Friday, 4 February 2022

Croatia Should Prepare Well for Euro Introduction, PM Says

ZAGREB, 4 Feb 2022 - Prime Minister Andrej Plenković said on Friday that 1 January 2023 would be a historic moment for which one should be well prepared in every regard, including the adoption of a good law on euro introduction and the amending of a set of other laws this year.

"This includes also economic preparations and consumer protection," he said in reference to the planned introduction of the euro as legal tender in Croatia on 1 January 2023.

In an address at an event at which the most successful designs of the national side of the euro and cent coins were presented, Plenković said they contained several key elements of Croatia's identity - symbols of its history and political identity, sovereignty and state borders, monetary tradition, language, culture and literature, cultural and scientific greats, creativity and innovation, and tradition and modernity.

Croatian National Bank (HNB) Governor Boris Vujčić said that the manufacture of tools to make coins would soon be launched as would test molds, a million pieces for each coin. Eventually the mass production of coins will start, he said, noting that this was a huge job (banknotes will be made abroad).

Vujčić said other steps to introduce the euro would continue in the months to come.

Finance Minister Zdravko Marić recalled that public consultation was underway on a draft euro bill, and that so far 49 comments had been submitted, which would be responded to.

The public consultation lasts until 15 February.

This year 42 laws will be amended to facilitate the euro changeover and another 36 will be amended after its introduction.

As for other benchmarks that need to be met to introduce the euro, Marić said that they were being met according to plan and as expected, without any delays.

The government is also working on meeting the criteria regarding inflation, he stressed.

Figures for January do not reflect a slowing down of inflation, he said, adding that there was no country that over recent months had not seen a significant increase in inflation.

Meeting that criterion will be one of the bigger challenges this year, he said.

On the other hand, he said, according to his calculations, the share of public debt in GDP was significantly reduced in 2021, which he said was very good news. Croatia will be among the countries with the fastest fall in the share of public debt in GDP, said Marić.

Criteria for the introduction of the euro are defined by the Maastricht agreement and they concern price stability, public finance sustainability, exchange rate stability, and long-term interest rate convergence.

Friday, 4 February 2022

Retiring in Croatia as a Non-EU National: Navigating Bureaucracy

February 4, 2022 - Croatia is touted as being one of the best places to retire, with plenty to offer including an agreeable climate, rich culture, relatively low cost of living, and affordable healthcare. But how can retirees, especially 3rd country nationals, gain the right to live long-term in Croatia?

In this article, I briefly walk you through the different types of long-term permits the Croatian government currently offers and provide deeper insights into those that are the most applicable to retirees.

All information presented here is from the Ministry of the Interior (MUP) which regulates the stay of foreigners in Croatia.

Can I get permanent status to stay long-term?

The short answer is, yes, but for anything longer than 1-year, it becomes increasingly complicated.

For now, just know that although there are 2 types of Permanent Residency Permits in Croatia that allow extended stays beyond 1-year, it is nearly impossible for a 3rd country national to obtain either on arrival if you have no Croatian roots or family.

In order to stay for more than 90 days in Croatia, you must apply for a Temporary Residence Permit.

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Time to get all that paperwork in order. Image: Anete Lusina/Pexels

Types of Temporary Residency Permits

According to the MUP, there are different ways for 3rd country nationals to obtain a Temporary Residency Permit.

  1. Work for a Croatian registered company
  2. Study at a Croatian institute
  3. Conduct scientific research
  4. Humanitarian grounds
  5. Be a digital nomad*
  6. Start a business
  7. Be a non-remunerated volunteer*
  8. Other purposes (purchasing real estate)*
  9. Other purposes (renting real estate)*

As of writing, these (*) options do not count towards gaining permanent residency or citizenship.

For those looking to retire, let’s briefly consider options 5-9 as the most appropriate.

The Digital Nomad Visa (point 5)

Introduced in January 2021, the Digital Nomad Visa provides a relatively straightforward way for 3rd country nationals to stay in Croatia for an extended period.

If you’re retired but do some freelancing from time to time, this may just work for you.

Criteria for a Digital Nomad Visa include:

  1. Proof that you are a digital nomad by providing documents such as company registration, freelance contracts, invoices, and payment from clients (documents should be translated into Croatian and notarized)
  2. A criminal background check from your home country
  3. Valid health insurance for 1-year (e.g. Cigna, Safetywings, Croatia Osiguranje)
  4. Proof of sufficient monthly funds which are 2.5 times the average net salary of the previous year as published by the Croatian Bureau of Statistics (DZS). For each additional family member, the amount is increased by 10% of the average net salary
  5. When this expires, you have to leave the country for 90 days before reapplying

As of October 2021, the average gross earning per employee as published by the DZS is HRK 9,597 (€1,275), while the average net earning per employee is HRK 7,140 (€948).

This means for one retiree; you need to show that you have a monthly income of HRK 17,860 (€2,367). For each additional member, it is HRK 714 (€95) more per month.

If your monthly income is irregular, you can also prove sufficient funds by showing you have a full 12 months of income in your bank account, HRK 214,320 (€28,424) for a solo retiree and HRK 222,786 (€29,545) if you are coming with a partner.

Starting a business (point 6)

Alternatively, for some retirees, starting a local business may be an ideal way to make some passive income while enjoying all that Croatia has to offer.

3rd country retirees can gain Temporary Residency by starting a business in Croatia, but meeting the required thresholds and the additional bureaucratic requirements can be more than a full-time job in itself.

To qualify, you have to:

  1. Own at least 51% of a Croatian company, or incorporate one of these business forms - obrt, j.d.o.o, or d.o.o.
  2. Invest at least HRK 200,000 (€26,500) as starting capital which can be claimed for business expenses
  3. You must employ yourself, as well as 3 Croatian nationals as full-time permanent staff
  4. The gross salaries of all 3 of your staff have to be equal to the average gross salary of the previous year
  5. Your own salary must be at least 1.5 times the average gross salary

For 3 members of staff and yourself, you’d be looking at a minimum monthly human capital cost of approximately HRK 43,186 (€5,738). Not to mention you also have to deal with taxes, health insurance and other miscellaneous paperwork.

Becoming a long-term volunteer (point 7)

Maybe starting a business is not for you, perhaps consider volunteering? According to Croatian law, long-term volunteers between the ages of 18-65 are allowed to stay for 1-year.

The requirements are as follows:

  1. You have to register your stay and apply for a residence and work permit
  2. The host organization (“udraga”) has to prove they will cover costs for your stay, including food, accommodation, and other necessary expenses
  3. You can be given an allowance by the host organization, but you cannot be paid
  4. You are not allowed to work for any other company in Croatia
  5. The hosting organization must possess a third-party liability insurance policy

Under certain conditions, this permit can be renewed for a second year if approved by the host organization and relevant authorities.

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Real estate in Dubrovnik. Image: Lucian Photography/Pexels

Other purposes: Investing in real estate (point 8)

Unlike other EU countries (e.g. Spain, Portugal, Greece), Croatia does not currently offer a similar investment scheme where investing a certain amount in real estate qualifies you to live indefinitely.

In the case of Croatia,

  1. There is no set amount of investment required
  2. You must live in the purchased residential property
  3. The visa is only valid for 6 months which is extended to 9 months if you include the 3-month short-term tourist visa
  4. Once your 9 months is up, you are not allowed to renew or extend the permit
  5. You must wait 6 months and leave Croatia during this time before submitting a new application again

While there is no minimum investment requirement, the criteria of having to leave and resubmit an application make it difficult for retirees to settle permanently.

Other purposes: Renting real estate (point 9)

What if you’re considering the following retirement scenario: renting out your current residence that will help fund your retirement years in Croatia where you’d also rent instead of purchasing real estate?

You most certainly can but know that this route will also only entitle you to a 1-year Temporary Residency permit.

Let’s look at the additional criteria:

  1. You are not allowed to work for a Croatia registered company
  2. You have to sign a rental contract with the landlord and prepay a full year of rent (AirBnB, Booking.com does not count)
  3. The contract has to be notarized before submission to the relevant authorities
  4. At the end of your 1-year permit, you have to leave Croatia (although through anecdotal evidence, I have heard of this being extended for another year)
  5. You can only reapply again 6 months after the permit expires

While rent in Croatia is relatively lower than in cities in North America, Australia, or the UK, it also comes with its own complications.

Finding a landlord who is willing to lease you an apartment year-round can be difficult as the tourist season (June - September) brings in the bulk of their income. It is not uncommon for landlords to make a full year’s rent and more, just during tourist season alone.

What would retirement in Croatia look like then?

Until the rules change, it is problematic if you intend to live out a “classic” retirement scenario.

However, now that you know what to expect, if you’re willing to take on a more dynamic approach and make Croatia a secondary home as part of your broader retirement plan, it might just be some of the best year(s) of your life.

 (€1 = HRK 7.54)

For more, check out our lifestyle section.

Friday, 4 February 2022

Croatian Political Parties: A Brief Summary

 4 February 2022 – Many words can be used to describe Croatian politics: controversial, sensitive, dull, exciting, but confusing stands out as the word that I think many of us would associate most strongly with the topic. A closer look into Croatian political parties. 

Political misperception represents a common challenge globally. In an age where misinformation campaigns are rampant, the task of discerning fact from fiction is becoming evermore arduous and personal. Moreover, for the diaspora, the Croatian political establishment can present as a bit of a Blackbox. However, our votes matter, as does our political engagement. To make an informed decision about who should receive our support in the Sabor, clear information about each party and its objectives must be available to public members. In hopes of providing some clarity, I have created a summary of some of Croatia's leading political parties, providing a brief description of each platform and prominent figures that you may recognize the next time you go to the polls.

Hrvatska Demokratska Zajednica

Hrvatska Demokratska Zajednica (HDZ), or the Croatian Democratic Union, is one of Croatia's two major political parties and is the party of current Prime Minister Andrej Plenković and former President Kolinda Grabar-Kitarović. HDZ runs on a center-right platform, governing with an ideology of conservatism, Christian democracy, and pro-Europeanism. HDZ has been the leading government in Croatia for most of the period since independence. In coalition with several smaller parties, HDZ forms the current majority in the Sabor. The party has been in power since 2016 when it won on a policy platform that party members describe as being "devoid of extremes and populism." As the party leader, Plenković has kept mainly to this moto, leading Croatia towards further European integration without creating much significant scandal since he came to power approximately five years ago.

Socijaldemokratska partija Hrvatske

The Social Democratic Party (SDP) is the major center-left movement in Croatia, serving as the primary opposition to HDZ. The party's ideology is self-explanatory, but generally, the SDP aims to apply social democratic values to improve Croatian society, subscribing to liberal progressive and pro-European values. President Zoran Milanović is likely the party's most well-recognized member in contemporary politics, serving as the Prime Minister from 2011-2016. The current party leader is Peđa Grbin, a lawyer from the coastal town of Pula. With 14 seats in the Sabor, SDP forms the official opposition in a coalition with various other parties on the same political spectrum.

Domovinski Pokret

Domovinski Pokret (DP), or Homeland Movement in English, is a right-wing populist party founded by musician turned politician Miroslav Škoro. The party runs on a platform of conservatism, nationalism, and soft Euroscepticism. A newcomer to Croatian politics, the party was founded in 2020 by Škoro after he left HDZ to take a farther right-wing stance. Škoro's DP garnered 16 seats in the Sabor in the national election. However, the celebrity musician resigned from leadership in July of last year and has since been replaced by Ivan Penava as party president. Despite its novel status, it will be interesting to see how the DP performs going forward as the DP represents a growing populist trend in European politics.

Možemo!

Možemo! or "We Can!" in English is another political newcomer who debuted in the 2019 EU elections. The party subscribes to an ideology of left-wing green politics, Eco-socialism, and Progressivism, in many ways a counterbalance to the DP. Uniquely, there is no party president, instead opting for governance by collective leadership. Despite not winning any seats in the European parliament, Možemo! has been gaining ground at a pace that has turned heads amongst the Croatian liberal sphere, even attracting the support of American actor Jane Fonda. In the 2020 parliamentary election, Možemo! in coalition with other green-left parties, managed to attain 4 seats in the Sabor. However, their most impressive feat came in 2021 when the party managed to win 40% of the Zagreb local elections, allowing them to form a government within the city assembly.

Looking to the Future

While far from exhaustive, the list above provides a general idea of the political options available to voters in future elections. The beauty of democracy is that everyone gets a voice. In recent years, voter turnout has been low, standing at only 46.44% in Croatia's most recent parliamentary election. While there are likely many reasons for this mediocre figure, public disillusion with their political leaders cannot be ignored as a likely contributing factor. By outlining just a handful of the choices available to voters, I hope that I have demonstrated that Croatian politicians are as diverse as their electorate.

For more on politics in Croatia, follow TCN's dedicated page.

Friday, 4 February 2022

Osijek Company Orqa Begins Developing Chip Design Ecosystem in Croatia

February the 4th, 2022 - The Osijek company Orqa has begun developing no less than a chip design ecosystem right here in Croatia. Namely, Orqa, Osijek's FERIT and Zagreb's FER signed an agreement on cooperation in the project of designing a specialised chip for unmanned systems.

Complex chip design such as this hasn't existed in the Republic of Croatia so far, and it is on the basis of an initiative through which the rapidly-growing Osijek company Orqa d.o.o. further seeks to advance first-person (FPV) and remote reality (RR) technologies.

The goal of the Memorandum of Understanding signed by Orqa, the Faculty of Electrical Engineering, Computing and Information Technology in Osijek and Faculty of Electrical Engineering and Computing in Zagreb, is the joint work of experts, engineers and academia on research and development of technologies of strategic importance for digital and a more resilient European Union (EU).

As such, for the implementation of this initiative, the signatories of the Agreement will also promote a key strategic instrument for the implementation of the EU industrial strategy - Important Projects of Common European Interest (IPCEI).

“We intend to design a chip specialising in unmanned systems such as drones, vehicles or vessels, with the ability to upgrade to autonomous functionalities. This extremely complex project is the first project of this type in all of Croatia, we're among the first in the world, and currently there aren't enough engineering capacities for such a design.

Although this sort of staff is currently lacking here in Croatia, through this project we're trying to build capacities and train engineers in order to start the development of the chip design ecosystem in Croatia in accordance with global trends. Cooperation with faculties as staff generators plays a key role in this. Through this project, we intend to achieve a symbiosis of commercial needs on the one hand, and academic knowledge and research on the other. In addition to the aforementioned faculties, the support of the Ministry of Regional Development and EU funds is extremely important for us in order to pave the way for the further development of this attractive industry,'' said Srdjan Kovacevic, co-owner and CEO of the Osijek company Orqa. 

As a world leader in the development of video glasses for drone pilots and as a leading regional company in the drone industry, Orqa is rightly considered a leader in Croatian modern technology and innovation. This isn't a surprisie at all when one considers the research, development, and prototyping of devices in the field of first-person view (FPV) technology, remote reality (RR), video signal transmission and radio communication, and the production of electronic components and devices the company engages in - the most famous of which are video goggles for FPV drone pilots. Collaboration with STEM studios is a great opportunity both for young engineering hopefuls and for the entire technology sector. The signed Agreement is unique on the territory of the Republic of Croatia, and with it the City of Osijek and Osijek-Baranja County will be more strongly positioned in the demanding IT world.

"This agreement will further strengthen the cooperation between the two leading Croatian faculties in the field of chip design, to which the Osijek company Orqa is adding additional value. Here in Croatia, the development of the semiconductor industry is lagging behind other branches of electrical engineering, and the planned scientific research activities in cooperation with the economy will represent a significant step towards the development of microelectronics in this country. The implementation of scientific research will ensure the transfer of the latest knowledge in the economy, but also in study programmes, which will provide domestic students with additional competencies necessary for the labour market in this area,'' said Tomislav Matic, the Dean of FERIT.

In addition to FERIT, the great potential of the Osijek company Orqa was also recognised by the Faculty of Electrical Engineering and Computing from Zagreb, which has long been positioned as one of the leading Croatian educational institutions in the STEM field.

"FER is committed to an economy based on knowledge, innovation and openness to global talent. The strength of any economy lies in the high-tech sector whose progress and competitiveness is impossible without knowledge and scientific research where the academic community plays an extremely important role. This agreement created the basis for the further development of Croatian competencies in the field of chip design and verification. The agreement is also key to connecting the Croatian academic community and the Croatian economy with major European players in the semiconductor industry and ultimately creating a consortium to apply under the Important Common European Interest (VPZEI) mechanism,'' said Gordan Gledec, FER's Dean.

For more, check out Made in Croatia.

Friday, 4 February 2022

Workers Front Calls for Increasing Energy Vouchers to HRK 400

ZAGREB, 4 Feb 2022 - Workers Front (RF) MP Katarina Peović said on Friday that she had put forward to the parliament a conclusion and regulations with a set of measures asking that citizens' income threshold be taken into account when allocating vouchers for energy products and their value be raised from HRK 200 to 400.

Peović said the proposed measures should be discussed by the parliament urgently as they were related to current energy price hikes and her party considered them very important "class measures."

"We believe inflation is a class issue because the rising prices will not affect everyone in the same way, which is why the burden of the crisis should be distributed justly," she said.

Peović said that energy vouchers were defined in a such a way that only users with minimum allowances and persons with disabilities registered with social welfare centres received them, with their income threshold having been set at HRK 800 (€106).

Peović noted that electricity vouchers are used by more than 60,000 people while there are more than 600,000 pensioners whose income is below the poverty threshold, which is why her party has proposed that in the allocation of the guaranteed energy voucher one should take into account the fact that the income threshold is set at 60% of the national average, amounting to HRK 5,710 for a family of four and around HRK 2,700 for single-member households.

"We believe that everyone with income below that amount... should be entitled to energy vouchers, which should be increased from the current amount of HRK 200 to 400. Also, in addition to electricity vouchers, one should also introduce vouchers for heating and for natural gas, which we believe should have a lower, 13% VAT rate, just as electricity," she said.

Peović said that public services such as the HEP power provider, too, should help by giving up a part of their profits, which in 2021 for HEP amounted to HRK 1.4 billion so as to enable the subisidising of utility bills.

Friday, 4 February 2022

Zekanović Reserved about Announcements He will Form His Own Group in Parliament

ZAGREB, 4 Feb 2022 - Independent MP Hrvoje Zekanović was reserved in his comments on media reports on Friday that he was planning on forming his own political group in the Croatian parliament. 

The group would include independent MP Marijana Petir and Goran Dodig of the Croatian Christian Democratic Party (HDS) and would support the Croatian Democratic Union (HDZ)-led majority in Parliament.

"It's much easier to work through a group and there are greater possibilities for debate," Zekanović told reporters.

Zekanović had been a member of the Croatian Sovereignists group until December last year when he was expelled for criticising people who refuse to get vaccinated against COVID-19.

"I don't see anything sensational in the information that someone is looking for a parliamentary group," he said. He would not say whether it was true that he would like to see Petir and Dodig in his group and whether he had discussed the matter with them.

"I'm not going to discuss this," Petir briefly told the press. She, like Dodig, was elected on the HDZ slate and is a member of the HDZ group.

Dodig confirmed he had spoken with Zekanović about forming a political group and declined his proposal. When asked why, he said he had his own reasons, which he would not discuss.

Given that Zekanović and Karolina Vidović Krišto are the only MPs who currently do not belong to any political group in Parliament, reporters asked her if Zekanović had called her. "No one has called me," she replied briefly.

Stjepan Ćuraj, leader of the Croatian People's Party (HNS), a junior partner in the HDZ-led coalition, said he did not see any problem with his party working together with Zekanović and "supporting the same things."

"We can't say we agree with him politically and ideologically, but if we can agree on individual things, I don't see a problem for us to support the same things," he said.

Ćuraj would not speculate on whether the HDZ would admit Zekanović to their group. "You should ask the HDZ. I don't have a problem with that if he supports the same views as we do."

Friday, 4 February 2022

Sabor Supports Law to Set Cadastre Straight

ZAGREB, 4 Feb 2022 - Croatian lawmakers on Friday welcomed amendments to the Cadastral Survey and Cadastre Act which will relieve the burden on the business sector and ensure a modern and efficient land administration.

They were particularly pleased with the fact that the new system will shorten the time for cadastral surveys of municipalities from six and a half years to about two years.

Organising the cadastre is a precondition for cities to develop and, shortening processing time is very important, said MP Anamarija Blažević (HDZ).

Predrag Štromar (HNS, HSU and independent MPs group) underscored that unorganised land registers are an obstacle to investments.

"The law is a step forward," agreed Urša Raukar Gamulin (We Can!).

However, the law can only produce results if the Land Registers Act is also amended, she said.

HDZ whip Branko Bačić said that of the 3,360 cadastre municipalities in Croatia about 15% or 414 are in the process of new measurements and about 200 have already completed them.

We expect about 9.7% of Croatian territory to be measured in the next 10 years, which will be identified as building lots and encompass 6.5 million cadastre cells, which is 42% of all cadastre cells in the country, said Bačić.

Lawmakers also welcomed the abolishment of the majority of fees for data use.

The law foresees abolishing fees when taking out extracts, certificates and photocopies of data from state land survey documents, real estate cadastres and building registers and when using data via network services, which will leave the state budget without about HRK 9.5 million a year.

That is pittance compared to the savings to be made by citizens who so far have had a hard time trying to set their real estate documents in order, said Barbara Antolić Vupora (SDP).

The State-Secretary in the Ministry of Physical Planning, Dunja Magaš, said the law would create a joint computer framework for land registers and the cadastre and in that way reduce the number of procedures and processing time.

Friday, 4 February 2022

Marić: Tax Policy to Contribute to Cushioning Impact of Increased Energy Prices

ZAGREB, 4 Feb 2022 - Finance Minister Zdravko Marić said on Friday that tax policy would be part of a comprehensive package of measures to cushion the impact of increased energy prices.

"It would be great if the impact of price increases could be alleviated by tax policy alone, but that is not possible. Tax policy will certainly make its contribution," Marić told the press after a meeting of the Council for the Adoption of Euro as legal tender in Croatia.

He did not specify how much VAT on gas and electricity would be reduced by. He said that the government was considering a set of measures to help households and business because of a certain rise in gas and electricity prices as of 1 April.

As for a possible reduction of excise taxes, Marić said that HRK 70 million from excise taxes on gas and electricity was paid into the state budget annually, which gives room for cuts.

Friday, 4 February 2022

Croatia's Total Coronavirus Death Toll Exceeds 14,000

ZAGREB, 4 Feb 2022 - Croatia has registered 11,980 new coronavirus cases and 46 deaths in the last 24 hours, with the total death toll since the start of the pandemic in the country crossing the threshold of 14,000, the country's COVID crisis management team reported on Friday.

Of the 11,980 new cases, 8,094 were confirmed by PCR tests and 3,886 by rapid antigen tests. Compared with last Friday, the number of new infections dropped by more than 3,500.

According to the data provided by the national coronavirus response team, 2,126 infected persons are currently being treated in hospitals and 185 of them are placed on ventilators.

With the 46 deaths registered in the last 24 hours, the total coronavirus death toll has climbed to 14,035. Nearly 4,000 people have died since 17 November.

The number of active cases stands at 57,686 and 27,656 people are self-isolating.

Since 25 February 2020, when the first case was confirmed in Croatia, 971,464 people have been registered as having contracted the novel virus after 4,301,921 tests carried out.

As of Thursday, 56.60 per cent of the total population, or 67.35 per cent of the adult population, received at least one dose of a COVID-19 vaccine, while 64.96 per cent received two doses.

Friday, 4 February 2022

Croatian Euro Coin Design Winners Officially Announced

February 4, 2022 - Through their official social media accounts, both the Prime Minister of the Republic of Croatia and the Croatian Government shared the winning motifs for the 2 and 1 Croatian euro coin, and the 50, 20, 10, 5, 2, and 1 cent coins, all of which will enter in circulation next year.

In recent years, the conversation around Croatia's accession to the eurozone has been increasing significantly. Since joining the European Union in mid-2013, the idea of carrying out a transition from the kuna to the euro has gone from being a distant scenario to near reality. It is no secret that the Croatian government's position on such change was favorable and that, eventually, it was simply a matter of defining how and when.

Precisely, as of today, the answers to both questions are already known, as the Croatian Government, its Ministry of Finance, and the Croatian National Bank (HNB) are working on the final details. The Croatian Kuna will cease to be the official currency, and the Euro will replace it in 2023. From September 5th, prices will be displayed in both Kuna and Euros, so that both locals and foreigners get used to the idea and become familiar with the new currency. Likewise, the first two months of 2023 will serve to withdraw the Kuna from circulation. As the Governor of the HNB Boris Vujčić reported shortly ago, citizens will have the possibility of paying with kunas, but only as a way to collect those coins for their subsequent storage.

Now that the idea of the euro as the official currency in Croatia is getting closer and closer to reality, many questions have arisen from both financial authorities, companies, and even Croatian citizens themselves. The positions are diverse: from rejecting the Euro in order to defend a Croatian symbol such as the Kuna, to wondering what the economic consequences will really be. The rejection of a large sector of the population was expressed through a referendum that was recently held throughout the country. The objective of the referendum was to postpone Croatia's access to the eurozone because, it should be remembered, by being a member of the European Union, Croatia cannot bail out of using the Euro as currency, but it could keep an indefinite period of transition.

The government responded by guaranteeing that not only will the transition from one currency to another take place smoothly, but that the long-term benefits will allow Croatia to reach economic standards that allow it to equalize its status with other European Union countries. Minister Zdravko Marić revealed that the Ministry of Finance will make sure to monitor that prices are set correctly, and does not rule out the existence of sanctions for those who increase them unsustainably. For its part, the Croatian National Bank promised to effectively control the inflation rates that may be generated as a result of this currency change.

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Today's session of the National Council for the Introduction of the Euro as the Official Currency in Croatia. (Photo: Goran Stanzl/PIXSELL)

Most likely, doubts will be resolved along the way, since it seems that the decision has already been made and there is no going back. Following an official Croatian government meeting earlier today, the Government of the Republic of Croatia shared the official winner designs of the Croatian Euro coin, and all the details about each design, on their social media accounts. You can watch the complete session here. Each coin was accompanied by a video and information about its designers. The Government shared the following on their Instagram account:

''At today's session of the National Council for the Introduction of the Euro as the Official Currency in Croatia, the design solutions of the Croatian side of the euro and cent coins were presented. A total of 1,299 proposals were submitted to the open competition, and the commission in charge of selecting the most successful solutions did not know who the authors were, but evaluated and ranked each proposal only on the basis of the proposed design.

The first-ranked proposals were officially approved by European Council on January 28 this year. We also thank and congratulate the authors of the selected motifs! These are:

  • Ivan Šivak - author of the conceptual design "Geographic Map of Croatia" for a 2 euro coin

The author of the 2 euro coin motif, "Geographical Map of Croatia", is Ivan Šivak, born in 1985 in Zagreb. He graduated from the Academy of Fine Arts in Zagreb in 2011 at the Department of Animated Film and New Media. Since 2011 he has been a member of the Croatian Society of Fine Artists. He lives and works in Samobor.

  • Stjepan Pranjković - author of the conceptual design "Kuna" for a 1 euro coin

The author of the 1 euro coin motif, ''Kuna'', is Stjepan Pranjković, born in 1995 in Ostfildern, Germany. At the Academy of Applied Arts in Rijeka, majoring in Applied Arts, module painting, he obtained the title of Master of Applied Arts in 2020. He lives in Rijeka.

  • Ivan Domagoj Račić - author of the conceptual design "Nikola Tesla" for 50, 20 and 10 cent coins

The author of the 50, 20, and 10 cent coin motif, ''Nikola Tesla, is Ivan Domagoj Račić, born in 1999 in Zagreb. Today he is a full-time third-year aeronautics student at the Faculty of Transport and Traffic Sciences in Zagreb. His interest in graphic design began in high school, when he began to study independently.

  • Maja Škripelj - author of the conceptual design "Glagolitic" for coins of 5, 2 and 1 cent

The author of the 5, 2 and 1 cent coin motif, ''Glagolitic'', is Maja Škripelj, born in 1988 in Zagreb. She graduated from the Faculty of Architecture in Zagreb with a master's degree in engineering and architecture in February 2014. From graduation until July 2020, she worked in the architectural office, and now has her own business.

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The designers behind the winning motifs for the Croatian euro coin: Ivan Šivak, Ivan Domagoj Račić, Stjepan Pranjković, and Maja Škripelj. (Photo: Goran Stanzl/PIXSELL)

After presenting the winners and their designs, the Croatian Government continued: 

''In addition to the mentioned motifs, the Council of the European Union also approved another, additional motif, ie the text, which is an inscription that each country can choose and engrave on the 2 euro coin, which is the largest.

On the Croatian 2 euro coin, in addition to the Croatian chessboard, as an element of the Croatian coat of arms, and a map of the Republic of Croatia, Gundulić's verse "O LIJEPA O DRAGA O SLATKA SLOBODO" will be engraved on the rim.

As is well known, this is one of the most famous and beautiful verses from the Anthem of Freedom, which is an integral part of the pastoral "Dubravka" from the 17th century by Ivan Gundulić. The Republic of Croatia, as a symbol of Croatian statehood and independence, should also have a verse from the Anthem of Freedom, which best symbolizes the millennial aspiration for freedom of the Croatian people''.

Below we show you each Croatian euro coin in detail:

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The Croatian Euro coin designed by Ivan Šivak features the geographical map of Croatia and due to its size also features the verse: ''O LIJEPA O DRAGA O SLATKA SLOBODO'' engraved on the edge.

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The Croatian Euro coin designed by Stjepan Pranjković features the Kuna, Croatia's symbolic animal.

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The Croatian Euro coin designed by Ivan Domagoj Račić features Nikola Tesla, the world-famous inventor and engineer born in Smiljan.

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The Croatian Euro coin designed by Maja Škripelj features the Glagolitic alphabet, the oldest Slavic alphabet, from Croatia. The two Glagolitic letters chosen will form the Croatian ISO: HR.

 For more, check out our politics section.

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