2017 Croatia Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 18 896

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 500 000

The celebrations of GMW 2017 in Croatia began with the traditional roundtable discussion of stakeholders, organized by the Ministry of Science and Education and Ministry of Finance, with the latter continuing to lead the GMW campaign in Croatia.

Throughout the Week, the Ministry of Science and Education, along with partners, reached nearly half a million children and youth through an information letter regarding the celebration of the GMW and EMW 2017 that was sent to all primary and secondary schools in Croatia. Alongside actual visits to various financial institutions and informative visits of financial experts to schools, teachers were encouraged to mark the GMW by producing interactive learning materials regarding finance. Also, as a part of the celebration, one school in Zagreb produced several infographics.

The Croatian Chamber of Economy (CCE), in cooperation with the Ministry of Finance, Croatian Financial Services Supervisory Agency, Croatian Insurance Bureau, Croatian Employers’ Association, the Association of Managing Companies of Pension Funds and Pension Insurance Companies, Zagreb Stock Exchange and others, conducted a financial literacy awareness session. CCE prepared special promotional and educational materials for all participants. The most interesting is the Pilot Project promotional film “More knowing, better understanding,” which includes opinions of pupils about the Project. More than 40 different media channels were included in activities and events.

The Zagreb Stock Exchange (the ZSE) reached around 230 children and youth through visits to the ZSE. Besides educational visits, ZSE also organized a financial quiz for students. The best player won an educational reward - a one day seminar at the ZSE Academy. Young people were also able to engage themselves in the internet educational game called 'Virtual Stock Exchange'.

The Croatian National Bank (CNB) marked Global Money Week 2017 with a series of educational lectures related to consumer protection for almost 700 students from Croatian high schools. The objective of the lectures was to raise students' awareness on the importance of making informed decisions regarding the use of banking services with a sustainable approach to personal finance. The central event of the Global Money Week 2017 at the CNB was a public debate organized together with the Croatian Debate Society on the topic of "End of cash age - advantages vs. disadvantages". The audience, consisting of almost 200 high school students, also participated in the discussion and, at the end, decided the debate winner – pro cash team.

Štedopis, a non-profit organization, and the Croatian Banking Association launched an online quiz (e-learning), “Online Payments,” with money for three weeks during the month of March in honor of Global Money Week, and will remain for future free use. Štedopis also hosted local financial education workshops for teens and students, as well as a show on national television to promote the free book “My money, my future,” which gives teens and young adults smart lessons about personal finance.

Furthermore, the Croatian Insurance Bureau (CIB) distributed the game “Less Risk-More Fun” to primary and secondary schools in the campaign “Knowledge is the best insurance”.


2016 Croatia Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

DATE OF THE EVENT:

  • 14th - 21th of March

TOTAL OF CHILDREN AND YOUTH ENGAGED:

  • 8 941

GMW2016 in the Republic of Croatia was coordinated by the Ministry of Finance and involved many other stakeholders from the governmental and financial sectors, including the Ministry of Economy, the Ministry of Science, Education and Sports, the Croatian National Bank and other organizations. Celebrations of the Week started with the traditional roundtable discussion on 14 March, organized by the Ministry of Finance and Ministry of Science, Education and Sport under the title: Financial Literacy and Youth. The main objective of GMW was to encourage the activities and systematic education of citizens, especially youth, in the field of financial literacy. During Global Money Week, a number of activities were organized including round tables, student visits to governmental and financial institutions, student debates, lectures for high school students across Croatia, prize contests, presentations and more. In addition, financial institutions assisted with informing the young citizens about the work of banks, insurers, pension funds, the Zagreb Stock Exchange and other financial institutions.

The Ministry of Science, Education and Sports sent a letter to the principals of schools regarding the celebration of the GMW and encouraged student visits to financial institutions, which were organized in order to inform students about their functions. The Croatian Chamber of Economy organized a conference “Financial Literacy and higher education institutions” in cooperation with the Faculty of Economy in Osijek and the Legal – Economic Clinic in Osijek, as well as other lectures and roundtables during the Week, along with the Zagreb Stock Exchange (ZSE) who hosted educational student visits throughout the Week. Moreover, the Croatian National Bank conducted public debates, panel discussions and a symposium “FORCA 2016: Financial Education – Prudential Life Cycle Activity” on 17 March, as well as special lectures for more than 700 higher grade students of the secondary school from around the country.

The Croatian Banking Association published a Financial Guide for Youth and Infographics on Financial Literacy Measurement results conducted by regulators. Banks hosted students, mostly high school or university students, by holding presentations and lectures for visiting classes, while some bankers visited the schools directly.

Many other events were organized by the Croatian Insurance Bureau, the Croatian Financial Services Supervisory Agency (HANFA), the Association of Managing Companies of Pension Funds and Pension Insurance Companies (UMFO) and other organizations.

Society “Our children” Opatija, together with Children City Council Opatija and Children’s Forums of Society “Our Children” Opatija, conducted workshops with children in primary schools on the subjects: “Money and Local Community”, “Money, Saving and Budget”, “My Piggy Bank for Future” and “Learning About Money and Saving”. The objective of the workshops was to raise awareness about the importance of saving by educating children about the history of money, local community and household money flow, differences between needs and wants and the importance of thinking about the future and saving resources. The events aimed to raise awareness about the importance of saving different resources and taking care of the planet and our future, emphasizing that every little act can make big difference. Children from Children’s Forums and Children’s City Council Opatija were also encouraged to take part in GWM Selfie Challenge.

“Save natural resources. If we use them all, we can’t buy them.” Student, Croatia
“Don’t pollute air, use clean resources, we cannot buy fresh air!”Student, Croatia.

2015 Croatia Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 10 402

Croatia celebrated Global Money Week for the second time with numerous activities aimed at raising the levels of financial literacy in the country. On 9 March, the celebrations started with a roundtable discussion on ‘Financial literacy – path to contented citizens’ organized by the Ministry of Finance and the Ministry of Science, Education and Sport of Croatia. At the round table, the Ministry of Finance presented the National Strategic Framework for Consumer Financial literacy for the period 2015 - 2020 and the Action Plan for the Improvement of Consumer Financial Literacy in 2015. These documents represent the basis of financial literacy in Croatia.

Several ministries and associations organized activities during the Global Money Week with the aim to raise the awareness about managing personal finance and finance knowledge amongst youth and children. Ministry of Science, Education and Sports encouraged primary and secondary schools all over the country to get involved in the celebrations and participate in visits to commercial banks’ branches where children could learn about banking system and their work. Based on the recommendations of the Adoption of the Program of Interdisciplinary Curricular Content of the Civic Education in Primary and Secondary Schools, 31 Croatian schools introduced Civil Education, an experimental optional program, for the students in 8th grade. In cooperation with European Commission, Ministry of Economy conducted activities under the campaign "Consumers learn about your rights".

Representatives of Croatian Financial Services Supervisory Agency participated in two round tables discussions on financial literacy and organized a debate on “Pension savings - optimal investment strategy”. Croatian National Bank conducted special lectures for more than 300 higher grade students of secondary schools on the topic "Your money - your safety”, a financial education activity in the function of consumer protection. The National Bank also prepared two information leaflets for students who participated in lectures during the week. The leaflet on savings "Your money - your safety" provides students with information on the current regulations for deposit operations, while the other leaflet provides information on the capabilities of the central bank in the framework of complying with consumer complaints, titled "What to do if you have a complaint against the conduct of the credit institution?"

The Croatian Insurance Bureau and insurance companies took an active involvement in the celebrations by conducting lectures for students in different regions of Croatia. Croatian Employers' Association organized workshop for its members on the subject of availability of financial services for entrepreneurs and the importance of knowing the financial market offerings. Zagreb Stock Exchange also organized visits for the students from several high schools.

The Croatian Banking Association focused their activities on educating young citizens about the basics of finance. They also prepared educational materials on personal finance and economy. Member-banks organized activities such as lectures, roundtables, visits to the banks, museum and exhibitions about money, involving more than 6000 participants.

Erste Group Bank AG & Croatia organized an interactive exhibition “The ABC of Money” at the Technical Museum in Zagreb. The exhibition primarily aimed at children provided an opportunity to understand the financial world in an innovative and educational manner. The children learned to pan gold, trade in the stock market, open a savings account, repay a loan by cycling, print a bank note, how to save and give donation and much more. From 10-13 March, Erste Group Bank AG & Croatia organized visits for the school children to the exhibition. The exhibition was created by ZOOM Children’s Museum Vienna in cooperation with FRida & freD Children’s Museum Graz and was initiated by Erste Group as part of the Sponsoring VALUE Program.

Society “Our children” Opatija and Children City Council Opatija also organized a variety of events during the Week, including holding workshops and information stands in Grammar Schools in the region, and organizing a visit of the Governor of the Erste & Steiermärkische Bank Opatija to the Children City Council Opatija on 13 March.

2014 Croatia Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 10th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 300

Croatia celebrated Global Money Week for the first time this year with an inauguration round table discussion called "Reaching Financial Literacy through Financial Education" (Croatian "Financijskim obrazovanjem do financijske pismenosti") held at the Ministry of Science, Education and Sports’ premises, joined by the representatives of the Ministry of Finance, Ministry of Economy, Croatian National Bank, Croatian Financial Services Supervisory Agency, Croatian Insurance Bureau, Croatian Banking Association and Croatian Employers' Association. The importance of child and youth financial education was the main topic of discussion. Another round table was held in by the Croatian Banking Association and magazine Banka on "Banks in Economy: Who will Take the Risk".

The Croatian Banking Association held a panel discussion called "Money, Banks, Financialization" ("Novac, banke, financijalizacija") at a public library in Zagreb. Prior to the event, the Ministry of Science, Education and Sports sent a letter to all high schools informing them of the celebration and the possibilities to learn more about the Week and financial issues.

A "Croatian Employers' Association Working Lunch" was held in Zagreb where a discussion on monetary and fiscal issues concerning the youth. At the University of Rijeka, in the Faculty of Law, the Croatian Insurance Bureau held a lecture for students on financial literacy, while at the University of Zagreb, Faculty of Economics, the Croatian Insurance Bureau held a lecture for students on financial literacy.

During the week, high school students visited the Croatian National Bank, Zagreb Stock Exchange, as well as some commercial banks and insurers where they learned about the different aspects of their financial responsibilities and options.

Publications, designed for different age groups, were produced and distributed by the Croatian Banking Association and the Croatian Insurance Bureau who distributed the "Mini Banking Dictionary" for children and "What is the Actual Purpose of Insurance, respectively.