The Central Bank of Montenegro (CBCG) remains continuously committed to implementing reforms that will ensure the stability, transparency, and alignment of the financial system with the best European practices, stated its Governor, Irena Radović, during a meeting with senior representatives of the European Commission (EC).
She mentioned that the CBCG remains dedicated to executing reforms aimed at laying the foundation for sustainable economic growth, full EU membership, and preparing for the future membership of the bank in the European System of Central Banks (ESCB).
Today, Radović met in Brussels with high-ranking officials from the European Commission: Director-General of the Directorate-General for Financial Stability, Financial Services, and Capital Markets Union (DG FISMA), John Berrigan, and Director in the Directorate-General for Economic and Financial Affairs (DG ECFIN), Anika Eriksgard.
During the meeting, Radović presented key activities and priorities of the CBCG in the area of European integration, with a special focus on integrating Montenegro’s financial system into the European regulatory and infrastructural framework.
The CBCG was praised for its progress in aligning the regulatory framework with EU standards, strengthening institutional capacities, modernizing payment systems, and successfully integrating Montenegro into the Single Euro Payments Area (SEPA).
Radović emphasized the importance of these processes in strengthening the competitiveness, security, and efficiency of the financial system, as well as in accelerating Montenegro’s economic convergence with the EU.
EC representatives expressed full support for Montenegro’s reform efforts in the areas of finance and monetary policy, highlighting the importance of continuous dialogue and cooperation between the CBCG and relevant EU bodies.
During their visit to Brussels, the CBCG delegation also met with representatives from the central banks of Belgium and the Netherlands, discussing further strengthening through organizational and functional transformation to fully align with ESCB standards and principles.
Officials from the central banks of Belgium and the Netherlands expressed readiness to continue intensive cooperation and implement concrete projects within the CBCG in the coming period, in partnership with the Eurosystem banks.
