The former Yugoslav nation of Croatia has wrapped up its accession talks with EU officials, and should become the Balkans' first member of the bloc by mid-2013, a move that is sure to boost values for property owners.
As the last round of discussions came to a close yesterday, EU Enlargement Commissioner Stefan Fuele said the body was pleased with Croatia's efforts to reform its economy and political system since it broke from Yugoslavia. "In 20 years of independence, Croatia has changed tremendously", Fuele told reporters in Brussels. "It has made impressive progress in meeting EU membership criteria. Today, this has been rewarded."
The next step for the country is the signing of an Accession Treaty, which will be drawn up by the end of this year. It will then have to be ratified by all 27 existing EU member states before Croatia can officially become part of the bloc on its planned accession date, July 1, 2013.
Lydnem Comment
EU membership is good for countries such as Croatia. It makes it easier for non Croatian's from other EU countries to live and work for and they get a lot of aid as a country. It is more debatable for more developed countries such as the UK who seem to just put money in and not take it out. A positive for property investors in the country
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