Károly Olt

Károly Olt (14 May 1904 – 22 March 1985) was a Hungarian politician, who served as Minister of Finance between 1950 and 1956.

Károly Olt
Minister of Finance of Hungary
In office
24 February 1950 – 24 October 1956
Preceded byIstván Kossa
Succeeded byIstván Kossa
Personal details
Born(1904-05-14)14 May 1904
Zagreb, Kingdom of Croatia-Slavonia, Austria-Hungary
Died22 March 1985(1985-03-22) (aged 80)
Budapest, People's Republic of Hungary
Political partyMDP, MSZMP
Professionpolitician, economist
The native form of this personal name is Olt Károly. This article uses Western name order when mentioning individuals.

He moved from Zagreb to Hungary in 1920 (after the Treaty of Trianon). He became a member of the Hungarian Communist Party in 1930. He was arrested and condemned because of his communist activities. After that Olt took part in the reestablishment of the communist party. Between 1947 and 1 June 1949 he served as Minister of Welfare. He was appointed Speaker of the National Assembly of Hungary in 1949. Between 1950 and 1951 he worked as secretary of the Presidential Council. After his financial ministership he was a member of the party's Central Leadership. Between 1957 and 1961 he was one of the members of the Presidential Council.

References
Political offices
Preceded by
Imre Nagy		 Speaker of the National Assembly
1949		 Succeeded by
Lajos Drahos
Preceded by
István Kossa		 Minister of Finance
1950–1956		 Succeeded by
István Kossa


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