| Central bank: New banking law contrary to international standards |
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| Thursday, 15 May 2008 20:46 | ||||
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Amendments to the Law on Banks that were enacted in February have reduced the authority of the Central Bank of Montenegro (CBCG) in some important supervisory aspects of its mandate and have resulted in unnecessary discord with European Union directives and international standards, says a representative of the Bank. Ljubiša Krgović said that it is possible that some amendments were made at the behest of bank investors. “In the banking sector, such an approach implies a higher risk for depositors and creditors because bank shareholders make decisions and dispose of other people’s funds,” according to their desire to gain the largest return on investment, Krgović said. The Law on Banks was adopted by the ruling Democratic Party of Socialists (DPS). The revised Law incorporates 24 amendments presented by the DPS. Representatives of opposition parties severely criticized the amendments.
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| RegionBulgaria takes a step towards US visa-free travelTuesday, 01 July 2008 | AdministratorA preliminary agreement under the US Visa Waiver Programme was among the deals signed during Bulgarian Prime Minister Sergey Stanishev's three-day official visit to the United States, which ended on Wednesday, June 18.
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RegionMurder he wrote - Suspected Macedonian serial killer was crime reporterTuesday, 01 July 2008 | AdministratorIn a bizarre case of life imitating art, Macedonian journalist, Vlado Taneski was recently arrested for having committed two of the murders he was covering for the daily paper, Utrinski Vesnik in the town of Kicevo, southwest of Skopje.
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