June 1, 2022

EC: Croatia Ready to Adopt the Euro

On 1st of June 2022, the European Commission assessed in its 2022 Convergence Report that Croatia fulfils all the criteria for joining the euro area and proposed to the Council that Croatia adopt the euro on 1st of January 2023.

The Council will make the final decision on the adoption of the euro in Croatia in the first half of July this year, following the necessary procedures and discussions in the Eurogroup and in the European Council, and after the European Parliament has given its opinion.

Croatia joined the European Union on 1st of July 2013 and has been in exchange rate mechanism (ERM II) since 10th of July 2020.