Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes

Croatia adopts euro as currency, enters free Schengen area

  • By Al Mayadeen English
  • Source: Agencies
  • 31 Dec 2022 22:41
2 Min Read

The Balkan nation is set to be the 27th nation in the Schengen zone which will enable its four million population to move freely in the passport-free Schengen area. 

  • x
  • Croatia to switch to euro, enter passport-free Schengen zone
    Croatia to switch to euro, enter passport-free Schengen zone

The European Commission issued a press release on Saturday stating that on January 1st, 2023, Croatia will adopt the euro as its currency and will fully join the Schengen area after a decade since joining the European Union.

Experts argue that the move is intended to alleviate the effects of the union-wide energy crisis that began since Russia halted its exports of gas over western-imposed sanctions.

The Balkan nation is set to be the 27th nation in the Schengen zone, which will enable its four-million population to move freely in the passport-free Schengen area. But Croatians do not seem to be fully convinced over the upgrade. 

Some political groups, in particular right-wing opposition groups, argue that this will benefit mostly large economies such as France and Germany. 

Officials have said that joining the eurozone and Schengen is intended to deepen "two strategic goals of a deeper EU integration."

Related News

Netherlands launches $58mln fund in quest to recruit top researchers

Trump slaps trade partners, Mexico, EU, with 30% tariffs from Aug. 1

Read more: Bulgaria, Romania bids to join Schengen area blocked: Officials

For long, Croatians have priced their assets in euros, including cars and apartments, exposing a lack of confidence in the Kuna, their national currency. In November, official data indicated that inflation in the country had reached a staggering 13.5 percent.

Croatia is entering the Eurozone at a time when the bloc is itself going through a time of crisis.

The good news, however, is that the initiative is set to improve the industry of tourism in the country.  The lifting of border checks at airports might however take a while due to technical issues, with officials scheduling the removal for March 26, 2023. 

In 2 days 🇭🇷 will adopt the euro and will fully join the Schengen area.

With Croatia, 20 EU countries will share the EU's common currency.

As for Schengen, this is the eighth enlargement and the first after 11 years.

This marks an important milestone in our history.

— European Commission 🇪🇺 (@EU_Commission) December 30, 2022

Read more: Putin: Western countries can now pay fuel debts in foreign currencies

  • Europe
  • EU
  • Croatia
  • Euro
  • European Union
  • Schengen Zone

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS