Croatia Joins EU as 28th Member State

Two decades since fighting itself free of Yugoslavia, Croatia becomes the 28th member of the European Union at midnight on Sunday against a backdrop of economic woes in the Adriatic republic and the bloc it is joining.

The country of 4.4 million people becomes only the second of the seven states carved from federal Yugoslavia to enter the EU, following Slovenia in 2004.

It represents a milestone in Croatia’s recovery from a 1991-95 war to secure independence in which some 20,000 people died.

The country’s Adriatic coastline has since become a magnet for some 10 million tourists every year, but a biting recession now in its fifth year has taken the shine off Sunday’s celebration.

CNBC

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu