Expat analysis: Croatia joins the Eurozone and Schengen on 1 January 2023 - investment opportunities.

10.01.2023

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:

CROATIA JOINS THE EURO AREA AND SCHENGEN ON 1 JANUARY 2023 - INVESTMENT OPPORTUNITIES

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Risk disclosure

This material is for informational purposes only and no part of it should be construed as an offer or solicitation to deal in the sale or purchase of financial instruments and/or professional advice relating to an investment decision. All reasonable steps have been taken to ensure the accuracy of the content, but under no circumstances will Expat Capital AD or Expat Asset Management EAD be liable for such content or make any representations to recipients or third parties regarding the accuracy, completeness and/or correctness of any information included in the document.

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