Central bank board member Makuch likely to become governor

Jozef Makuch, a member of the bank board of the National Bank of Slovakia (NBS), is likely to become the bank's new governor, after the government approved his proposed appointment on Wednesday, December 9, Prime Minister Robert Fico's spokesperson Silvia Glendová said. Makuch's nomination must now be approved by Parliament, before President Ivan Gašparovič has the final say on his appointment. The new governor, who is 56 years old and has been on the NBS bank board since January 2006, will replace Ivan Šramko, whose term in office expires later this year. Parliament approved an amendment to the NBS Act in early November whereby changes to the functioning of the bank's board were introduced. As a result, the board will only have five members instead of the current 11. The board's members are now also eligible for appointment to the board for an unlimited number of terms, instead of the previous maximum of two. The NBS governor and vice-governor will be able to serve two terms at most, rather than one, as was previously the case. The changes had prompted media speculation that they were designed to pave the way for Šramko’s re-appointment to a second term.

Jozef Makuch, a member of the bank board of the National Bank of Slovakia (NBS), is likely to become the bank's new governor, after the government approved his proposed appointment on Wednesday, December 9, Prime Minister Robert Fico's spokesperson Silvia Glendová said. Makuch's nomination must now be approved by Parliament, before President Ivan Gašparovič has the final say on his appointment.

The new governor, who is 56 years old and has been on the NBS bank board since January 2006, will replace Ivan Šramko, whose term in office expires later this year. Parliament approved an amendment to the NBS Act in early November whereby changes to the functioning of the bank's board were introduced. As a result, the board will only have five members instead of the current 11. The board's members are now also eligible for appointment to the board for an unlimited number of terms, instead of the previous maximum of two. The NBS governor and vice-governor will be able to serve two terms at most, rather than one, as was previously the case. The changes had prompted media speculation that they were designed to pave the way for Šramko’s re-appointment to a second term.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.