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Reuters
Reuters
Business

Croatia ready to join euro zone from 2023 - EU Commission

European Union Commission Euro Croatia euro zone European Commission Balkan
FILE PHOTO: Croatia's Prime Minister Andrej Plenkovic arrives for an EU Summit at the European Council building in Brussels, Belgium, December 15, 2021. REUTERS/Johanna Geron/Pool

Croatia is ready to join the euro zone, the European Commission said on Wednesday, paving the way for the Balkan country to adopt the euro from the start of 2023 and become the 20th European state to use the currency.

Once the Commission's assessment is approved by EU leaders in June, EU finance ministers will set in July the exchange rate at which Croatia's currency, the kuna, will be converted into the euro on Jan. 1, 2023.

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