JANUARY 2023 NEWS- EURO IS OFFICIAL CURRENCY IN CROATIA
For sure, apart Croatia being now in Schengen (without borders with other EU countries), biggest and most significant change from 01.01.2023 is that official currency in Croatia is EURO.
All funds/ business and private on bank accounts are with the start of the New Year automatically transferred to EURO at fixed conversion rate, which is 7,53450 HRK for 1 EUR.
First 15 days of New Year it was still possible to pay in Kunas, but from 15.01.2023 EURO is only official currency. However until end of calendar year 2023, all prices should be displayed both in HRK and EURO. The principle of consumer protection, the principle of prohibiting unjustified price increases, the principle of transparency and information are applied as the basic principles of the introduction of the euro.
IMPORTANT TO KNOW
➜ From January 1, 2023, the euro is the official currency and legal tender in the Republic of Croatia.
➜ During the period of dual price display (from September 5, 2022 at 00:00 to December 31, 2023 at 24:00), the business entity must display the price of goods and services in a clear, legible, visible and easily discernible way in euro and kuna.
➜ During the period of dual pricing, when presenting the bill to the consumer, the total amount on the bill should be dually stated, along with the display of the fixed conversion rate (the fixed conversion rate should be highlighted in a clear, legible, visible and easily discernible way).
➜ Tourism inspectors of the State Inspectorate carry out inspections in the hospitality industry and in the provision of services in tourism.
➜ In the event of unjustified price increases, administrative and misdemeanor measures are taken by the Market Inspection of the State Inspectorate.
➜ The Market inspection will file an indictment for the initiation of misdemeanor proceedings, i.e. issue a misdemeanor order, for which a fine for a legal entity in the amount of HRK 10,000.00 (EUR 1,327.23) to HRK 200,000.00 (EUR 26,544.56) is prescribed. for a responsible person in a legal entity in the amount of HRK 10,000.00 (EUR 1,327.23) to HRK 15,000.00 (EUR 1,990.84), and for a natural person a fine of HRK 5,000.00 (EUR 663.61) is prescribed. up to HRK 15,000.00 (EUR 1,990.84).
