Karlovac Weapons Manufacturer Wins Prestigious Fina Award

Lauren Simmonds

As Poslovni Dnevnik writes on the 11th of June, 2019, Fina declared New Yorker as the most successful retailer, while Zagreb’s Global food (Globalna hrana) company in is the most successful entrepreneur in tourism and hospitality, and in the field of professional, scientific and technical activities, the winner is Booking.com.

The Karlovac-based arms producer HS Produkt was awarded the Fina’s Golden Balance Award for the most successful company in terms of financial rating in 2018, and with this award for the overall winner, the Karlovac company was also awarded the Golden Balance for the most successful entrepreneur in the manufacturing industry.

The Golden Balance is the award given by the Financial Agency (Fina) to the most successful entrepreneurs/companies in each business, it is attributed in the scope of the overall ranking of eleven financial indicators in five categories, according to the indicators of profitability, liquidity, indebtedness, activity and cost-effectiveness.

Out of the 131,117 companies who submitted their financial reports based on Fina’s methodology, a mere 3,930 were selected, who then entered a shortlist for the award, which was comprised of 208 micro entrepreneurs, 2,527 small entrepreneurs, 978 medium, and 217 large-sized entrepreneurs.

In addition to HS Produkt, Gold Balance Awards were also awarded to Bovis from Viškovac as the most successful entrepreneur in agriculture, forestry and fisheries, followed by Radlovac from Orahovica in mining and quarrying, HEP Proizvodnja (Production) in electricity, gas, steam and air conditioning supply, and Spectra-media from Zagreb for water supply; sewage disposal, waste management and environmental remediation activities.

The most successful retailer, as previously stated, is New Yorker, while the Global food (Globalna hrana) company from Zagreb is the most successful entrepreneur in tourism and hospitality, and in the field of professional, scientific and technical activities, the winner is Booking.com.

Among the construction industry, the Split Road Company was awarded, Zadar Airport was proclaimed the most successful in the field of transport and storage, and Hewlett Packard was awarded by FINA in the field of information and communication activities.

Minister of Economy, Darko Horvat, pointed out that all winners won awards in conditions where there is no improvisation, only the facts and figures referring to the last year in which the Croatian economy grew by 2.6 percent.

Horvat estimated that the first quarter of this year opened a “new perspective” and that the second quarter would be “similar.” In the first quarter of 2019, Croatia’s GDP grew by 3.9 percent in comparison to the same period last year. He hopes for the economy to grow by 5 percent next.

He pointed out that the competent ministry and Fina worked together on several projects, mentioning the creation of a legislative framework that will allow for e-bills to be exchanged from the beginning of next year through already existing infrastructure.

Make sure to follow our dedicated business page for much more.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment