The Committee proposed that Backović, Milić, Orahovac and Hadžić be appointed to the Council of the Central Bank of Montenegro.

The Committee on Economy, Finance and Budget has proposed to the Parliament of Montenegro to appoint Tamara Backović, Srđan Milić, Šućo Orahovac and Ismet Hadžić to the Council of the Central Bank of Montenegro (CBCG).

This is the epilogue of today's vote on candidates for the Council of the supreme assembly institution.

Backović and Milić received the support of nine MPs, while Orahovac and Hadžić received eight votes. Candidates Zarija Pejović and Mladen Bojanić received one vote of support each.

The session also included a debate between the parliamentary majority and the opposition, with opposition MPs criticizing the lack of dialogue, sufficient transparency and respect for EU principles in the candidate selection process. The Democratic Party of Socialists stated that they would not attend the vote for this reason.

The importance of the appointment of the CBCG Council was also pointed out by the European Commission in the Progress Report on Montenegro, namely that the appointments of four members have been significantly delayed, which creates institutional instability and makes the functioning of monetary authorities more difficult.

The CBM Council has not been functioning in full since December 2019, when it was Zorica Kalezić elected as vice governor instead of the current governor Irene Radović, who was previously removed from the position of vice governor at the request of the then governor Radoje Žugić.

The Council of the Central Bank of Montenegro has eight members - the Governor, three Vice-Governors and four members who are not employees of the Central Bank of Montenegro, appointed by the Parliament. The mandate of the Council members lasts six years and they can be appointed for a maximum of two consecutive terms.

According to the Law on the Central Bank of Montenegro (Article 51, paragraph 2), a member of the Council may not be a member of a political organization, a member of the Parliament, a member of the Government or a person who performs any other function or duty to which he or she was appointed by the Parliament or the Government, except for a function or duty in international financial institutions, and may not be a person who performs a function or duty in local self-government bodies or bodies of trade union organizations.