Croatia passes law paving way for switch to euro currency

Robert Besser
15 May 2022, 19:43 GMT+10

Croatian lawmakers have voted to allow the introduction of the euro currency in 2023.
Lawmakers voted 117-13 to replace the Croatian kuna with the euro on Jan. 1, 2023.
Croatia became part of the European Union in 2013, but continues to have among the weakest economies in the bloc.

ZAGREB, Croatia: Croatian lawmakers have voted to allow the introduction of the euro currency in 2023.

Lawmakers voted 117-13 to replace the Croatian kuna with the euro on Jan. 1, 2023.

Croatia became part of the European Union in 2013, but continues to have among the weakest economies in the bloc.

Right-wing parties in the Croatian parliament opposed the introduction of the euro. Meanwhile, it was announced that both the kuna and Euro will be accepted as currency during the initial months of the change-over.

Advocates for changing over to the Euro noted that Croatia is dependent upon tourism and acceptance of the Euro will make visiting Croatia easier.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

27 ℃

Mostly Cloudy in Seletar

Business

Section

Poland tells banks to give savers higher interest or expect more taxes

WARSAW, Poland: As Poland's main interest rate remains at its highest level since 2008, boosting the profits of Polish banks, ...

Asian stocks in major slide, Nikkei 225 drops 316 points

SYDNEY, NSW, Australia - Stocks across Asia lost ground on Wednesday, although the New Zealand market defied the regional trend ...

EasyJet boss quits due to flight cancellations

LONDON, England: After EasyJet canceled thousands of flights this summer to limit the disruption caused to passengers from both air ...

Chip shortage causes GM to store 95,000 incomplete cars

DETROIT, Michigan, global shortage of computer chips, vehicles, Detroit automaker, General Motors, GM's total salesDETROIT, Michigan: The global shortage of ...

Greenback soars as oil plunges below $100 a barrel, U.S. stocks mixed

NEW YORK, New York - U.S. stocks gyrated on Tuesday, with major indices tumbling more than two percent before regaining ...

India prohibits use of single-use plastic in bid to reduce litter

NEW DELHI, India: To combat worsening pollution, India, the world's second most populous country, has banned single-use plastic items, ranging ...

Engineering

Section