Boris Vujčić
Boris Vujčić | |
|---|---|
Vujčić in 2011 | |
| Vice-President of the European Central Bank | |
| In office TBD–TBD | |
| President | Christine Lagarde |
| Preceded by | Luis de Guindos |
| 5th Governor of the Croatian National Bank | |
| Assumed office 8 July 2012 | |
| Preceded by | Željko Rohatinski |
| Personal details | |
| Born | 2 June 1964 |
| Spouse | Tanja Vujčić |
| Alma mater | University of Zagreb |
| Profession | Economy |
Boris Vujčić (pronounced [bǒris ʋûːjtʃitɕ]; born 2 June 1964) is a Croatian economist, university professor, and Governor of the Croatian National Bank, a position he has held since 2012. From June 2026, he will serve as Vice-President of the European Central Bank.[1]
Early life
Vujčić graduated from the Zagreb Faculty of Economics in 1988, where he also received his doctorate in 1996.[2]
Career
Vujčić started his professional career in 1989 as an assistant at the Zagreb Faculty of Economics. In 1996 he was named the head of research department of the Croatian National Bank. Later, in 1997, he became a lecturer at the Zagreb Faculty of Economics and in 2003 an associate professor.
Since 2000, Vujčić has held the position of Vice Governor of the Croatian National Bank, and in 2012 he assumed the position of the governor.[3] He held that position upon Croatia's accession to the European Union.[4] In 2018 the coalition government of prime minister Andrej Plenković agreed to re-appoint Vujčić for a second six-year term.[5]
In January 2026, Prime Minister Plenković's government submitted Vujčić as a candidate to succeed Luis de Guindos in the position of Vice-President of the European Central Bank.[6][7] On 19 January 2026, he won against Finland’s candidate Olli Rehn after three rounds of voting within the Eurogroup[8] and was formally proposed for the position.[9]
Other activities
- European Central Bank (ECB), ex-officio member of the Governing Council[10]
- European Systemic Risk Board (ESRB), ex-officio member[11]
- Vienna Initiative 2.0, member of the Steering Committee
- International Monetary Fund (IMF), ex-officio member of the Board of Governors[12]
Policy positions
During Vujčić's time in office, the Central Bank's monetary policy has largely revolved around keeping the Croatian kuna stable against the euro in a managed float regime.[5] Early in his term, he stated that it remained in Croatia's best interests to join the euro.[13] However, he refused an international bailout scenario as the country faced the post-2008 financial crisis.[14]
Controversy
In 2014, Vujčić faced calls for his resignation from holders of loans denominated in Swiss francs who struggled with repayments when the Swiss franc surged that year. [15]
In 2017, Croatia's State Commission for Conflict of Interest investigated whether Vujčić allowed a conflict of interest by several times attending an economic conference in Kitzbühel sponsored by UniCredit, the owner of the country's biggest commercial bank Zagrebačka banka.[16]
In early 2022, Investigative journalists uncovered that over the previous twenty years more than 40 employees of the Croatian National Bank traded in securities of banks that the HNB supervised, allegedly including Boris Vujčić and his then-deputy. [17] The revelation prompted investigations by Croatia’s market regulator. Vujčić denied wrongdoing and the Croatian National Bank stated that any trades did not violate laws at the time they were conducted and that Vujčić held no bank shares once such activity was outlawed. [18]
References
- ^ "EU leaders appoint Boris Vujcic as ECB vice president". Reuters. March 19, 2026.
- ^ of Economics in Zagreb'
- ^ 'The leadership of the Croatian National Bank' Archived March 17, 2013, at the Wayback Machine
- ^ "Croatia: the EU's youngest member takes stock of progress". Euronews.com. 20 May 2014. Retrieved 2016-07-06.
- ^ a b Maja Zuvela (11 July 2018): Croatia's ruling coalition to re-appoint Vujcic as c.bank governor Reuters.
- ^ Jan Strupczewski (9 January 2026), Six candidates bid to replace ECB vice president de Guindos -Eurogroup Reuters.
- ^ Statement by the Eurogroup President on the nominations for the post of ECB Vice-President General Secretariat of the Council of the European Union, press release of 9 January 2026.
- ^ Paola Tamma (19 January 2026), Croatian central bank governor elected ECB’s second-in-command Financial Times.
- ^ Johanna Treeck (19 January 2026), Croatia secures shock victory in ECB racePolitico
- ^ Governing Council European Central Bank (ECB).
- ^ Members European Systemic Risk Board (ESRB).
- ^ Members International Monetary Fund (IMF).
- ^ Ainsley Thomson (4 June 2013): Aims for Speedy Adoption of Euro The Wall Street Journal.
- ^ Margit Feher (17 January 2014). "Croatia 'Doesn't Need International Bailout'". Wsj.com. Retrieved 2016-07-06.
- ^ Zoran Radosavljevic (27 April 2015): Croatian central bank governor shrugs off calls to resign Reuters.
- ^ Igor Ilic (3 February 2017): Croatia checking whether central bank governor has conflict of interest Reuters.
- ^ Transparency International Croatia (1 February 2022): [1] Transparency.hr.
- ^ Tanja Gojsilovic (9 June 2025): [2] Direktno.hr.
External links
- Biography at the Croatian National Bank website