News
Croatia one step closer to introducing the euro as an official currency
Summary
The Croatian Government adopted the Report on the Implementation of Activities from the Action Plan for the Participation of the Republic of Croatia in the European Exchange Rate Mechanism (ERM II) for the period from July 2020 to March 2022, confirming that all nine measures have been implemented in four areas:
- strengthening the anti-money laundering framework,
- cheaper and simpler business environment,
- improved management of state-owned enterprises, and
- strengthening the bankruptcy framework
Content
Following Croatia's accession to the European Exchange Rate Mechanism II (ERM II) on 10 July 2020, the government has committed itself to implementing a series of reforms through the Action Plan.
According to the Croatian Prime Minister, all the necessary activities in all relevant areas were undertaken and all relevant departments achieved set goals by the deadline which was March 31, 2022.
"I think we are giving another message to the credibility of our reform efforts so that final decisions on Croatia's membership in the eurozone can be made in the middle of this year, in June and July," the Prime Minister said.
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