Lajos Bokros

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Lajos András Bokros
Minister of Finance of Hungary
In office
1 March 1995 – 29 February 1996
Preceded by László Békesi
Succeeded by Péter Medgyessy
Personal details
Born (1954-06-26) 26 June 1954 (age 60)
Budapest, Hungary
Political party MSZMP
MSZP (1990–1991)
MDF (2009–2011)
MoMa (2013–)
Profession politician, economist
The native form of this personal name is Bokros Lajos. This article uses the Western name order.

Lajos András Bokros (born 26 June 1954) is a Hungarian economist and Member of the European Parliament for Hungary. He is the leader of the Movement for a Modern Hungary, which he founded in April 2013, and sits in the European Conservatives and Reformists group in the European Parliament.

Bokros was born in Budapest. He graduated from and holds a Ph.D. from the Budapest University of Economics. He was director of the State Property Agency of Hungary between 1990–1991. He was chairman and chief executive officer at the Budapest Bank between 1991–1995. He is a full professor (Department of Public Policy) and former chief operating officer of the Central European University.

Minister of Finance[edit]

Bokros was the Minister of Finance between 1995–1996 in the government of Gyula Horn. He is best known for the so-called "Bokros package"; a string of austerity measures implemented during his term as Finance Minister.

World Bank Career[edit]

Between 1997 and 2000, Lajos Bokros was Director for Private Sector and Finance at the World Bank. There, together with Stjn Claessens, Simeon Djankov, and Gerhard Pohl he worked on enterprise restructuring in Georgia, Moldova, and Romania. As director, Lajos Bokros also led the assistance in restructuring the Russian banking sector after the 1997-1998 banking crisis.

Political career[edit]

Supported by the Hungarian Democratic Forum (MDF), Bokros was elected to the European Parliament in the 2009 election and sits in the European Conservatives and Reformists Group. He is a full member of the Committee on Budgets and a substitute member of the Committee on Economic and Monetary Affairs.

He was the MDF's candidate for the position of Prime Minister of Hungary on the 2010 Hungarian parliamentary election. He left MDF when the party dissolved in 2011. On 21 April 2013, he founded the Movement for a Modern Hungary.[1]


  1. ^ "MEP Bokros, controversial former finance minister, founds new free-market political party". Budapest Business Journal. 22 April 2013. Retrieved 14 May 2013. 

External links[edit]

Political offices
Preceded by
László Békesi
Minister of Finance
1995 – 1996
Succeeded by
Péter Medgyessy