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Croatia to adopt euro next January

BRUSSELS, June 1 (KUNA) -- The European Commission Wednesday announced that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of euro area Member States to twenty.
The conclusion is set out in the 2022 Convergence Report, which assesses the progress that Bulgaria, Czechia, Croatia, Hungary, Poland, Romania and Sweden have made towards joining the euro area, it said in a statement.
These are the seven non-euro area Member States that are legally committed to adopting the euro.
The EU Council of Ministers will make the final decisions on Croatia's euro adoption in the first half of July, after discussions in the Eurogroup and in the European Council, and after the European Parliament and the European Central Bank have given their opinions.
President of the European Commission Ursula von der Leyen said: "Today, Croatia has made a significant step towards adopting the euro, our common currency.
Less than a decade after joining the EU, Croatia is now ready to join the euro area on 1 January.
This will make Croatia's economy stronger, bringing benefits to its citizens, businesses and society at large." (end) nk.mb