The head of the European Council, Charles Michel, has announced that Croatia will join the eurozone on January 1, 2023. It is reported by RBC.

“The euro is the monetary expression of our common destiny and part of our European dream. Now this dream is coming true for Croatia,” he wrote.

According to the president of the Eurogroup Paschal Donohoe, the state has fulfilled all the necessary conditions for the transition to the euro and may become the twentieth member of the eurozone. He stressed that this event is a “strong signal for the European integration” of the country.

Croatia started the process of joining the euro area in 2019. Among the obligations that Croatia had to fulfill were maintaining the stability of the financial and banking system, positive financial indicators, strengthening cooperation with the European Central Bank (ECB) and some structural measures, in particular the improvement of the business climate.