Replacing kuna with euro, massive price hikes after setting euro in Croatia

Replacing kuna with euro, massive price hikes after setting euro in Croatia

Just two days after Croatia joined the eurozone by changing its national currency into euros, citizens have faced significant increases in the prices of basic foods. Croatias complain that businesses have abused prices, with the excuse they have collected “collected”. Prime Minister Andrej Plenkovic held a meeting with the relevant ministers and [...]

Croatias complain that businesses have abused prices, with the excuse they have collected “collected”. Prime Minister Andrej Plenkovic held a meeting with the relevant ministers and inspection authorities, for plans the government will take to protect consumers from unjustified price hikes.

The Euro-EURO introduction is no reason for increasing the prices of goods and services”, Plenkovic said. Croatia's Economy Minister, Davor Filipovic, said that businesses that raise prices unwarrantably will be punished.

Retailers are increasing prices month after month. And now, in this situation with the euro, they're raising prices even more while trying to cheat citizens. I'm telling everyone that they want to use the conversion of the currency at the expense of the citizens, it won't work. ”

Croatia changed its currency to the euro on January 1st and officially entered the visa-free zone of Europe, Schengen, two important events for this state that was member of the European Union almost a decade ago.

Local Kuna and Euro currency will exist together for a very short transition period, which will last only 14 days. /abcnews.al. /

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