11. jul 2023.

MEETING WITH SEPA REPRESENTATIVES

The nominated project at the European Commission for the analysis of non-compliance of Montenegrin regulations with SEPA requirements resulted in the selection of consultants for technical assistance with experience in the implementation of this process for earlier requests to the EU in the process of European integration. In accordance with the previous 11.07.2023.god. UBCG hosted the selected experts, where we got to know roughly the deadlines and plans for implementation. The initiative should be implemented as an official request by the second half of December 2024. The meeting discussed challenges for banks, ongoing processes, PSD2, familiarization of the system with the SEPA rulebook, […]
28. april 2023.

Digital currencies of central banks and block chain technology

  Representatives of the UBCG as a partner of the CBCG in the process of digitization of financial services were invited to the presentation and workshop of Ripple from the USA. The rise of contactless transactions, e-commerce, smartphone payments or QR code scanning, as well as the growing popularity of biometrics, confirm that digitization is not just a convenient add-on for consumers, but a vital part of economic recovery. The initiative of the Central Bank of Montenegro is a step further, and is reflected through cooperation with the company Ripple in order to develop a strategy and implement a pilot […]
28. april 2023.

EBRD Transition Report for 2022-23 “Unusual Business”

A global pandemic, supply-chain disruption, extreme weather, war in Europe, forced migration on a massive scale, rocketing gas prices, high inflation, debt burdens, reshoring, friendshoring… It is clear that there will be no going back to the pre-pandemic “business as usual”. The EBRD Transition Report 2022-23, examines the tectonic changes that the EBRD regions face and presents a wealth of analysis to inform public policy and business decision-making. The report states that Montenegro returned the amount of GDP to the pre-pandemic level, as well as that it had the highest growth rates in the Western Balkans region. The risks for […]
20. mart 2023.

GLOBAL MONEY WEEK

Association of Banks of Montenegro in Global Money Week Global Money Week is an annual planetary celebration, launched by Child’Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and young people to learn about money, saving, creating livelihoods, employment and becoming entrepreneurs. This year’s European Money Week lasts from 20-26. March, in order to improve the level of financial literacy through financial education and enable children, young people and citizens to acquire financial competence, necessary in everyday private and business life. From year to year, the activities are thematically aligned with the current circumstances […]
26. oktobar 2022.

Saving for the future – Association of Banks of Montenegro

The Association of Banks of Montenegro, in preparation for the savings week, announces an educational visit to the Njegoš elementary school in Cetinje and the Slobodan Škerović high school in Podgorica. The World Savings Day was established on October 31, 1924 in Milan, at the first International Congress of Savings Banks, and on the initiative of the Italian professor Filippo Ravizzo with the desire to highlight the value of saving both for the individual and for overall economic progress. In this way, the Association of Banks of Montenegro wants to emphasize the importance of financial literacy, from understanding terms, financial […]
25. oktobar 2022.

REPORT FOR THE COUNTRIES OF THE WESTERN BALKANS

24.10.2022. At the invitation of the WB representative in Montenegro, the General Secretary of the UBCG attended the presentation of the regular economic report for the countries of the Western Balkans. The report, the 22nd in a row, is entitled “After the crisis”, and it refers to recent economic developments in Albania, Bosnia and Herzegovina (BiH), Montenegro, Kosovo, North Macedonia and Serbia. The report was presented in Podgorica by senior economist Mark Tobias Schiffbauer and World Bank economist in Montenegro, Milan Lakićević, who will briefly explain the issues highlighted in the report that are of particular importance for Montenegro. This […]
13. oktobar 2022.

A MEETING WAS HELD WITH EBRD REPRESENTATIVES

October 13, 2022. a meeting was held in the Association of Banks of Montenegro with Oksana Pak, recently appointed as the head of the Access to Finance and Entrepreneurship Pillar within the Gender and Economic Inclusion Team of the European Bank for Reconstruction and Development (EBRD).   The meeting was also attended by Marija Risteska and Marija Dragojević, advisers on the project in Montenegro. We have discussed the possibilities of overcoming barriers related to starting and improving businesses owned by women, which are related to: lack of money and favorable financing (crediting) models, lack of tax benefits in the first years of […]