Expat analysis: Croatia joins the Eurozone and Schengen on 1 January 2023 - investment opportunities.
The New Year started with the big news on the economic horizon for Croatia. After joining the European Union in 2013, the country now becomes part of the borderless Schengen area and adopts euro as its currency starting in early 2023. We would like to draw your attention to the positive effects on the capital market that could take place there in these coming months.
The pandemic had a negative impact on the price dynamics of the main Croatian capital market index CROBEX in the last 3 years. However, followed by a V-shaped recovery in 2021, there are now solid arguments for a continuation of this upturn.
From 2023 onwards, the volatility of the index is expected to decrease and we should see a rebound of equity prices as investors feel the positive effects of the introduction of the euro and Schengen membership.
The full text of Expat's analysis can be found here:
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