Mihály Kupa

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Mihály Kupa
Kupa Mihály Fortepan 76089 (crop).jpg
Mihály Kupa in 1986
Minister of Finance of Hungary
In office
20 December 1990 – 11 February 1993
Preceded byFerenc Rabár
Succeeded byIván Szabó
Personal details
Born (1941-04-03) 3 April 1941 (age 78)
Budapest, Kingdom of Hungary
Political partyMDF, Centre Party
Professionpolitician, economist

Mihály Kupa (born 3 April 1941) is a Hungarian politician, who served as Minister of Finance between 1990 and 1993. He was arrested in 1958 for ten months. He finished his studies at the Karl Marx University of Economic Sciences in 1969. After his graduation he worked for the National Statistical Office and several other research institutions. He travelled to Angola for a short time in 1984, where he worked as a financial adviser. After his return he worked for the Ministry of Finance.

When Ferenc Rabár resigned, Kupa was appointed Minister of Finance by Prime Minister József Antall. He became a member of the National Assembly of Hungary in 1991. He also worked as a Vice Chairman of the Governing Council of the European Bank for Reconstruction and Development (EBRD) and as Speaker of the International Monetary Fund's and World Bank's General Assembly. Kupa resigned from his ministerial position and also left the Hungarian Democratic Forum faction in 1993, and served as an independent MP until the next election. He did not gain a mandate. He was appointed chairman of the Hungarian Market Association in 1996.

During the 1998 election he won a mandate, so he became the only independent representative in the National Assembly. Kupa founded the Centre Party in 2001. The new party did not hit the 5% threshold contrary and Kupa stepped back in the second round at the 2002 election. He retired from politics in 2007.


Political offices
Preceded by
Ferenc Rabár
Minister of Finance
Succeeded by
Iván Szabó