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BUSINESS ADVISORY Introducing the euro as the default currency - all information in one place

As of January 1, 2023, the euro is the official currency and legal tender in the Republic of Croatia. On that day, the Republic of Croatia becomes the twentieth member state of the euro area, and the euro becomes the official monetary unit and legal tender in the Republic of Croatia.

BUSINESS ADVISORY Consumer protection during the introduction of the euro

During all activities related to the introduction of the euro, the key principle is consumer protection. The main consumer protection mechanisms in the process of introducing the euro are:

  • dual display of prices
  • application of a fixed conversion rate when recalculating
  • supervision of merchants and service providers
  • monitoring the price trends of the most commonly used products on the market.
BUSINESS ADVISORY New economic trends in the retail industry

The ever-increasing scrutiny of working conditions continues to affect the retail industry. She has almost completely recovered from the pandemic. Yet with its reliance on hourly workers, its youthful workforce, its vulnerability to economic trends, its difficulties with hybrid work, and the revolution in customer experience brought about by online sales, retail presents challenges and opportunities that are similar in several industries.

FINANCIAL REPORTING Instructions for preparing and submitting the financial statements of non-profit organizations for the period from January 1 to June 30, 2022.

The financial statement for the period from January 1 to June 30, 2022 (hereinafter: semi-annual financial statement) is submitted by:

  • non-profit organizations obliged to keep double-entry bookkeeping,
  • non-profit organizations that have been established three years ago or less and
  • non-profit organizations that meet the requirements for keeping simple bookkeeping, but have decided to keep double-entry bookkeeping.

 

BUSINESS ADVISORY Guidelines for the adjustment of economies in the process of replacing the Croatian kuna with the euro

The purpose of these Guidelines is to provide information to business entities on the activities and adjustments that await them in the process of replacing the Croatian kuna with the euro. The goal of timely preparation is the smooth and fast exchange of official currencies, with minimal impact on business and maximum efficiency. 

EUROPEAN UNION How to make business easier when introducing another currency?

A little less than a year separates us from the arrival of the new currency on the Croatian market. The current situation of knowledge and awareness of state institutions, as well as physical and business users, is really low. During each change of principles and laws, the legislator takes everything in its regulatory framework to adapt the situation in the country to the accompanying changes.

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