July 6, 2018 / 10:07 AM / 3 months ago

Croatian lawmakers to vote on new central bank governor next week

ZAGREB, July 6 (Reuters) - The Croatian parliament will vote next week on a proposed new governor of the central bank, a senior parliamentary official of the ruling HDZ party said on Friday.

The six-year term of the current governor, Boris Vujcic, expires on July 8. Parliament will elect the new governor, his deputy and three vice-governors whose terms in office also expire this month.

“The consultations on the new governor and his aides are going on. Later today or on Monday at the latest we will have the names of the candidates and will vote on the proposals next Friday,” said Branko Bacic who leads the HDZ parliamentary group.

Vujcic has been named by local media as a candidate for a new term in office, but some other names have also been floated. Among them are Energy Minister Tomislav Coric and former Economy Minister Martina Dalic, who resigned in May.

“I don’t want to talk about the names of the candidates before we agree on that with our coalition partners,” Bacic said, but he confirmed that Vujcic was among those under consideration.

The conservative HDZ party runs the ruling coalition together with the liberal HNS party and representatives of national minorities.

From Monday until the election of the new governor, the central bank will be run by Vujcic’s deputy, Relja Martic.

The central bank’s monetary policy largely revolves around keeping the national currency, the kuna, stable against the euro in a managed float regime. The bank occasionally intervenes to curb stronger rate movements, and the kuna effectively floats at between 7.3 and 7.7 to the euro.

One of the key tasks of the new governor will be preparations for adopting the European Union’s single currency, the euro, which the government set as its major economic goal in the next few years.

Reporting by Igor Ilic, editing by Larry King

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