Our governance structure consists of the Governing Board, Advisory Board, Coordinators and Secretariat. The governance bodies have distinct and complementary goals and responsibilities. We believe close cooperation with stakeholders is important for delivery of high quality capacity development program.

Governing Board

Governing Board is a decision making body of the CEF. It confirms the CEF annual report and financial statements, reviews the progress made and other relevant issues. Members of the Board comprise ministers of finance and governors of central banks from the CEF members (Albania, Bulgaria, North Macedonia, Moldova, Montenegro, Romania and Slovenia). Members of the Board are also 3 representatives of the Advisory Board. Observers of the Board are ministers of finance and governors of central banks from the countries that signed or were invited to accede but have not yet ratified the Agreement. The Board is currently chaired by Mugur Isărescu, Governor of the National Bank of Romania.

CEF 2020 Governing Board Online Meeting

Members of the CEF Governing Board

Anila Denaj, Minister Ministry of Finance, Albania
Gent Sejko, Governor Bank of Albania
Kiril Ananiev, Minister Ministry of Finance, Bulgaria
Nina Angelovska, Minister Ministry of Finance, North Macedonia
Anita Angelovska Bezhoska, Governor National Bank of the Republic of North Macedonia
Serghei Pușcuța Ministry of Finance, Moldova
Octavian Armașu, Governor National Bank of Moldova
Darko Radunović, Minister Ministry of Finance, Montenegro
Radoje Žugić, Governor Central Bank of Montenegro
Vasile-Florin Cîțu, Minister Ministry of Public Finance, Romania
Mugur Isărescu, Governor National Bank of Romania
Andrej Šircelj, Minister Ministry of Finance, Slovenia
Boštjan Vasle, Governor Banka Slovenije
Andreja Jerina Ministry of Foreign Affairs, Slovenia
Birger Nerré Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)
Martin Polónyi, Director General Ministry of Finance, Slovakia

Advisory Board

Advisory Board is an advisory group of experts from our donors and partners. It assists in designing and in coordinating the delivery of activities of the CEF. Up to three representatives of the Advisory Board are members of the Governing Board. The Advisory Board meets annually. The chair of the Advisory Board is Andreja Jerina from the Slovenian Ministry of Foreign Affairs.

Participating institutions at the Advisory Board meeting in 2019

  • Bank of Slovenia
  • Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)
  • Ministry of Finance, the Netherlands
  • National Bank of Belgium
  • Ministry of Finance, Slovakia
  • Ministry of Finance, Slovenia
  • Ministry of Foreign Affairs, Slovenia


CEF Coordinators are our constituency's regional representatives in ministries of finance, tax administrations and central banks responsible for capacity development and are involved in the strategic management of human capital within their respective institutions. As human resources professionals they focus on strategic personnel retention and talent development. The Coordinators meet periodically to discuss our program for the upcoming year. They help us identify the capacity development priorities in the region and set the way forward.

Ministry of Finance, Albania
Gramoz Kolasi Bank of Albania
Eriola Sada General Taxation Directorate, Albania
Sehija Mujkanović Ministry of Finance and Treasury, Bosnia and Herzegovina
Sanela Leto Central Bank of Bosnia and Herzegovina
Denisa Seho Indirect Taxation Authority of Bosnia and Herzegovina
Irma Burzić Tax Administration of the Federation of Bosnia and Herzegovina
Sandra Kovacevic Tax Administration of Republic of Srpska, Bosnia and Herzegovina
Galina Tzekova Ministry of Finance, Bulgaria
Stoyan Bozhkov Bulgarian National Bank
Boryana Yankova-Sharkova National Revenue Agency, Bulgaria
Andrea Kocelj Ministry of Finance, Croatia
Marija Lončar Ministry of Finance, Tax Administration, Croatia
Orhan Devaja Ministry of Finance, Kosovo
Syzana Mahmutaj Central Bank of the Republic of Kosovo
Floransa Sahiti Tax Administration of Kosovo
Jordan Trajkovski Ministry of Finance, North Macedonia
Aleksandra Kacarski National Bank of the Republic of North Macedonia
Marjan Mihajlovski Public Revenue Office, North Macedonia
Tatiana Onici Ministry of Finance, Moldova
Natalia Zabolotnii National Bank of Moldova
Mihai Burunciuc State Tax Service, Moldova
Aleksandra Marković Ministry of Finance, Montenegro
Ana Šćepanović Central Bank of Montenegro
Lidija Šećković Tax Administration of Montenegro
Ministry of Public Finance, Romania
Mugur Tolici National Bank of Romania
Iulia-Mihaela Barbieru National Agency for Fiscal Administration, Romania
Ministry of Finance, Serbia
Bojana Drobnjak National Bank of Serbia
Snezana Ilić Tax Administration, Serbia
Andrej Verhovnik Marovšek Ministry of Finance, Slovenia
Sanja Pregl Bank of Slovenia
Nataša Marušič Kuhar Financial Administration of the Republic of Slovenia
Aydin Baş Ministry of Finance and Treasury, Turkey
Süleyman Kutalmış Özcan Central Bank of the Republic of Turkey


The CEF Secretariat comprises CEF director, staff and experts.