Number of New Businesses in Knin Rises Despite Employment Issues

Lauren Simmonds

Copyright Romulic and Stojcic
Knin, Croatia
Knin, Croatia

As Suzana Varosanec/Poslovni Dnevnik writes on the 5th of August, 2020, according to the amount of total revenue in 2019, the most successful small privately owned enterprise registered in Knin is Transport Beton Lubina, with 43.1 million kuna in revenue.

Enterprises based in the Croatian city of Knin, located in the Dalmatian hinterland, who have been operating within the corporate income tax system for the last ten years without exception have shown a positive consolidated financial result, according to Fina’s recent analysis which was prepared on the occasion of Victory and Homeland Thanksgiving Day and Croatian Veterans Day.

However, the net profit in the amount of 12.1 million kuna, which was reported in Knin last year, which also the highest in the observed period 2010-2019, seems to be encouraging. It is as much as about 55 percent higher than in 2010, and about 34 percent higher than it was back in 2018.

The total revenue of this group of Knin-based businesses were the highest back in 2011 when they amounted to 429.2 million kuna, and the lowest was in 2018 (173.5 million kuna), while last year they were at the level of revenues earned back in 2010, which is equal to revenues of around 215 million kuna in total.

As previously stated, according to the amount of total revenue earned in 2019, the most successful small privately owned enterprise with its headquarters in Knin is Transport Beton Lubina with an impressive 43.1 million kuna. The production of concrete products for construction is the predominant activity of this company, which is owned and managed by Srećko Lubina. The company employs nineteen people and their average net salary in 2019 was around 5300 kuna per month, which is well above the Knin average.

The number of enterprises based in Knin increased from 75 in 2010 to 88 in 2019, an increase of 17.3 percent, but the number of employees decreased from 615 (2010) down to 510 (2019), which marks a decrease of a similar 17.1 percent. As such, it can be assumed that one of the reasons is the stated negative trends in terms of the amount of the net salaries of employees in Knin.

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