Zdenek Tuma

Czech Vaclav Klaus and CNB Tuma fail to agree

Czech opposition Civic Democratic Party leader Vaclav Klaus and central bank governor Zdenek Tuma today failed to reach agreement on the method of CNB's communicating with other state bodies, Klaus told journalists after the meeting.

Salaries of CNB chiefs down almost 50%

The salaries of members of the Czech National Bank board will be lowered to almost one half starting next year as a result of the new amendments to the law on the central bank.

CNB chief, deputy minister assess joining Eurozone

The date of the Czech Republic joining the European monetary union remains unclear. It depends on the speed of the Czech Republic moving closer to the EU, on political decisions and on the harmonisation of legal systems. This was stated by Czech National…

Amended CNB law worsens EU accession chances

The Chamber of Deputies today did not identify itself with the arguments of the European Commission and decided that the controversial amended law on the Czech National Bank will take effect on 1 January 2001, central bank spokesman Milan Tomanek told…

Czech govt recognises Tuma as c.bank head-for now

The Czech government agreed on Monday to recognise last week's appointment of Zdenek Tuma as the country's central bank governor for the time being, easing tensions over the naming by President Vaclav Havel last week.

Lawyers dispute over PM's decision on new CNB head

The possibility that the appointment of the new Cezch central bank governor must be blessed by the prime minister has given rise to disputes among experts, who are not able to reach agreement on whether the counter-signature of a cabinet member is…

CNB dispute may damage central bank's independence

The Czech government on Wednesday refused to approve the president's appointment of Zdenek Tuma as governor of the Czech National Bank, escalating a dispute that could damage the stability and independence of the central bank, The Financial Times writes…

New Czech central bank head faces political row

Czech President Vaclav Havel chose Zdenek Tuma as the country's new central bank governor on Friday, setting up a showdown between Tuma and the government over future interest rate policy.

Zdenek Tuma likely to become new CNB chief

Zdenek Tuma will become the head of the Czech National Bank, according to information published in today's daily press, replacing Josef Tosovsky who moves to the BIS Financial Stability Institute as of December 1.