On 8 September 2022 the Zagreb Stock Exchange (ZSE) announced resolution on amendments to the trading calendar in 2022.
In accordance with the Decision of the Government of the Republic of Croatia on the announcement of introduction of the euro as the official currency in the Republic of Croatia as of 1 January 2023, and based on consultations held with the market participants and the competent authority, ZSE decided that on 29 and 30 December 2022 trading will not take place on XETRA T7 trading system (all segments of the regulated market), nor on Progress market (the multilateral trading platform).
By this decision all ZSE members would be enabled to make an efficient and safe transition to euro currency.
According to currently available information, Croatian Central Depository and Clearing Company (SKDD) working hours on 29 and 30 December 2022 will remain normal. Settlement amounts of all OTC transactions entered and matched in SKDD system on 29 and 30 December 2022 with the settlement date in 2023 will be converted at the default exchange rate of 7,53450 and settled in EUR.
Impact on investors: Clients should take note of the above information.