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Former State Audit Office chief to chair Fiscal Council

Initiatives

Arpad Kovacs, the former head of the State Audit Office (ASZ), was appointed on Tuesday by the president of the republic to chair the Fiscal Council.

Mr Kovacs replaces Zsigmond Jarai, who resigned because the Fiscal Council’s expanded tasks created a situation that made his position incompatible with fulfilling other functions in the private and public sector.

Mr Jarai is chairman of the National Bank of Hungary’s supervisory board. He is also chairman of the supervisory board of insurer CIG Pannonia and a member of the board of directors of Hungarian oil and gas company MOL.

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