The Istanbul Stock Exchange, as currently the largest shareholder of the Montenegro Stock Exchange with the right to manage it, recognized the potential for a stronger development of the capital market and wants to help Montenegro on that path, announced the Assistant Director General of the Istanbul Stock Exchange, Güzhan Gülay.
“In that direction, we are ready to, through the transfer of knowledge, experience and technology, help the Montenegro Stock Exchange and the development of the Montenegrin capital market,” said Gülay at a meeting with the Governor of the Central Bank (CBCG), Radoj Žugić.
The interlocutors, as announced by the CBCG, agreed in the assessment that Turkey and Montenegro have very good overall relations and economic cooperation that is on the rise. The CBCG said that Turkish investors are increasingly interested in investing in Montenegro, which is confirmed by the data on foreign direct investments from this country.
According to preliminary data, the total inflow of foreign direct investments from Turkey last year amounted to EUR 78 million. Žugić introduced the interlocutors to the situation in the banking sector and the activities carried out by the CBCG in the direction of strengthening financial stability.
The interlocutors expressed the expectation that the cooperation between the two countries will be further improved in the coming period and agreed to continue communication. The meeting was also attended by the advisor for trade relations at the Embassy of Turkey in Montenegro, Erdal Karaömeroğlu.
Sign up for business news updates & special reports.
