Radović: Montenegro shows that European integration is a process that brings institutional and economic results

The Governor of the Central Bank of Montenegro (CBCG), Irena Radović, held a series of meetings in Brussels with senior representatives of European institutions, as part of the intensive dialogue between the supreme monetary institution and European partners on Montenegro's further rapprochement with the European Union (EU).

At the meeting with the European Commissioner for Economy, Productivity, Implementation and Simplification, Valdis Dombrovskis, the importance of continuing reforms that contribute to the stability and resilience of the financial system and the further integration of Montenegro into the European economic and financial framework was emphasized.

Radović emphasized that the CBCG continues to deliver concrete results in the European integration process, especially through activities related to alignment with the EU acquis, modernization of the payment infrastructure, and preparations for future integration into the European System of Central Banks.

During the meeting with the Director of the European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), John Berrigan, further harmonization of Montenegro's regulatory framework with European standards, as well as preserving financial stability in the country, was discussed.

"It was particularly emphasized that joining the SEPA area and the announced TIPS Clone project are concrete results that confirm the European direction of reforms and bring measurable benefits to citizens and the economy even before Montenegro's full membership in the EU," the Central Bank of Montenegro announced.

Radović also met with Thomas Weiz, Member of the European Parliament and Chair of the European Parliament Delegation to the EU-Montenegro Stabilisation and Association Parliamentary Committee. The conversation was dedicated to Montenegro's European path, the importance of institutional independence and the role of the Central Bank of Montenegro in fulfilling obligations from the negotiation chapters that are relevant to the financial sector.

"Montenegro is showing that European integration is not just a political goal, but a process that is already bringing concrete institutional and economic results. The Central Bank of Montenegro remains fully committed to preserving financial stability, accelerating reforms and fully preparing for future membership in the European Union," said Radović.

During her stay in Brussels, Radović also met with the President of the Eurogroup and the Minister of Economy and Finance of Greece, Kyriakos Pierakakis.

Pierakakis emphasized the exceptional support of his home country for the continuation of Montenegro's European path and the completion of the negotiation process.

The meeting concluded with the message that Montenegro continues to progress through reforms and European integration, at a time when the enlargement process has particular strategic importance for the EU.