April 12, 2024
At the invitation of representatives of the World Bank (WB), representatives of UBCG attended on April 11, 2024. at the presentation of the regular economic report for the countries of the Western Balkans. As stated in the report, economic activity after the pandemic was an average of 8.5 percent in the period 2021-2023, while growth of 3.4 percent is expected in Montenegro this year, and 2.8 percent in the next. As stated in the report, the new EU Growth Plan for the Western Balkans provides an opportunity to stimulate economic growth through reforms and investments, especially in the green economy. […]
February 5, 2024
February 5 and 6, 2024. a two-day workshop was held on the occasion of the implementation of PSD2 in the Montenegrin banking system. Employees of all banks and representatives of the Central Bank of Montenegro were invited to the workshop. The topics of the workshop are related to the modernization of the payment system in Montenegro, with a focus on the PSD2 regulation, but also the process of joining the SEPA area and the instant payment system, open banking and APIS, technical, legal and organizational preparation for application, etc. It is intended primarily for the private sector in Montenegro, i.e. […]
February 2, 2024
31.01.2024. A meeting was held in UBCG with the IFC representative for the region. At the meeting, it was emphasized that the goal of the IFC is to encourage inclusive growth and productivity of the private sector, as well as environmental sustainability and climate resilience in Montenegro amid the great economic challenges the region is facing. One of the focuses in the coming period is business transformation and capacity building regionally in Bosnia and Herzegovina, Serbia and Montenegro. The announced role of the WB team will have the support of the IFC, and the focus is on fiscal strategy, business […]
January 30, 2024
At the invitation of the EBRD, representatives of UBCG attended the presentation of the Transition Report for 2023-2024. The key priorities for Montenegro this year should be systemic measures that will support medium-term fiscal sustainability, strengthening the business sector in order to attract investments and a greater green transition. EBRD Regional Economist Peter Tabak stated that the steps for convergence of smaller countries with European ones are better management (administrative reform), increased openness and green transition. He pointed out that Montenegro has low labor productivity compared to the European Union (EU), whose level has hardly changed since 2001, and not […]
