Background
KUPA, Mihaly was born on April 3, 1941 in Budapest.
KUPA, Mihaly was born on April 3, 1941 in Budapest.
He finished his studies at the Karl Marx University of Economic Sciences in 1969.
He was arrested in 1958 for ten months. After his graduation he worked for the National Statistical Office and several other research instuitions. He travelled to Angola for a short time in 1984, where he worked as a financial adviser.
After his return he worked for the Ministry of Finance.
When Ferenc Rabár resigned, Kupa was appointed Minister of Finance by Prime Minister József Antall. He also worked as a Vice Chairman of the Governing Council of the European Bank for Reconstruction and Development (EBRD) and as Speaker of the International Monetary Fund"s and World Bank"s General Assembly.
Kupa resigned from his ministerial position and also left the Hungarian Democratic Forum faction in 1993, and served as an independent Member of Parliament until the next election. He did not gain a mandate.
He was appointed chairman of the Hungarian Market Association in 1996.
Kupa founded the Centre Party in 2001. The new party did not hit the 5% threshold contrary and Kupa stepped back in the second round at the 2002 election. He retired from politics in 2007.
He became a member of the National Assembly of Hungary in 1991.