Croatia joins the Schengen zone and adopts the euro

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Croatia is embarking on a historic year as it joins the border-free Schengen zone and adopts the euro as its official currency. This marks a major milestone for the country, which has made significant progress in recent years in terms of economic and political stability.

The Schengen zone is a group of 26 European countries (now 27 with Croatia) that have abolished passport and other types of control at their mutual borders. This allows for free movement of some 400 million people within the zone, making it easier for travellers to move around Europe. Croatia has been working towards joining the Schengen zone for several years, and its accession is expected to take place in the first half of 2023.

Joining the Schengen zone will have a number of benefits for Croatia. It will allow Croatian citizens to travel freely throughout the zone without the need for a visa, making it easier for them to study, work, and travel in other European countries. It will also boost tourism in Croatia, which already accounts for 20% of the country’s GDP, as travellers from other countries in the Schengen zone will no longer need to go through the hassle of obtaining a visa to visit the country.

In addition to joining the Schengen zone, Croatia is also set to ditch its own currency, the kuna, in favor of the euro. The adoption of the euro is seen as a major step forward for Croatia, as it will help to further stabilize the country’s economy and bring it closer to the rest of the European Union. The transition to the euro is expected to take place in 2024, following a two-year preparation period.



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