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The EC report noted progress in Chapter 4 – Free movement of capital

“In Chapter 4 – Free movement of capital, clear progress has been made in regulatory and conceptual terms, which was stated in the Report on Montenegro for 2021, which gives citizens better conditions for using payment services in Montenegro through a high level of alignment with the EU acquis. “, said the head of the Working Group for that chapter, Marijana Mitrović Mijatović, at the constitutive session of the Working Group for that chapter held today.

She emphasized that alignment with European legislation in this area will further increase transparency and competitiveness in the market, better information and consumer protection, create conditions for innovation in the electronic payments market, provide more secure payments and introduce new payment service providers. In final it will give result in a reduction in payment costs and lead to ultimate building benefits and these are lower fees and commissions for payment services. In addition, as she stressed that, by joining the EU, citizens will receive the same conditions and tariffs for the use of payment services as in the member states, which will give the use of the Euro its full use value.

By joining the single market in the area of freedom of movement of capital, Montenegro will further advance the status of an attractive destination for foreign investors by removing existing administrative and regulatory barriers, which will increase competitiveness, create additional inflow of healthy capital into our market and open “doors” new investments in various sectors, and thus positively influence the making of new jobs,”said Mitrovic Mijatovic.

The members of the Working Group reviewed the current and planned activities within the Roadmap for fulfilling closing benchmark in this chapter and agreed on the dynamics of fulfillment of obligations in the upcoming period.

The working group for Chapter 4 was formed on October 4 and has 20 members.

GENERAL SECRETARIAT OF THE GOVERNMENT OF MONTENEGRO
SECTOR FOR INFORMING THE PUBLIC ABOUT THE EU AND THE EU ACCESSION PROCESS 

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