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Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone.A fixed conversion rate was set at €1 = kn 7.5345 [1]. Croatia's previous currency, the kuna (Croatian for marten), used the euro (and prior to that one of the euro's major predecessors, the German mark or Deutsche Mark) as its main reference since its creation in 1994, and a long-held ...
The accession of Croatia to the European Union was completed in 2013. Croatia first hosted the rotating Presidency of the Council of the European Union in the first half of 2020. The country adopted the euro as its currency and joined the Schengen Area in 2023. [1]
Interest in joining the eurozone increased in Denmark, and initially in Poland, as a result of the financial crisis of 2007–2008. In Iceland, there was an increase in interest in joining the European Union, a pre-condition for adopting the euro. [ 39 ]
Croatia and Bulgaria took a big step toward joining the shared euro currency Friday, underlining the currency bloc's attraction despite its 2010-2015 debt crisis and the continuing debate about ...
Croatia finished accession negotiations on 30 June 2011, [1] and on 9 December 2011, signed the Treaty of Accession. A referendum on EU accession was held in Croatia on 22 January 2012, with 66% of participants voting in favour of joining the Union.
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
In the wake of Greece's debt crisis, the economic union of the European countries that share the euro as their common currency has been tested as never before. Some have suggested that the debacle ...
Following this, Romania and Bulgaria, deemed as not fully ready by the commission to join in 2004, acceded instead on 1 January 2007. These, like the countries joining in 2004, faced a series of restrictions as to their citizens not fully enjoying working rights on the territory of some of the older EU members until 2014. [71]