Earlier this summer, Croatia was given the green light to join the eurozone after EU officials were satisfied the country met the economic criteria to adopt the single currency, with formal approval given on July 12 to commence eurozone membership on January 1, 2023.
While countries such as Bulgaria and Romania have long discussed joining the euro, Croatia will become the first new member of the eurozone since Lithuania joined in 2015. It has been a relatively quick journey for Croatia, which only joined the EU in 2013.
