141 More than nine years after Croatia became the European Union’s newest member, the country is on a roll to make the most of its status as the EU member in the Balkans and adopt Euro as its official currency on 1 January 2023. Croatia is adopting the EU’s common currency, the Euro, and joining the Schengen Area, Europe’s visa-free travel area, on Jan 1, 2023. Officials in the small nation of 4 million people predict the developments will be remembered as one of the country’s biggest achievements since it gained independence during the breakup of Yugoslavia 31 years ago. Adopting the euro offers economic benefits stemming from deeper financial ties with the currency’s 19 other users and with the European Central Bank. It also means that the 340 million people who live in the current eurozone no longer will need to exchange their euros for Croatian kuna and can enter the country known for its stunning Adriatic coastline without stopping at border controls. You Might Be Interested In Djibouti to Expand Affordable Housing Access with New World Bank Project Global Billionaires Urge Higher Taxes on Wealth at World Economic Forum Prudential Closes Hong Kong Wealth Management Unit Pulse Australia’s Central Bank Maintains Steady Rates with a Persistent Hiking Bias Biden-backed economic corridor should not exclude anyone Farmers Insurance Appoints John Griek as Chief Financial Officer
