Croatia joins euro, Schengen area
Croatia joins euro, Schengen area

Croatia has officially become a Schengen Area Member Country and will also adopt the euro as its currency.

The European Union Commission has released a statement congratulating the country and highlighting the importance of this date for both Croatia and Europe.

“On January 1, 2023, Croatia will adopt the euro as its currency and will fully join the Schengen area. This marks an important milestone in the history of Croatia, of the euro and Schengen area, and of the EU as a whole,” the statement reads.

It further points out that with Croatia joining the Schengen Area, now the zone consists of 27 Member States, 23 of which are also EU countries. The Eurozone, in the meantime, now consists of 19 EU Member States and 347 million EU citizens that will share it as their common currency.