Definition euro giving a headache CroatiaWhere the European common currency first came into force on 1 January. And the reason seems to repeat what happened in other European countries in the past; For example Spain or Italy. Complaints after the enthusiasm of the first days the price increases They are multiplying in the country, while the authorities are on the alert.
Again, it’s not the coin’s faultbut some entrepreneurs they are rolling The prices of the products announced by consumer associations from the country. Therefore, it was precisely the citizens themselves who first detected the phenomenon.
The number of complaints has risen in the dozens since the early days, although the Croatian government went so far as to threaten to include those suspected of hikes in .shame lists. “We will consider this option. make names public Minister of Economy and Sustainable Development Davor Filipovic, those who work at the expense of our citizens and feed inflation.
Ultimatum
on his behalf Prime Minister of Croatia, Andrej PlenkovicHaving created a sort of crisis of ministers last week to monitor the situation, the cabinet decided to play its trump card. good hand. However, the president gave an ultimatum this week and warned those responsible for the hikes. “You have until this Friday” to apply the correct exchange rate between kunaold Croatian currency and euro.
Plenković added that if they refuse, the government will initiate it. measures against criminals, because there is also a law that strictly prohibits these increases. “Our (inspection) officers are on the ground, we have an arsenal of vehicles and we will not hesitate to use them,” Plenković said. deductions in subsidies and punitive taxes.
boss Central Bank of CroatiaBoris Vujčić also endorsed the president. “Experience other participating countries average increase in euro-related prices by euro area Between 0.2% and 0.4%”Vujčić emphasized in his statements to the ‘Euroactiv’ portal.
success story
So far, the road Croatia (4 million inhabitants) is a success story within the European Union (EU). Country entered the Schengen areaThe community is in the free roam zone and in the Eurozone earlier this month after joining the European club 10 years ago in June 2013. in a relatively short time a slower European integration process for other EU member states (Bulgaria, Czech Republic, Hungary, Poland, Romania and Sweden).
Therefore, while waiting for official data to become known inflation Analysts in the Benefits so much for croatia long-term. And, precisely, it involves being less sensitive to inflation than European countries that still remain outside the Eurozone. This adds to the reality of the Croatian economy even before the introduction of the euro. most deposits there was a bank in eurosSince EU countries are their main trading partners and the Croatian economy is strongly linked to Europe view (20% of GDP), mostly European.
In this context, Zagreb has started preparations for entry into the Eurozone since 2010. in September, when a government measure goes into effect requiring businesses to display Prices in both currencies. Attempt all this 2023 will be preserved, While there are ongoing campaigns by the Croatian government and the EU to explain something to the citizens currency exchange While it still causes some turbulence, it should return to normal throughout the year.