Banking & Financial Services updates

Croatia

Contributed by Macesic & Partners
Croatia reaches major milestone for admission into eurozone
  • Croatia
  • 20 October 2020

Seven years after its accession to the European Union, Croatia has entered the last stage of preparation to adopt the euro. The European Central Bank recently announced a list of eight Croatian banks which will be under its direct supervision following the country's admission to the exchange rate mechanism (ERM II) and the banking union. Since Croatia entered both the banking union and ERM II simultaneously, adopting the euro may be possible in 2023.


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