György Surányi
Encyclopedia
György Surányi is Hungarian economist
the CEO and chairman of CIB Bank
and former president of the Hungarian National Bank
between 1990–1991 and again in 1995-2001. In his second tenure as central banker from 1995 he played a role in the restoration of balance to the Hungarian economy
and getting inflation
under control.
In the same period he co-authored the Bokros package, a series of measures cutting both the budget and current account deficits. Surányi is also the regional head of Intesa Sanpaolo
a banking group of Italy. Under Surányi, the Hungarian Forint
(HUF), became fully convertible for the first time. In March 2009 his name was mentioned as a possible replacement for outgoing Prime Minister
Ferenc Gyurcsány
. Hungarian political party SZDSZ announced that Surányi was acceptable to them as a candidate for Prime Minister. Party leader Gábor Fodor
said, Surányi is the one who could restore trust, and govern the country free of party influences. Surányi was asked about his possible nomination and said that a new government will need clear support from all parliamentary parties "even if to a different degree".
President of Hungary
László Sólyom
stated that instead of a short term transational government ruling only until the 2010 elections, early elections should be held. Surányi himself remained noncomittal declining to say whether he would accept the position of PM if nominated. Hungarian political party Fidesz
has said it will not support any new government including one led by Surányi. This not a personal problem, they support only a new, early parliamentary election. Surányi became the frontrunner candidate for the post of Prime Minister however on the 26th of March he pulled out of the race saying he would not take the job.
The World Economic Forum
titled him to Global Leader of Tomorrow, in 1993. In 1996, Euromoney named Surányi the central banker of the year in Central and Eastern Europe. Surányi reached the academic rank of full professor
in 1998. He lectured at the Central European University
.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
the CEO and chairman of CIB Bank
CIB Bank
CIB Bank is the second-biggest commercial bank in Hungary, after the January 1, 2008 merger with Inter-Európa Bank. This follows the 2007 merger of their respective Italian parent companies, Banca Intesa and Sanpaolo IMI to form Intesa Sanpaolo....
and former president of the Hungarian National Bank
Hungarian National Bank
The Hungarian National Bank is the central bank of Hungary. The principal aim of the bank is to retain price stability. It is also responsible for issuing the national currency, the forint, controlling the cash circulation, setting the Central Bank base rate, publishing official exchange rates...
between 1990–1991 and again in 1995-2001. In his second tenure as central banker from 1995 he played a role in the restoration of balance to the Hungarian economy
Economy of Hungary
The economy of Hungary is a medium-sized, structurally, politically and institutionally open economy in Central Europe and is part of the European Union's single market...
and getting inflation
Inflation
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a...
under control.
In the same period he co-authored the Bokros package, a series of measures cutting both the budget and current account deficits. Surányi is also the regional head of Intesa Sanpaolo
Intesa Sanpaolo
Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa Intesa Sanpaolo...
a banking group of Italy. Under Surányi, the Hungarian Forint
Hungarian forint
The forint is the currency of Hungary. It is divided into 100 fillér, although fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step of the post-WWII stabilization of the Hungarian economy, and the currency remained relatively stable until...
(HUF), became fully convertible for the first time. In March 2009 his name was mentioned as a possible replacement for outgoing Prime Minister
Prime minister
A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. In many systems, the prime minister selects and may dismiss other members of the cabinet, and allocates posts to members within the government. In most systems, the prime...
Ferenc Gyurcsány
Ferenc Gyurcsány
Ferenc Gyurcsány is a Hungarian politician. He was the sixth Prime Minister of Hungary from 2004 to 2009.He was nominated to take that position on 25 August 2004 by the Hungarian Socialist Party , after Péter Medgyessy resigned due to a conflict with the Socialist Party's coalition partner...
. Hungarian political party SZDSZ announced that Surányi was acceptable to them as a candidate for Prime Minister. Party leader Gábor Fodor
Gábor Fodor (politician)
Gábor Fodor is a Hungarian jurist, liberal politician, the former president of the Alliance of Free Democrats , he held the position between 2008–2009. Fodor resigned due to the results of the European Parliament election, 2009...
said, Surányi is the one who could restore trust, and govern the country free of party influences. Surányi was asked about his possible nomination and said that a new government will need clear support from all parliamentary parties "even if to a different degree".
President of Hungary
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...
László Sólyom
László Sólyom
László Sólyom is a Hungarian political figure, lawyer, and librarian who was President of Hungary from 2005 to 2010. Previously he was President of the Constitutional Court of Hungary from 1990 to 1998....
stated that instead of a short term transational government ruling only until the 2010 elections, early elections should be held. Surányi himself remained noncomittal declining to say whether he would accept the position of PM if nominated. Hungarian political party Fidesz
Fidesz – Hungarian Civic Union
The Fidesz – Hungarian Civic Union is a major conservative party in Hungary. At the 2010 election in Hungary, Fidesz-KDNP won a two-thirds majority of seats by gaining 52% of the votes, with Fidesz winning 227 seats and KDNP winning 36...
has said it will not support any new government including one led by Surányi. This not a personal problem, they support only a new, early parliamentary election. Surányi became the frontrunner candidate for the post of Prime Minister however on the 26th of March he pulled out of the race saying he would not take the job.
The World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
titled him to Global Leader of Tomorrow, in 1993. In 1996, Euromoney named Surányi the central banker of the year in Central and Eastern Europe. Surányi reached the academic rank of full professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
in 1998. He lectured at the Central European University
Central European University
For other uses, see European University Central European University is a graduate-level, English-language university offering degrees in the social sciences, humanities, law, public policy, business management, environmental science, and mathematics...
.