Márton Nagy
Minister of Economic Development of Hungary
Assumed office
24 May 2022
Personal details
Born (1976-04-09) April 9, 1976
Szolnok, Hungary
Alma materBudapest University of Economics
ProfessionEconomist, politician

Márton Nagy (born in Szolnok, Hungary on 9 May 1976) is the Minister of Economic Development of Hungary. He previously served as the Prime Minister’s Chief Economic Adviser in the Prime Minister’s Office in the fourth Orbán Government from 2020 to April 2022.[1] Between 2015 and 2020 he was Deputy Governor of the Hungarian National Bank (MNB),[2][3] and the Chairman of the Budapest Stock Exchange from 2015 to 2017.[4]

Early life and education

He was born in Szolnok on 9 May 1976.[5] He graduated in 1999 from the Budapest University of Economics.

Early career (1998-2015)

He worked as a macroeconomic analyst at Government Debt Management Agency between 1998 and 2000, and as a senior analyst at ING Asset Management Ltd. from 2000 to 2002.[5]

He joined the Hungarian National Bank in 2002, where he served as a senior economic expert (2002-2006), later as a deputy head (2006-2010) and as a director (2010-2013). He was the bank's Executive Director for Financial Stability and Lending Stimulus from 2013 to 2015.[5]

Between 2012 and 2015, he also served as a member of the Financial Stability Council and the European Banking Authority.[5]

Deputy Governor of the Hungarian National Bank (2015-2020)

Between 2015 and 2020, he was Deputy Governor of the Hungarian National Bank and a member of the Monetary Council, while at the same time Chairman of the Board of the Hungarian Mint Ltd., a Board Member at KELER Ltd. and KELER Central Counterparty (CCP) Ltd. Between 2015 and 2016 he also served as a Board Member at the National Deposit Insurance Fund and the Resolution Fund.[5]

Between December 2015 and March 2017, he also held the position of Chairman of the Budapest Stock Exchange.[4]

He resigned from his position at the Hungarian National Bank on May 2020.[3]

Chief Economic Adviser to the Prime Minister (2020-2022)

He served as the Chief Economic Adviser to Viktor Orbán between 2020 and 2022.[1] In addition to providing personalized advice on economic policy issues, he was also responsible for coordinating various branches of economic policy.

Between 1 May 2021 and 30 April 2023, he was a member of the Supervisory Board and of the Audit Committee of MOL Plc.[6][7]

Minister of Economic Development (2022 - present)

He was appointed as Minister of Economic Development without Portfolio in May 2022.[8] He is the Minister of the Ministry of Economic Development since 1 January 2023.[9]

As Minister, he has so far been responsible for, among other things, the purchase of Vodafone Hungary,[10] the launch of the Baross Gábor Reindustrialization Loan Program and the Baross Gábor Capital Program,[11] and the joint negotiations with commercial banks on the voluntary interest rate cap.[12] He is in charge of the negotiations for the acquisition of Budapest Airport Ltd.[13]

References

  1. 1 2 "Hungary central banker moves to senior government position". Reuters. 22 June 2020. Retrieved 21 November 2023.
  2. ↑ "Prime Minister Viktor Orbán nominates Márton Nagy for Deputy Governor of Hungarian National Bank". kormany.hu. 21 July 2015. Retrieved 21 November 2023.
  3. 1 2 "Hungary central bank deputy governor Nagy resigns". Reuters. 28 May 2020. Retrieved 21 November 2023.
  4. 1 2 "Present and Previous Managers of BSE". Budapest Stock Exchange. Retrieved 21 November 2023.
  5. 1 2 3 4 5 "Biography" (PDF). European Investment Bank. Retrieved 21 November 2023.
  6. ↑ "Resolutions adopted by the Board of Directors of MOL Plc. on behalf of the 2021 annual general meeting". MOL Plc. 15 April 2021. Retrieved 21 November 2023.
  7. ↑ "Change in the composition of the Supervisory Board". MOL Plc. 27 April 2023. Retrieved 21 November 2023.
  8. ↑ "Hungary's Orban hands ex-aide, finance minister economic challenge". Reuters. 13 May 2022. Retrieved 21 November 2023.
  9. ↑ "Minisztériumot kap Nagy Márton, átnevezik Lázár János tárcáját". Telex (in Hungarian). 21 November 2022. Retrieved 21 November 2023.
  10. ↑ "The state to invest in mobile communications giant, Vodafone Hungary". Telex. 22 August 2022. Retrieved 21 November 2023.
  11. ↑ "Gov't to Add Equity Element to Business Credit Scheme". Budapest Business Journal. 6 February 2023. Retrieved 21 November 2023.
  12. ↑ "Minister Asks Banks to Introduce Voluntary Rate Caps". Budapest Business Journal. 3 October 2023. Retrieved 21 November 2023.
  13. ↑ "Government Sets Sights on the Reacquisition of Major Budapest Airport". Hungarian Conservative. 28 February 2023. Retrieved 21 November 2023.
  • Biography, kormany.hu (in Hungarian) (Retrieved 21 November 2023)
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