Croatia and the euro

The European Central Bank (ECB) is expected to inform Bulgaria today that the country is not ready to join the Eurozone at the beginning of 2025, according to Politico. At noon, the European Commission will release reports on the convergence of EU member states planning to adopt the single currency.

The Law on the introduction of the euro could be approved by the National Assembly before the summer concludes, according to acting Deputy Finance Minister Metodi Metodiev's projection today. Metodiev also stated that Sofia is expected to meet the inflation criteria required for Eurozone entry by the year's end, based on the department's models.

A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria. The spread of misleading claims, fueled by cherry-picked data and biased narratives, underscores the complexities surrounding economic discourse and public opinion.

During his visit to Bulgaria, Croatian Central Bank Governor Boris Vujcic reassured that Croatia's transition to the euro did not result in a significant uptick in prices.

Croatia has achieved an unprecedented milestone, becoming the first country to simultaneously join both the eurozone and the Schengen area on January 1, 2023. However, this historic move has sparked mixed sentiments within the nation.

Although the residents of Zagreb complain that everything has become more expensive and many explain the increase in prices with the switch to the European currency, the Croatian National Bank said that the entry into the eurozone did not significantly affect the rise in prices, writes the Belgrade newspaper "Politika", quoted by BTA.

The euro enjoys robust support across the Eurozone, with approval ratings averaging 79%, although opinions vary significantly across member states. According to a recent survey conducted by Ipsos European Public Affairs on behalf of the European Commission, diverse sentiments towards the single currency emerged, especially in Croatia, where skepticism persists.

Croatia's Prime Minister Andrej Plenkovic has announced that fines will be imposed on traders who refuse to return old prices that they unreasonably raised when converting from kuna to euros after the country joined the Eurozone on January 1.

Croatia will finally adopt the euro on 1 January 2023.

This became clear today after the Council of the EU signed the last three legal acts necessary for this purpose.

Croatia plans to replace its national currency, the kuna, with the euro from January 1 next year