Boris Vujčić (; born 2 June 1964) is a Croatian economist, university professor, and the Governor of the

Croatian National Bank The Croatian National Bank ( hr, Hrvatska narodna banka or HNB; ) is the central bank of the Republic of Croatia. HNB was established by the Constitution of Croatia which was passed by the Parliament of Croatia on 21 December 1990. Its main res ...

, a position he has held since 2012.

Early life

Vujčić graduated from the Zagreb Faculty of Economics in 1988, where he also received his doctorate in 1996.

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

. 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

, and in 2012 he assumed the position of the governor. He held that position upon Croatia's accession to the European Union. In 2018 the coalition government of

prime minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...

Andrej Plenković Andrej Plenković ( ; born 8 April 1970) is a Croatian politician who has been serving as the prime minister of Croatia since 19 October 2016. He was previously one of eleven Croatian members of the European Parliament, serving from Croatia's ...

agreed to re-appoint Vujčić for a second six-year term.Maja Zuvela (11 July 2018)
Croatia's ruling coalition to re-appoint Vujcic as c.bank governor
''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was esta ...

''.

Other activities

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...

(ECB), ''

ex-officio member An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right ...

'' of the Governing Council *

European Systemic Risk Board The European Systemic Risk Board () is a group established on 16 December 2010 in response to the ongoing financial crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contrib ...

(ESRB), ''

'' * Vienna Initiative 2.0, member of the Steering Committee *

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

(IMF), ''

'' of the Board of Governors

Policy positions

During Vujčić's time in office, the Central Bank's monetary policy has largely revolved around keeping the

Croatian kuna The kuna is the currency of Croatia, in use since 1994 (sign: kn; code: HRK). It is subdivided into 100 lipa. The kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Mint. The plural form of the word kuna in Cr ...

stable against the euro in a managed float regime. Early in his term, he stated that it remained in Croatia's best interests to join the euro. However, he refused an international bailout scenario as the country faced the post- 2008 financial crisis.

Controversy

In 2014, Vujčić faced calls for his resignation from holders of loans denominated in Swiss francs who struggled with repayments when the kuna surged that year. 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 UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...

, the owner of the country's biggest commercial bank

Zagrebačka banka Zagrebačka banka d.d. is the largest bank in Croatia, owned by UniCredit group of Italy. It was the first Croatian bank to become fully privatised in 1989 and the first one to be listed at the Zagreb Stock Exchange in 1995. It is one of 24 compan ...

.Igor Ilic (3 February 2017)
Croatia checking whether central bank governor has conflict of interest
''

''.

References

External links

Biography
at the

website {{DEFAULTSORT:Vujcic, Boris 1964 births Living people University of Zagreb faculty 20th-century Croatian economists Monetary economists Governors of the Croatian National Bank Faculty of Economics and Business, University of Zagreb alumni 21st-century Croatian economists