Péter Medgyessy

Biography:

PÉTER MEDGYESSY is a retired Hungarian politician who served Prime Minister of the Hungarian Republic from May 27, 2002 to September 27, 2004. He studied Theoretical Politics and Economics and, in 1966, obtained a PhD from the Budapest University of Technology and Economics. He has published a large number of articles concerning budgetary and exchange rate policy and the monetary system in Hungarian and international financial and economic papers. 

Medgyessy started his career at the Ministry of Finance where he worked in various positions, including Deputy Minister of Finance, between 1966 and 1986. He was appointed Minister of Finance in 1987. His name was hallmarked by the establishment, in 1988, of a new tax-system (introduction of TVA and Personal Income Tax) and a banking system meeting the requirements of the market economy. 

From 1988 until 1990, Medgyessy was Deputy Prime Minister responsible for Economic Affairs in the reform government of Miklós Németh, implementing the political changes. He led the process of economic liberalization and the preparation of the corporate law that created the fundament of privatization.

Medgyessy was President and Director General of Magyar Paribas (member of the French Paribas Group) from 1990 until 1994. From 1994 until 1996 he was President and Director General of the Hungarian Investment and Development Bank. From March 1996 to July 1998 he was again Minister of Finance. He brought a pension reform before the Parliament, which compelled appreciation also from OECD and other international institutions. 

From 1998 to 2001, Medgyessy was Chairman of the Board of Inter-Európa Bank (San Paolo-IMI Group) and Vice President of Atlasz Insurance Company (member of the Australian QBE Group). 

Source: https://www.interactioncouncil.org/about-us/members/members/peter-medgyessy 

Activities:

Publications: