Governor Radović Meets with European Commission Representatives: Strong Support for Integrating Montenegro’s Financial System into the European Framework
12/05/2025
The CBCG Governor, Irena Radović, met today in Brussels with senior officials of the European Commission, including John Berrigan, Director General of the Directorate‑General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) and Anika Eriksgaard, Director within the Directorate-General for Economic and Financial Affairs (DG ECFIN).
During the meeting, Governor Radović outlined the key activities and priorities of the CBCG about European integration, specifically focusing on integrating Montenegro’s financial system into the European regulatory and infrastructural framework.
The CBCG received praise for its progress in harmonising the regulatory framework with European Union standards, enhancing institutional capacities, modernising payment systems and successfully integrating Montenegro into the Single Euro Payments Area (SEPA). The Governor stressed the significance of these processes for strengthening Montenegro’s financial system’s competitiveness, safety and efficiency and accelerating economic convergence with the EU.
Governor Radović stated, “The CBCG remains fully committed to implementing reforms that will ensure the stability, transparency and compliance of the financial system with the best European practices. Our aim is to create a foundation for sustainable economic growth, full membership in the European Union, and preparation for the CBCG’s future membership in the European System of Central Banks (ESCB).”
European Commission representatives strongly supported Montenegro’s efforts in the finance and monetary policy sectors, highlighting the importance of ongoing dialogue and cooperation between the CBCG and relevant EU authorities.
As part of the visit to Brussels, the CBCG delegation also met with representatives from the central banks of Belgium and the Netherlands. During the meeting, they discussed further strengthening the CBCG through organisational and functional transformation, aiming for full alignment with ESCB standards and principles. The representatives from the Belgian and Dutch central banks showed their willingness to continue intensive cooperation and engage in specific projects to be implemented at the CBCG in the near future in partnership with Eurosystem banks.