambda url: markdown.link(url, self.url))
+        return text
+
+    def apply_html(self, text):
+        if self.type == MessageEntityType.BOLD:
+            return self._apply(text, markdown.hbold)
+        elif self.type == MessageEntityType.ITALIC:
+            return self._apply(text, markdown.hitalic)
+        elif self.type == MessageEntityType.PRE:
+            return self._apply(text, markdown.hpre)
+        elif self.type == MessageEntityType.CODE:
+            return self._apply(text, markdown.hcode)
+        elif self.type == MessageEntityType.URL:
+            return self._apply(text, lambda url: markdown.hlink(url, url))
+        elif self.type == MessageEntityType.TEXT_LINK:
+            return self._apply(text, lambda url: markdown.hlink(url, self.url))
+        return text
+
 
 class MessageEntityType:
     """
diff --git a/aiogram/utils/markdown.py b/aiogram/utils/markdown.py
index 26976054..f699f4ef 100644
--- a/aiogram/utils/markdown.py
+++ b/aiogram/utils/markdown.py
@@ -4,7 +4,11 @@ MD_SYMBOLS = (
     (LIST_MD_SYMBOLS[0], LIST_MD_SYMBOLS[0]),
     (LIST_MD_SYMBOLS[1], LIST_MD_SYMBOLS[1]),
     (LIST_MD_SYMBOLS[2], LIST_MD_SYMBOLS[2]),
-    (LIST_MD_SYMBOLS[2] * 3 + '\n', '\n' + LIST_MD_SYMBOLS[2] * 3)
+    (LIST_MD_SYMBOLS[2] * 3 + '\n', '\n' + LIST_MD_SYMBOLS[2] * 3),
+    ('<b>', '</b>'),
+    ('<i>', '</i>'),
+    ('<code>', '</code>'),
+    ('<pre>', '</pre>'),
 )
 
 
@@ -24,28 +28,48 @@ def _md(string, symbols=('', '')):
 
 
 def text(*content, sep=' '):
-    return _md('', _join(*content, sep=sep))
+    return _join(*content, sep=sep)
 
 
 def bold(*content, sep=' '):
     return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[0])
 
 
+def hbold(*content, sep=' '):
+    return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[4])
+
+
 def italic(*content, sep=' '):
     return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[1])
 
 
+def hitalic(*content, sep=' '):
+    return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[5])
+
+
 def code(*content, sep=' '):
     return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[2])
 
 
+def hcode(*content, sep=' '):
+    return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[6])
+
+
 def pre(*content, sep='\n'):
     return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[3])
 
 
+def hpre(*content, sep='\n'):
+    return _md(_join(*content, sep=sep), symbols=MD_SYMBOLS[7])
+
+
 def link(title, url):
     return f"[{_escape(title)}]({url})"
 
 
+def hlink(title, url):
+    return f"<a href=\"{url}\">{_escape(title)}</a>"
+
+
 def escape_md(*content, sep=' '):
     return _escape(_join(*content, sep=sep))