July the 3rd, 2022 - A group of Hvar students have been awarded for their creativity in a game designed to work on financial literacy skills by Hanfa (The Croatian Financial Services Supervisory Agency).

Croatian students from up and down this country certainly pack a punch when it comes to innovation, creativity and coming up with very impressive ideas. With financial literacy being a burning issue among the younger population, these students certainly stand out from the crowd when it comes to money management skills.

As Poslovni Dnevnik writes, a game called Desitudo created by a group of Hvar students attending the Petar Hektorovic Elementary School on the aforementioned Dalmatian island recently won in a competition called "Financial literacy through play", which was conducted by the Croatian Financial Services Supervisory Agency (Hanfa). The school won the prize - a smart board - with the winning game designed by these talented Hvar students.

Elementary schools from across the Republic of Croatia participated in the competition, and eighteen applications were received in total. As part of the competition, upper elementary school students and their mentors had to design a board game with the aim of raising the level of students' financial literacy.

The committee for the evaluation of the works pointed out that the students put in a lot of effort, employed their skills in terms of creativity, but also knowledge, and they are extremely satisfied that financial literacy is being considered from an early age to be extremely important as a skill to develop for life.

The game designed and brought to life by the Hvar students from the aforementioned winning school stood out for its creativity, good examples and learning outcomes. The game primarily helps students to recognide the differences between wants and needs and helps them to manage their money more responsibly.

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March the 23rd, 2022 - Three Zagreb faculties and AZ Funds have come together in quite the creative way in order to drum the importance of proper financial literacy into people.

As Poslovni Dnevnik/Borivoje Dokler writes, financial literacy is directly related to a proper education, and the research conducted back in 2019 shows that education has a real purpose, given that the financial literacy level of Croatia's residents was a mere 12.3 points out of a total of 21 points (59 percent).

In order to continue raising the financial literacy of young people at the end of last year, the AZ Fund completed the Financial Literacy for Students project, in which the AZ Fund worked with professors and students from three Zagreb faculties (VERN) and to finance capital markets.

Students created the content and visually designed and adapted it to their fellow students, but also to all those who are entering the world of work for the first time and need to make some adult financial decisions.

Back in November 2020, the Faculty of Economics held a competition to present the basics of financial literacy of young people, which was attended by 11 teams and 23 students who are already quite familiar with key financial knowledge needed by students and young people entering the labour market.

“Thinking about how to get young people interested in the concepts in the field of finance, and following global trends in this field, we designed this interactive project. The task was to create the content and visual identity through videos that represent financial products that their fellow students and other young people will face at the end of their formal education and upon gaining their first employment.

These videos were produced with experts from AZ Pension Funds, President of the Board of HANFA, Ante Zigman, and financial analyst Velimir Sonje, who answered questions related to the work of pension funds, the need for additional pension savings and comments related to the wider market,'' they explained from AZ Funds.

The project lasted over one year, involved a large number of students from all three Zagreb faculties and resulted in the shooting of four thematic films in which the majority of the work was done by award-winning students from the Faculty of Economics.

In addition to four shorter formats entitled Accounts and Cards, Insurance, Pension Insurance and Investments, an integral version of Financial Literacy was installed, which covers these topics. 

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