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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 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 ...
2007 saw Slovenia adopt the euro, [41] Malta and Cyprus in 2008, [42] Slovakia in 2009, Estonia in 2011, Latvia in 2014, Lithuania in 2015 and Croatia in 2023. However trouble developed with existing members as the eurozone entered its first recession in 2008. [43]
GDP growth in Croatia increased by hitting record high 10.4% after contracting 8.1% in 2020 2022 12 July European Union formally approved Croatia to become 20th Eurozone member by start of 2023 2022 5 September 2022-31 December 2023 Croatia needs to show prices in both kunas and euros 2022 1–31 December
The collective presidency was abolished in favor of the post of President of the Republic of Croatia with the adoption of a new constitution on 22 December 1990. The Croatian Parliament then declared independence on 25 June 1991, when Tuđman formally became the first president of an independent Croatian nation under the name the Republic of ...
Voters in Croatia had also voted for the Croatian Parliament in April and European Parliament in June. [13] The first round was planned for December 2024, but on 15 March 2024 incumbent president Zoran Milanović announced he would run as a candidate of the Social Democratic Party of Croatia (SDP) for the position of prime minister. [14]
The president of Croatia is the commander-in-chief of the armed forces of the Republic of Croatia and appoints and relieves military commanders of duty, esp. the chief of general staff, conforming to applicable legislation. The President confers ranks on (and promotes) commissioned officers and generals/admirals, upon minister's proposal.
The most recent enlargement of the European Union saw Croatia become the European Union's 28th member state on 1 July 2013. The country applied for EU membership in 2003, and the European Commission recommended making it an official candidate in early 2004. Candidate country status was granted to Croatia by the European Council in mid-2004. The ...