18:01 / 09.10.2021.

Author: Domagoj Ferenčić

Fras: Croatia is making good progress in joining the Eurozone

Vice-governor of the Croatian National Bank Bojan Fras

Vice-governor of the Croatian National Bank Bojan Fras

Foto: Davor Puklavec / PIXSELL

A conference in light of 30 years of Croatian independence, focusing on the economy, was held in Zagreb on Saturday. The central panel discussions dealt with the green and digital economy and Croatia's plans to adopt the Euros in 2023.

Addressing reporters on the margins of the conference the Vice-governor of the Croatian National Bank, Bojan Fras, commented on Croatia’s stated goal of joining the Eurozone in 2023: "The preparations are proceeding very well. As a country, especially the government and the Croatian National Bank, we have already completed a few important steps, from adopting a Euro-strategy in 2017, to the most significant in July of last year, when we joined the Exchange Rate Mechanism II system. So, we are on the right path, we're working diligently, and I think that our partners in the European Union are well aware of that."

Speaking on Croatian Radio recently, the Governor of the Croatian National Bank Boris Vujčić said that the process of adopting the Euro would be complex, noting that it is first and foremost a major logistical operation. He reminded that Croatia will have to replace the Kuna with the Euro and will have to do so on December 31st, 2022: "We have the Kuna, and on January 1st 2023 we’ll have the Euro. In order for that to go smoothly, preparations are needed, and in our case they have already begun. Our target date is January 1st, 2023. If we want to be ready by then, we have a lot of work to do in these 15 months."

Croatia’s other strategic goal, as outlined by the Government of Prime Minister Andrej Plenković, is to join the Schengen Border Area. According to government officials that plan is also moving ahead according to plan.

Source: HRT

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