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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 ]
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 ...
During June 2011 Croatia began with implementation of the projects and reforms required to join the Schengen Area by 2015. [79] By joining the Schengen Area, border checks will be eliminated at the land border with Hungary and Slovenia , as well as at airports and ports for flights and ships to/from Schengen member states, thus facilitating the ...
The United Kingdom, which had refused to join as a founding member, changed its policy following the Suez crisis and applied to be a member of the Communities. Other EEC members were also inclined to British membership on those grounds. French President Charles de Gaulle vetoed British membership. [20]
Plenković has faced accusations of corruption as Croatia, a European Union and NATO member, struggles with the highest inflation rate in the eurozone, a labor shortage and a surge in migration.
The Treaty of Accession 2011 is an agreement between the member states of the European Union and Croatia concerning Croatia's accession to the EU. It was signed on 9 December 2011 in Brussels by the heads of state or government of the 27 member states and by the president of Croatia, Ivo Josipović, and Prime Minister Jadranka Kosor. [2]