György Matolcsy
Encyclopedia
György Matolcsy is a Hungarian
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...

 politician, current Minister of National Economy from 29 May 2010. Matolcsy was also Minister of Economy during the first cabinet of Viktor Orbán
Viktor Orbán
Viktor Orbán is a Hungarian populist and conservative politician and current Prime Minister of Hungary...

.

Career

In 1977 he graduated from the Faculty of the Karl Marx University of Economics of Industry in Budapest, and in 1981 received a PhD in economics at the University of Economics in Budapest. He worked as an expert in economic institutions.

In 1990 he became for a brief period of parliamentary secretary in the Prime Minister József Antall
József Antall
József Antall was the first democratically-elected Prime Minister of Hungary after the fall of Communism , teacher, librarian, historian and political figure...

 period. In 1991-1994 he was a representative of the Hungarian Government, the European Bank for Reconstruction and Development
European Bank for Reconstruction and Development
Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...

 in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, including a deputy director in the period 1991-1994, and in 1994 director of the bank. After returning to the country was among others Fidesz's economic expert, member of the National Assembly
National Assembly of Hungary
The National Assembly or Diet is the parliament of Hungary. The unicameral body consists of 386 members elected to 4-year terms. Election of members is based on a complex system involving both area and list election; parties must win at least 5% of the popular vote in order to enter list members...

, and in 2000-2002, minister of economy. In 2003 he joined the Fidesz. On May 29, 2010 he became minister of national economy in the second Orbán cabinet.

He said in October 2011 the return to talks with IMF would be a "clear sign of weakness". He also said in the Parliament on 14 November 2011, just four days before the ministry's announcement, in a response to a Jobbik politician, "the government forming its economic policy against this three-letter institution [IMF]." On 17 November 2011 the Ministry of National Economy said government is starting negotiations on a new type of cooperation with the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

 (IMF) in the course of scheduled consultations.

He is the author of publications in the field of economics.

External links

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