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 […]
December 26, 2023
The Central Bank (CBCG), in cooperation with the Association of Banks (UBCG), organized a meeting with representatives of commercial banks, where it presented key aspects of the upcoming implementation of the Bank Recovery and Rehabilitation Directive (BRRD 2). In the process of harmonizing with the European regulatory framework, the CBCG amended the Law on the Rehabilitation of Credit Institutions, as well as the Law on Bankruptcy and Liquidation of Banks. After receiving the evaluation of these documents by the European Commission, the CBCG expects that they will begin to be applied in Montenegro in the first months of 2024. The […]
November 24, 2023
On Thursday, 23.11.2023, the SWIFT User Group meeting was held, first direct one after the covid crisis period, when only online meetings were held. This was an excellent opportunity to have a visit and presentation of the Regional SWIFT Director for Montenegro Mr Borko Beslin, as well as the representative of SWIFT Business Partner CIS Mr Bogdan Belic. The meeting was an excellent opportunity to discuss all current topics through the presentations given by Mr Beslin and three SWIFT experts via video-link, as well as through the talks with banks’ representatives. Since certain new mandatory products have recently been announced […]