General

On the 12th local time, the European Council approved Croatia to use the euro from January 1 next year, thus completing all statutory approval procedures at the EU level. Croatia will become the 20th member of the Eurozone.

The European Commission stated in the "2022 Convergence Report" released on June 1 this year that after evaluation, Croatia, Bulgaria, Czech Republic, Hungary, Poland, Romania and Sweden and other EU member states applying to join the euro area, Croatia is the only one. A country that meets all four related criteria of price stability, public finances, exchange rates and long-term interest rates. To this end, the European Commission proposed to approve the use of the euro in Croatia from next year.