“Croatian exporters are throwing their support behind plans to join the Eurozone. They believe switching to the euro would reduce the negative effects of Croatia’s exchange rate policy, which has kept the kuna stable but also, many claim, overvalued. The high value of the kuna is keeping exporters from being competitive on the foreign markets.
Croatia’s government announced earlier this year that it was setting a 2020 target date to join the European Exchange Rate Mechanism, a two year preparation period for the adoption of the common currency, and the Eurozone by 2022. Finance Minister Zdravko Marić told exporters today the government was behind them. “The state has managed to consolidate its finances, but it also doesn’t want to stop there. We want to bolster those results even further. You can expect us to continue implementing structural reforms and working on other measures that can improve the business climate,” Marić said, speaking at an annual exporters conference in Zagreb on Monday.” (Voice of Croatia)