Showing posts with label public trust. Show all posts
Showing posts with label public trust. Show all posts

Thursday, June 19, 2025

Banking on Integrity: Should Slovakia’s Central Bank Governor Stay in Office?

At the end of May, the Special Criminal Court in Slovakia found Peter Kažimír, the current governor of the Slovak National Bank (NBS), guilty of bribery committed during his tenure as Minister of Finance. Kažimír allegedly bribed František Imrecze, then head of the Financial Administration, to expedite tax proceedings concerning VAT refunds for a group of companies. Kažimír was fined 200,000 EUR. The court ruled that he would face a one-year prison sentence should he fail to pay the fine, but the conviction is not yet final.[1]

This decision marks a significant moment in Slovakia’s ongoing struggle with corruption and its institutional implications. Based on Transparency International data, Slovakia is at the tail of the perception of corruption, and the situation has deteriorated since the government of PM Fico returned to power. [2]