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The native form of this personal name is Bajnai György Gordon. This article uses the Western name order.
György Gordon Bajnai


Incumbent
Assumed office 
14 April 2009
President László Sólyom
Preceded by Ferenc Gyurcsány

Born 5 March 1968 (1968-03-05) (age 41)
Szeged, Hungary
Political party Independent
Alma mater Budapest University of Economic Sciences (now Corvinus University of Budapest)
Occupation Entrepreneur

György Gordon Bajnai (pronounced [ˈgordon ˈbɒjnɒi] born 5 March 1968, Szeged) is the current Prime Minister of Hungary. In March 2009, following Prime Minister Ferenc Gyurcsány's announced resignation, Bajnai was nominated by the ruling MSZP party to become Hungary's next prime minister.[1] Bajnai became prime minister when the parliament passed a constructive motion of no-confidence against Ferenc Gyurcsány on 14 April 2009.[2]

Contents

[edit] Studies and student politics

Bajnai was raised in Baja, Hungary. He graduated from the Budapest University of Economic Sciences (now Corvinus University) International Relations Department in 1991. For his public and professional activities he was rewarded Pro Universitate Award.

As József Debreczeni wrote in his book The new Prime Minister, Ferenc Gyurcsány remembered Bajnai from common football matches, having long evening discussions and drinking beer in the late 1980s. Bajnai was not a KISZ (Kommunista Ifjúsági Szövetség) leader, like Gyurcsány (who was Vice-President of the communist youth organization in 1989), but he was active in youth-politics. In 1987, Bajnai organized a boycott of the University of Economics' canteen, and was chairman of the Independent Student Division.[3]

[edit] Entrepreneurial career

After earning his master's degree, Bajnai took a job at Creditum Financial Consulting Ltd (at the same time Ferenc Gyurcsány worked there as well). In 1993, he undertook an internship at the European Bank for Reconstruction and Development in London. Later he also worked for Eurocorp International Finance Ltd (again under the directorship of Ferenc Gyurcsány).

Between 1995 and 2000, Bajnai was the managing director of CA IB Securities Co., and was the Deputy Chief Executive Officer (at the same time when András Simor, now head of National Bank of Hungary, was the head of the company). Bajnai was involved in the management of introducing several major companies to the stock exchange.

Between 2000 and 2005, he was CEO of Wallis Rt., an investment company. His duty was to restructure the company, make it more efficient and to manage its investments. Wallis group member companies were at that time Graboplast Rt., Rába Rt., Elender Rt., Index.hu, Wallis Ingatlan, Wallis Auto Holding, Danubius Radio, Café Advertistment. Among the more than 100 Wallis-owned company a poultry processing firm, Hajdu-Bet went bankrupt during 2003, against all efforts by its management and owners. Bajnai, who was not with Wallis when it bought Hajdu-Bet, gets regular false accusations for not being able to keep Hajdu-Bet alive. Many partners of Hajdu-Bet suffered serious losses during the time when poultry market collapsed in 2003, Wallis group itself lost 10 billion forints (over 40 million Euros). There are news circulating about possible related suicides linked to the bankruptcy among farmers.

In 2003, the National Association of Managers selected Bajnai as the "Young Manager of the Year". In the same year, as the head of Wallis, he concluded the liquidation of a company called Hajdu-Bet, during which a great number of suppliers breeding geese suffered great losses. For several years Bajnai was strongly criticized for this.[4][5]

In 2005, he was the President of the Budapest Airport Inc., and member of the Supervisory Committee at Zwack Inc. He was member of the Corvinus University of Budapest Economic Council. He resigned all of his company posts and board-memberships, when he entered the government as government commissioner, responsible for EU funds and national development.

[edit] Political career

Bajnai first received a government post in 2006. On July 1, Prime Minister Ferenc Gyurcsány's called on him to be the Government Commissioner for Development Policy. In this position, he maintained supervision over National Development Agency, that controls EU Funds to Hungary.

He became minister in July 2007, in the Ministry of Local Government and Regional Development. After SZDSZ left the coalition government, in May 2008, he took over the newly-formed Ministry of National Development and Economy.

In March 2009, Prime Minister Ferenc Gyurcsány resigned, announcing that he would hand over his position to a new premier with a higher support of the parties of the Hungarian Parliament. The Alliance of Free Democrats (SZDSZ) opposed most candidates for the post proposed by the Hungarian Socialists. Although Bajnai was reluctant to give in, after a week, with no tangible results in sight, and being asked by the vast majority of party stakeholders, whos also assured him of their support of the needed austerity measures, he took the job. Securing the backing of both parties, who were in the former Bajnai became prime minister in 14 April 2009.

[edit] Prime Minister

The Hungarian Parliament elected Bajnai as Hungary's Prime Minister with 204 votes for, 8 abstentions. The remaining MPs did not vote.

In his first speech as PM, he promised grievous measures to stop the negative spiral of the Hungarian economy, and to ease the burden of the international crisis. He also stated that he would remain in power until he has the solid majority of Parliament behind his austerity package, but will stay no longer than a year.(Interview in FT) Live interview for CNBC in June 19 2009

His first visit to abroad was in Brussels, where he debuted as prime minister. He made discussions with Jose Manuel Durao Barroso, President of the European Commission, and with Jaap de Hoop Scheffer, secretary general of NATO.

In April he met with Austrian PM Werner Faymann, in May, he attended the EU Partnership Summit in Prague.

In May, he presented a speech on the Europe Forum, in Wachau, and in June, he attended the V4 summit in Krakow.

He made a two day official visit to Israel, where he met Simon Peres, Benjamin Netanyahu and the Opposition Leader, Tzipi Livni. He also visited the Palestinian Authority, where he met the Palestinian prime minister, Salam Fayyad.

Gordon Bajnai with Tzipi Livni, Israel

The Nabucco pipeline's intergovernmental agreement between Turkey, Romania, Bulgaria, Hungary and Austria was signed by five Prime Ministers (including Bajnai) on 13 July 2009 in Ankara.[6]

On 19 August, he met with Angela Merkel, chancellor of Germany, in Sopron. The event was the 20th anniversary of the Pan-European Picnic.

In September he made a short official visit to Finland, where among others he met prime minister, Matti Vanhanen.

On 10 September, he invited the Slovak PM Robert Fico, to ease the tensions, between Hungary and Slovakia. There were a clash of views between the two neighbors concerning the controversial amendment of the Slovak State Language Act.

Between 20-24 September, Bajnai made an official visit to the USA, where he met President Barack Obama, the UN secretary general Ban Ki Mun, he attended the Climate Conference of the UN.

Among others he made discussions with George Soros, Charles Gati, and mayor U.S. financers and investors, he closed the trade at the New York Stock Exchange.

In early October, Bajnai made a visit to the United Kingdom. He attended talks with Prime Minister of the United Kingdom Gordon Brown and gave a public lecture at the London School of Economics and Political Science.

Between 18-19 October, he made a short official visit to Paris, where he met president of France Nicolas Sarkozy, PM Francois Fillon, and many french investors.

[edit] Honors

In 1994 he was awarded Pro Universitate. In 1999 he was voted one of the 30 most promising business Central-Eastern European executives by the journal Central European Business Review. In 2003, the National Association of Managers selected Bajnai as the "Young Manager of the Year". 2006 Officer's Cross Order of Merit of the Republic of Hungary (Civic Order of Merit) as an acknowledgement for his exceptional professional and company management work and his achievements in the area of company management culture development

[edit] References

Political offices
Preceded by
Mónika Lamperth
Minister of Local Government of Hungary
2007–2008
Succeeded by
István Gyenesei
Preceded by
Ferenc Gyurcsány
Prime Minister of Hungary
2009 – present
Succeeded by
Incumbent



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