Gordon Bajhai

Biography: In March 2009, following Prime Minister Ferenc Gyurcsany?s announced resignation, Bajnai was nominated by the ruling MSZP party to become Hungary?s next prime minister. Bajnai became prime minister when the parliament passed a constructive motion of no-confidence against Ferenc Gyurcsany on 14 April 2009.

Bajnai was raised in Baja, Hungary. He graduated from the Budapest University of Economic Sciences (now Corvinus University) International Relations Department in 1991. For his public and professional activities he was rewarded Pro Universitate Award.

After earning his master?s degree, Bajnai took a job at Creditum Financial Consulting Ltd (at the same time Ferenc Gyurcsany worked there as well). In 1993, he undertook an internship at the European Bank for Reconstruction and Development in London. Later he also worked for Eurocorp International Finance Ltd (again under the directorship of Ferenc Gyurcsany).

Gordon Bajnai presenting a speech in WachauBetween 1995 and 2000, Bajnai was the managing director of CA IB Securities Co., and was the Deputy Chief Executive Officer (at the same time when Andras Simor, now head of National Bank of Hungary, was the head of the company). Bajnai was involved in the management of introducing several major companies to the stock exchange.

In 2003, the National Association of Managers selected Bajnai as the "Young Manager of the Year".

In 2005, he was the President of the Budapest Airport Inc., and member of the Supervisory Committee at Zwack Inc. He was member of the Corvinus University of Budapest Economic Council. He resigned all of his company posts and board-memberships, when he entered the government as government commissioner, responsible for EU funds and national development.

The Hungarian Parliament elected Bajnai as Hungary?s Prime Minister with 204 votes for, 8 abstentions. The remaining MPs did not vote.

In his first speech as PM, he promised drastic measures to stop the negative spiral of the Hungarian economy, and to ease the burden of the international crisis. He also stated that he would remain in power until he had the solid majority of Parliament behind his austerity package, but would stay no longer than a year.

He did not want to nominate himself at the next elections, he undertook the task for a year. The new cabinet formed on 29 May 2010. Bajnai was succeeded by Viktor Orbán. After that he retired from the politics and returned to the business life.

Bajnai is married, but is separated from his wife. They have two children. Bajnai has one child from his partner with whom he has lived since 2004