Meeting between CMA and EBRD

A significant meeting was held on November 16, 2023, between representatives of the Capital Market Authority of Montenegro (CMA) and the European Bank for Reconstruction and Development in Montenegro (EBRD). This meeting represents an important occasion for Montenegro's financial infrastructure. The collaboration of these prominent institutions signifies a major step forward in aligning Montenegro's capital market with international standards and enhancing its appeal to global investors. This meeting's insights and discussions are crucial in identifying significant areas for development and investment, vital for the national economy's future prosperity, and a monument to the country's dedication to economic modernization and integration into the global financial system.
The meeting, which took place at the premises of the EBRD, focused on the current situation in Montenegro's capital market, the challenges faced, and the opportunities for growth.
In attendance were Remon Zakaria (Head of EBRD in Montenegro) and Selma Demirovic (Associate Banker in EBRD Montenegro), Mr Gary McLean (Principal, Capital & Financial Markets Development EBRD London), Mr. Željko Drinčić (Chairman of the CMA), and Anja Draško (Public Relations Officer in CMA).
The meeting's key discussion subjects covered the present situation of the Montenegrin capital market, identification and discussion of the issues and challenges encountered by market participants, and opportunities for growth. It was agreed by both sides that exploring new strategies and initiatives for the sustainable development of the capital market would create a positive environment and attract more participants to the market.
Future initiatives and legislative changes are expected to help overcome these challenges, improve development, and maintain capital market stability. The commitment of all participants at the meeting is acknowledged, and there is a general anticipation of positive outcomes that will undoubtedly contribute to the continued progress of Montenegro's capital market.