Márton Nagy has been the Minister of National Economy since January 1, 2024, and has been the Minister of Economic Development since May 2022. He previously served as the economic advisor to Prime Minister Viktor Orbán. He is a certified economist. From 1998 to 2000, he began his career as a macroeconomic analyst at the Government Debt Management Agency and then worked as a senior economist at ING from 2000 to 2002. He joined the Hungarian National Bank in 2002. From 2013 to 2015, he was the Executive Director responsible for Financial Stability and Credit Promotion at the central bank and also served as a member of the Financial Stability Council and the European Banking Authority. Between 2015 and 2020, he was Deputy Governor of the Hungarian National Bank and a member of the Monetary Council. From 2015 to 2017, he also served as the President of the Budapest Stock Exchange. From 2020, he served as the Prime Minister's economic advisor, then from 2022 as Minister of Economic Development without portfolio, and from 2023 as the Minister of the Ministry of Economic Development. Since December 2023, he has been leading the Cabinet for Economic Affairs. From January 1, 2024, the Ministry of Economic Development was renamed the Ministry of National Economy, with him continuing his expanded ministerial mandate at its helm. He is the author of numerous research papers, analyses, and articles. His research primarily focused on banking competition and efficiency, individual banking products and their pricing, healthy lending practices, and the American subprime mortgage crisis. In his professional publications, he regularly analyses the challenges facing the economy and the financial system. During his central banking career, he was involved in initiating the Growth Loan Programme, the conversion of foreign currency loans into forints, the resolution of MKB Bank, the nationalisation of the Budapest Stock Exchange, and the launch of the Growth Bond Programme. As a minister, his contributions include the acquisition of Vodafone Hungary, the initiation of the Baross Gábor Reindustrialisation Loan Programme and the Baross Gábor Capital Programme, the introduction of the online price monitoring system, and collaborative negotiations with commercial banks regarding the voluntary interest rate cap. As a result of the negotiations he led for the acquisition of Budapest Airport Ltd., the Budapest Ferenc Liszt International Airport has once again come under Hungarian state ownership. He is now actively involved in the further development of this high-quality airport, which serves both the public and the economy.
