---

17/02/2011

The Governor of the Central Bank of Montenegro, Mr. Radoje Žugić has met today with Mr. Leopold Maurer, the Ambassador and the Head of Delegation of the European Union to Montenegro.

The Governor showed appreciation to Mr. Maurer for intensive cooperation, especially pointing the importance of the Twinning Project financed from the EU Instrument for Pre-accession, which is aimed at improving the efficiency of institutional and regulatory capacities of financial regulators in function of supervising financial markets in compliance to the EU legislation.

The discussions were held on the state of affairs in the banking system, as well as on financial and economic criteria that the EU had set to Montenegro, and consequently to the CBM as an institution with the key role in the economic policy of Montenegro.

The Governor emphasized that the CBM is well aware of its obligations in the European Integrations process, hoping that the most of these obligations will be met in the coming period.

Mr. Maurer expressed the openness of the European Union delegation for further communication and cooperation.