The Central Bank (CBCG) is giving impetus to integration through the intensive activities it carries out on the plan of further modernization of payment systems and dedicated work on full convergence with SEPA (Single Euro Payments Area) regions in the EU.
“An efficiently integrated payment system compliant with SEPA standards can make Montenegro more attractive for foreign investors and indicate commitment to modern financial infrastructure and ease of doing business”, said Žugić at the opening of the first international conference of Montenegro Financial Markets, which started today in Podgorica.
Apart from the above, as Žugić added, joining the SEPA system will have direct benefits for all citizens of Montenegro.
The two-day conference at the Hilton Hotel, which brought together leading experts from the world of finance from the country, the region and the wider international business community, is organized by the Commission for the Capital Market in cooperation with the Ministry of Finance and the CBCG.
Thanking the CBCG for the opportunity to support the organization of this important international event, Žugić referred to two key topics relevant to the conference, namely the current global economic situation and, in particular, the continuation of the fight against inflation, and the activities aimed at Montenegro’s accession to SEPA system, that is, the single area of ​​payment in euros.
He stated that Montenegro, along with the careful creation and implementation of fiscal and monetary policy, must be absolutely committed to structural reforms, which will contribute to the reduction of barriers to stronger economic growth.
During the two days of the conference, participants will discuss a number of economic topics related, among other things, to the role of asset management companies, the challenges of sustainable finance and the dynamics of the state’s relationship with the capital market.
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