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Simor likeliest to replace Járai as central bank governor

András Simor, who heads the Hungarian unit of constancy Deloitte, is the most likely replacement for central bank governor Zsigmond Járai, whose mandate expires on March 1, Népszabadság reported on Friday.

Népszabadság wrote that Prime Minister Ferenc Gyurcsány is expected to announce Járai’s replacement within days. Asked to comment on the report, a source close to Gyurcsány told Reuters that Simor is a candidate for the position, "but there are many others" and "nothing has been decided. "Simor was president of the Budapest Stock Exchange (BÉT) between 1998 and 2002.

Before the fall of communism, he worked for the National Bank of Hungary (MNB), and headed the Hungarian unit of Austria's CA-IB later. In 2001, he was listed among Europe's 50 most exceptional personalities by Business Week. In the summer and autumn months, Simor served on a three-member Convergence Council set up to advise the government on Hungary's Convergence Program. (Mti-Eco)