Introduction of the Euro in 2023 and Possible Effects on Tourism in the Republic of Croatia

Elvis MujačeviΔ‡ – Fakultet za menadΕΎment u turizmu i ugostiteljstvu Opatija, Katedra za meΔ‘unarodna ekonomska ulaganja, SveučiliΕ‘te u Rijeci, Primorska 46, pp. 97., 51410 Opatija, Hrvatska

Zrinka MartiΔ‡ – Studentica diplomskog studija MenadΕΎment dogaΔ‘aja i slobodnog vremena, Fakultet za menadΕΎment u turizmu i ugostiteljstvu Opatija, SveučiliΕ‘te u Rijeci, Primorska 46, pp. 97., 51410 Opatija, Hrvatska

Ključne riječi:
Europska unija; Euro; Europski tečajni mehanizam; Maastrichtski kriteriji; Euroizacija;
Pozitivne posljedice; Negativne posljedice; Percepcija graΔ‘ana; Turizam

Keywords:

European Union; Euro; European exchange rate mechanism; Maastricht criteria; Euroization;
Positive consequences; Negative consequences; Perception of citizens; Tourism

DOI: https://doi.org/10.31410/EMAN.2023.347Β 

SaΕΎetak: Hrvatska je 1. srpnja 2013. godine postala članica Europske unije te se time ujedno i obvezala uvesti euro kao nacionalnu valutu čim na to bude spremna. Kada se makroekonomska situacija Hrvatske počela razvijati u pozitivnom trendu, nastupio je ulazak u Europski Tečajni Mehanizam (ERM II) 10. srpnja 2020., svojevrsnu čekaonicu za euro koja priprema drΕΎavu za veliku promjenu. Iako je Hrvatska duboko euroizirana zemlja, čekaju je mjeseci prilagodbe na euro u smislu prilagoΔ‘avanja cijena, informacijsko-komunikacijskih kanala te sprečavanje moguΔ‡ih kriza i Ε‘okova koji mogu pogoditi ekonomiju zemlje prilikom konverzije. Da bi se Ε‘okovi minimizirali, nastoje se ispuniti Maastrichtski kriteriji. Navedene su sve moguΔ‡e pozitivne, ali i negativne posljedice koje se mogu očekivati te je kroz anketu o percepciji graΔ‘ana prikazaΒ¬na njihova razina informiranosti o prelasku na euro, ali i strahovi poput poveΔ‡anja cijena, inflacije, gubitka nacionalnog suvereniteta, kao i pozitivnih posljedica koje Δ‡e se odraΕΎavati na turizam.

Abstract: On July 1, 2013, Croatia became a member of the European Union and thereby also committed to introducing the euro as its national currency as soon as it is ready. When Croatia’s macroeconomic situation began to deΒ­velop in a positive trend, it entered the European Exchange Rate Mechanism (ERM II) on July 10, 2020, a kind of waiting room for the euro that prepares the country for a major change. Although Croatia is a deeply euroized counΒ­try, months of adjustment to the euro await it in terms of adjusting prices, inΒ­formation and communication channels, and preventing possible crises and shocks that may affect the country’s economy during the conversion. In order to minimize shocks, efforts are being made to fulfill the Maastricht criteria. All possible positive and negative consequences that can be expected are listed, and through a survey on the perception of citizens, their level of information about the transition to the euro is shown, as well as fears such as price increasΒ­es, inflation, loss of national sovereignty, as well as positive consequences that will reflect on tourism.

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7th International Scientific Conference – EMAN 2023 – Economics and Management: How to Cope With Disrupted Times, Ljubljana, Slovenia, March 23, 2023, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-69-1, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2023

Creative Commons NonΒ Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.Β 

SuggestedΒ citation

MujačeviΔ‡, E., & MartiΔ‡, Z. (2022). UvoΔ‘enje eura 2023. godine i moguΔ‡i utjecaji na turizam u Republici Hrvatskoj. In V. Bevanda (Ed.), International Scientific Conference – EMAN 2023: Vol 7. Conference ProceedingsΒ (pp. 347-360). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/EMAN.2023.347

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