ZAGREB, September 22, 2020 – The Dubrovnik-based Improtanne Resort hotel company was given two Financial Agency (FINA) Golden Balance awards on Tuesday – for the most financially successful business according to financial ratings and for the most successful business in the hospitality sector in 2019.
Since 2008, FINA has been giving the annual awards to best businesses in several fields according the criteria of their profitability, liquidity, debts, activities and cost efficiency.
Of the 136,260 businesses which submitted financial statements, FINA shortlisted 2.9%, or 4,008 businesses: 178 micro-enterprises, 2,582 small enterprise, 1,005 medium-sized enterprises and 243 big companies.
For instance, the Rijeka-based Ugor company won this year’s award for the most successful enterprise in the sector of agriculture, forestry and fisheries, the Orahovica-based Radlovac was the winner in mining, Jadranska Vrata from Rijeka in transport and logistics, H&M in trade, the Cepin-based Iver was the most successful business in construction, Zagrebinspekt in the sector of expert, scientific and technical activities.
This year, the award-giving ceremony was held for the first time in a digital form. Addressing this event online, Finance Minister Zdravko Maric recalled that 2019 would be remembered as a year with great achievements of Croatian entrepreneurs.
However, the coronavirus pandemic in 2020 has imposed new challenges on all of us, he admitted.
Since the start of the crisis, Croatia’s government has been managing the situation in a timely and appropriate manner, the minister said.
So far, seven billion kuna has been granted under the schemes aimed at the support to wages and job retention, he added.
FINA management board chair: 2019 with record results for Croatia’s economy
The FINA management board president Drazen Covic said that 2019 was a year with record results for doing business in Croatia.
“In terms of the total revenues, Croatia’s economy rose by more than 10%,” Covic said.
The profit of businesses increased by six percent, and investments in non-material and material assets strongly grew, by 15%, and exports increased by more than six percent, he said.
Since 2020 FINA has been monitoring the trends in employment, and last year, entrepreneurs employed a record high number, nearly 970,000 workers, Covic said.