30. januar 2024.

EBRD Transition Report for 2023-2024

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 […]
9. novembar 2023.

Meeting with the Prime Minister and Minister of Finance of Montenegro

The formation of a Government that is focused on economic development is a positive signal for the business community and society as a whole. The banking sector will, as far as possible, support the government on the road to economic reforms, said representatives of the Association of Banks at a meeting with Prime Minister of Montenegro Milojko Spajić and Minister of Finance Novica Vuković. At the meeting on 08.11.2023. held in the Government, the Prime Minister familiarized himself with the operations of banks in Montenegro with special emphasis on the existing business barriers which, as announced by the Association, do […]
22. maj 2021.

Pejaković: 15,000 citizens can count on moratorium by year end

By the end of the year, a mandatory moratorium on loan repayment can be expected by 15,000 citizens who lost their jobs since 30 March 2020, while by the end of August there will be a moratorium on legal entities for more than €350m in gross loans, says the president of the Association of Banks, Mr Bratislav Pejakovic. Commenting on the SDP’s proposed law on introducing the absolute moratorium in the next 6 months, he says that this would destroy the liquidity and stability of the banking, financial and economic systems. “The monthly collection of annuities from placed bank funds […]