BRUSSELS – On Monday, Croatian National Bank Governor Boris Vujčić received backing from eurozone finance ministers for the position of Vice-President of the European Central Bank, with the subsequent steps leading to his formal confirmation regarded as a formality.
Vujčić secured this support during a meeting of finance ministers from the 21 eurozone member states, and now it is up to the finance ministers of all 27 EU states to recommend him to the European Council, which will make the final decision.
He was among six candidates vying for the Vice-President role, which will be vacated by Spaniard Luis de Guindos in May.
Croatian Finance Minister Marko Primorac stated on Monday that the election of HNB Governor Boris Vujčić as Vice-President of the European Central Bank represents significant recognition for him personally and for Croatia as a whole.
“Given his reputation in international financial circles, extensive expertise, and years of experience, he is a candidate who can significantly contribute to the European Central Bank’s operations. This is a major success not only for Boris Vujčić but also for the Republic of Croatia,” Primorac remarked following the eurozone finance ministers’ meeting.
Primorac added that Vujčić was elected by acclamation after several voting rounds.
Eurogroup President Kiriakos Pierakakis announced on Tuesday, prior to the Economic and Financial Affairs Council (Ecofin) meeting, that the Eurogroup would inform Ecofin of its decision.
Ecofin is expected to issue a formal recommendation to the European Council, which will confirm Boris Vujčić’s election after discussions with the European Central Bank and the European Parliament.
The European Council is anticipated to ratify this decision at the summit in March, with Vujčić expected to assume his duties on June 1. (19 January 2026)
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