Croatia Celebrates Bumper Summer Season After Joining The Euro. But Locals Aren't So Happy

Figures released by Croatia's Ministry of Tourism show a 12 per cent increase in visitors compared to 2022.

More than 9 million people have visited Croatia this year, according to the Croatian Ministry of Tourism. This figure is a 12 per cent increase on 2022.

It means the tourism sector's revenues are higher than they were in 2019 when tourists all but disappeared due to COVID.

According to the Zagreb government, the reason is simple - Croatia joined the euro and the Schengen zone at the start of this year.

“The eurozone made everything easier for tourists. They don't have to look for exchange offices, don't need to check the rates," says Antonio Miskovic who works at one of the biggest yacht clubs in the Adriatic.

But it's not such good news for locals, "I think for people who live here, it was a big change. They're still trying to adapt to the new prices."

Many vendors in the tourist hotspot of Trogir say they don't believe the ministry’s figures. They say there are at least 20 to 30 per cent fewer tourists than last year.

Many Croats are finding inflation hard to handle. It peaked at 13.5 per cent last November, and while it has gradually been coming down, there was a spike in January when Croatia switched to the euro. It has now it has settled at 7.6 per cent.

With tourism accounting for 20 per cent of Croatia's GDP, good performance is vital for the country. 

For the moment though, there seems to be a big difference between what the locals feel and what the figures show.

RECENT NEWS

Christmas Jobs: How Are Postings And Searches Faring This Season?

Seasonal job postings and searches on Indeed in the UK show a clear trend, peaking in November. In 2024, searches hit a ... Read more

Irish PM Simon Harris Says Israel's Decision To Shutter Dublin Embassy 'regrettable'

Israel announced on Sunday it would shut its mission in the Irish capital because of what Israel's Foreign Minister call... Read more

€70 Billion A Year For 25 Years: The Cost To Get Europes Energy System Ready For Green Transition

“If our competitiveness hinges on having the cheapest energy prices in the world, we have a problem,” E.ON’s CEO t... Read more

Markets Week Ahead: Eurozone Business Activities And Fed Rate Decision In Focus

Market movements this week will hinge on eurozone business activity data and key interest rate decisions by major centra... Read more

Clean-up Ongoing In Mayotte After Cyclone Chido Devastates French Overseas Territory

Chido brought winds in excess of 220kph when it made landfall on Saturday, according to the French weather service, ripp... Read more

Starmer In Norway To Discuss Green Energy Deal Ahead Of Defence Talks In Estonia

Starmer said the energy partnership with Norway would help boost growth and protect against fluctuations in energy price... Read more