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Gov’t to set up advisory body for convergence program

The government will create a Convergence Council to advise it on Hungary's convergence program, Prime Minister Ferenc Gyurcsány announced in Parliament on Monday.

A cabinet meeting on Wednesday will discuss further details of the Council. Gyurcsány said he had asked Erik Bogsch, CEO of drug maker Richter Rt, András Simor, president-CEO of the Hungarian unit of consultancy Deloitte, and György Surányi, CEO of CIB Bank Rt and head of the Central European operations of Italy's Intesa banking group, to be members of the council.
Gyurcsány said the government would start consultations on Hungary's convergence program with the National Bank of Hungary (MNB), and it would present the planned program to the National Interest Coordination Council, which represents employers and unions, by mid-August.
The modified convergence plan must be submitted to Brussels by September 1.