Governor of the Central Bank of Montenegro (CBCG), Irena Radović, stated that aligning with European rules for small economies like Montenegro is not just a technical process but a key to strengthening trust, attracting investments, and creating new opportunities for citizens and businesses.
According to CBCG, Radović participated in the European Forum Alpbach, which gathers leading representatives of international institutions, governments, central banks, the business community, and young leaders to discuss key European and global issues.
Invited by the Governor of the Austrian National Bank, Robert Holzmann, Radović spoke on the panel “The Future of Monetary Policy and Financial Markets in Europe.” Discussions highlighted the multiple challenges central banks face, including geopolitical tensions, climate change, rapid digital transformation, and structural economic shifts. The need for deeper integration of financial markets through completing the Banking Union and the Capital Markets Union, along with simplifying and harmonizing regulations, was emphasized.
Attention was also given to adapting central bank policies to the emergence of private forms of money, such as stablecoins, which can affect traditional channels of monetary policy transmission. The importance of developing credible European digital payment solutions while maintaining financial stability and trust was underlined.
Speaking from the perspective of an EU candidate country, Radović stressed that CBCG reforms in SEPA integration and supervision are aligned with European standards, representing a significant step toward Montenegro’s integration into the EU single market.
On the sidelines of the Forum, she held bilateral meetings with representatives from European central banks, international institutions, and the business sector.
The 2025 European Forum Alpbach, held in Tyrol, Austria, was dedicated to “Recharge Europe,” focusing on strengthening resilience and values amid geopolitical and economic tensions, climate threats, and rapid technological changes. It gathered around 4,000 participants from various sectors to shape sustainable solutions for Europe’s future.
The program covered themes including democracy and the rule of law, climate and digital transition, security, finance, and the economy, with a particular focus on boosting competitiveness and mobilizing private capital for green and digital transformation.
