Business

Zagreb-based Enterprises Earn Half the Total Profit of Croatia's Enterprises in 2021

By 5 June 2022
Zagreb-based Enterprises Earn Half the Total Profit of Croatia's Enterprises in 2021
Image: Pixabay

ZAGREB, 5 June 2022 - Enterprises based in the City of Zagreb netted HRK 23.6 billion in profit in 2021, accounting for 52.7% of the profit of all enterprises in Croatia, according to Financial Agency (FINA) data.

Enterprises based in the City of Zagreb, which also has county status, are first according to all criteria, except business efficiency.

A third of all enterprises in Croatia headquartered in Zagreb

The capital city has 47,956 enterprises, a national share of 33.2%, employing 370,800 workers (38.4%), and their revenue totals HRK 433.2 billion, or 48.9% of the revenue generated by all Croatian enterprises.

In 2021, enterprises in the City of Zagreb netted HRK 23.6bn in profit, up 99% on the year.

This was mainly due to the INA oil company with a profit of HRK 1.3bn, the HEP power utility with HRK 1.1 billion, and the Fortenova retail group with HRK 318.2 million. In 2020, Fortenova posted a loss of HRK 2.2bn.

Split-Dalmatia County had 15,908 enterprises last year with 81,050 employees, revenue totalling HRK 56.2bn and a net profit of HRK 2.56 billion, up 412.2% on the year.

Enterprises in Primorje-Gorski Kotar County netted HRK 2.2bn in profit last year, HRK 1.7bn more than in 2020. The county had 11,753 enterprises last year with 63,100 employees and revenue amounting to HRK 45.8bn.

Enterprises in Zadar County netted HRK 1.1bn in profit, up from HRK 74.3m in 2020. Last year 5,650 enterprises operated in the county, with 26,200 employees and HRK 17.6bn in revenue.

Zagreb County had 9,811 enterprises with 66,600 employees which generated HRK 67.8bn in revenue and HRK 2.7bn in net profit, up 16.4% on 2020.

Osijek-Baranja County had 6,134 enterprises with 43,400 employees which generated HRK 33.5bn in revenue and HRK 1.8bn in net profit, up 40.7% on 2020.

The counties with the smallest numbers of enterprises in 2021 were Lika-Senj (1,010), Požega-Slavonia (1,031) and Virovitica-Podravina (1,259). Enterprises in Lika-Senj County, for instance, had 4,918 employees and generated HRK 3bn in revenue as well as HRK 147.7m in profit.

Istria County had 11,785 enterprises last year which netted HRK 1.8bn in profit, mainly thanks to the profits of the tourism companies Valamar Riviera (HRK 304.6m), Maistra (HRK 170.6m) and Plava Laguna (HRK 145.1m).

Dubrovnik-Neretva County had 4,450 enterprises which netted HRK 517m in profit, while Šibenik-Knin County's enterprises netted HRK 217.9m in profit.

In terms of business efficiency, enterprises in Karlovac County came first, followed by those in Zadar and Krapina-Zagorje counties.

(€1 = HRK 7.5)

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