Hungary's Economy Minister János Kóka resigns

Parliament

Hungary's Economy and Transport Minister János Kóka is to announce his resignation this morning, according to Hungarian press citing ‘close’ political sources.

Hungary's Minister of Economic Affairs, János Kóka, will bow out of office by 31 December at the latest, local news portal index.hu has reported on Thursday. Kóka, who sources say wants to focus on his work as the leader of the liberal junior coalition partner, the Alliance of Free Democrats (SZDSZ), will remain in his post until the end of the year.

Kóka has already notified his party's top decision-making body and will meet regional chapter leaders this morning. He and his closest supporters believed that he could cope with the posts of minister and party chairman, but have reportedly realized that he cannot. Kóka feels he will have greater scope of action as party chairman, as at present he is merely a subordinate to Prime Minister Ferenc Gyurcsány, Index writes.

Kóka's successor has not yet been named, but Economy Ministry state secretary Ábel Garamhegyi is considered a likely candidate. (Forbes, Caboodle, portfolio)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.