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Thursday, May 22, 2025
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Montenegro’s Central Bank vice governor appointments stall, threatening institutional independence

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The failure to appoint proposed candidates for the positions of vice governors of the Central Bank of Montenegro (CBCG) is seen as a setback for the bank’s full functionality and institutional independence, key aspects of the country’s European integration process, the CBCG Communications Directorate stated.

The candidates, Gordana Kalezić and Milan Remiković, did not receive parliamentary support in the recent vote. Both candidates have strong professional qualifications and, since their nomination in August 2024, no objections have been raised against them.

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Their nomination follows the recent appointment of Irena Radović as governor and continues the process of filling leadership roles based on professionalism and integrity.

The CBCG emphasized the importance of a transparent and competence-based selection process for council members, including vice governors, in accordance with the Central Bank Law and EU principles of central bank independence, as outlined in recent EU economic and financial dialogue conclusions.

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Led by Governor Radović, the Central Bank remains committed to performing its duties responsibly and legally as an independent institution, guided by professionalism, transparency, and the public interest.

Despite current challenges, the CBCG will continue to execute its mandate decisively, respecting the Constitution and legal framework to preserve monetary and financial stability and maintain trust among citizens and international partners.

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