Croatia's Ministry of Finance reported that Deputy Prime Minister and Finance Minister Marko Primorac participated in a Eurogroup meeting in Luxembourg, where ministers in regular format reviewed the macroeconomic situation and outlook, including fiscal policy issues in the euro area, and held an exchange of views ahead of the forthcoming World Bank and International Monetary Fund Annual Meetings. In inclusive format, ministers discussed the annual progress report on advancing the EU Capital Markets Union, during which Primorac presented a joint Central and South Eastern Europe initiative on capital markets development that the European Commission has recognised as a best-practice example for 2025. The initiative involves eight countries, Poland, Hungary, Slovakia, Slovenia, Romania, Bulgaria, Croatia and North Macedonia, and targets improved access to finance and lower costs for companies, reduced dependence on bank funding, greater visibility of regional capital markets for international investors, and increased participation by institutional and retail investors. The meeting also continued discussions on crypto-assets, including the strategic implications of crypto-assets and stablecoins in the EU, with a focus on risks to financial stability, monetary sovereignty and the international role of the euro. For Euro Summit preparations, the Eurogroup president briefed ministers on a planned letter to the President of the European Council summarising Eurogroup work. The Euro Summit is scheduled for 23 October 2025 and is expected to focus in particular on the digital euro and strengthening the euro’s international role alongside the usual agenda on the economic situation and coordination of economic and fiscal policies.
Ministry of Finance (Croatia) 2025-10-09
Croatia's Ministry of Finance presents Central and South Eastern Europe capital markets initiative at the Eurogroup
Croatia's Ministry of Finance reported that Deputy Prime Minister and Finance Minister Marko Primorac attended a Eurogroup meeting in Luxembourg, discussing euro area macroeconomic and fiscal policy issues. Primorac presented a Central and South Eastern Europe initiative on capital markets development, recognized by the European Commission as a best-practice example for 2025. The meeting also addressed crypto-assets, focusing on risks to financial stability and monetary sovereignty, and preparations for the Euro Summit on 23 October 2025.