The Limited Times

Now you can see non-English news...

The Euro arrives and prices fly. In Croatia the government intervenes

2023-01-10T17:56:05.982Z


There is a sharp rise in the cost of food and services. Price increases on bread and butter up to 30%. Protest the population. The premier announces the freezing of prices for hundreds of items at December levels (ANSA)


   In Croatia, which joined the Eurozone on 1 January with the adoption of the single currency, there is a sharp rise in prices, especially for food and services.

Increases deemed unjustified by the government, which has announced an intervention in the next few days.



   Most of the increases relate to roundings which in many cases far exceed the logic of conversion, with price increases ranging from 5 to 20 per cent compared to prices prior to the introduction of the single European currency.

For this reason, many merchants, restaurateurs and even some supermarket chains have been accused by the press of having taken advantage of the currency exchange.

The wrath of citizens has also exploded on social networks, denouncing, among other things, price increases for bread and butter of up to 30%.

    Prime Minister Andrej Plenković also accused "a part of traders and entrepreneurs of taking advantage of the transition from the Croatian kuna to the euro with this irresponsible behaviour", announcing possible interventions if the situation does not normalize by Friday.

    Plenković said that the government has strong tools "that it will not hesitate to use".

Among the possible interventions we speak of targeted increases in taxes and duties, abolition of subsidies for gas and energy or even the freezing of prices for hundreds of items at December levels.


    In addition to joining the Eurozone, Croatia - the last country to join the EU in July 2013 - also joined the Schengen zone for free movement in Europe at the beginning of the year.

Source: ansa

All life articles on 2023-01-10

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.