Under the current regulation, two delegates are nominated by the National Bank (MNB) and two by the prime minister.

With the new rule, Fidesz would be able to nominate all four members early next year to replace outgoing MNB council members, Tamas Banfi, Peter Bihari, Csaba Csaki and Judit Nemenyi, whose six-year mandates expire in March. All new members have to be officially appointed by the head of state.

The government has already informed European Central Bank president Jean-Claude Trichet on the planned changes.

Fidesz’s possible nominees, according to a report by website Index, are former Phare funds minister Imre Boros; Istvan Torocskei, a businessman with close ties to Fidesz; and economist Laszlo Bogar. The mandate of governor Andras Simor and of his two deputies Julia Kiraly and Ferenc Karvalits run until 2013."

Source: Hungary Around the Clock

This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.