Krk Companies are Strongest Registered Enterprises on Croatian Islands

Lauren Simmonds

Updated on:

Copyright Romulic and Stojcic
Krk, Croatia
Krk, Croatia

As Poslovni Dnevnik/Ana Blaskovic writes, Krk companies enjoyed an amazing 12.1 billion kuna in revenue back in pre-pandemic 2019, a tenth of the total revenue generated by the tourism sector that record year.

When compared to back in 2018, the income of Croatian enterprises operating in various municipalities, towns and cities of Croatia’s many inhabited islands increased by a fifth in just one single year, according to the analysis of the Financial Agency (Fina).

The strongest island enterprise registered currently in Croatia is GP Krk with a massive 686.5 million kuna in revenue, followed by Trgovina Krk with 428 million kuna and Jadranka hotels with 299.7 million kuna in revenue.

The analysis of financial statements included 4954 Croatian island enterprises registered across 51 cities and municipalities. They employed 23,977 employees in total, equal to 7.1 percent more than were employed back in 2018. When it comes to total export revenue from such companies, as much as 1.7 billion kuna was calculated.

Unsurprisingly, the most numerous of these island-based enterprises operate in the activities of providing accommodation and food preparation and serving, of which 1108 were analysed, and together they generated 3.2 billion kuna, 26.5 percent of the total revenues of companies based on Croatia’s islands.

Unsurprisingly again, tourism activities are also the largest employers: they employ 7,378 workers, which is 30.8 percent of the total number of employees working for island-registered companies. This is followed by trade with 682 companies and 2,874 employees enjoying 2.4 billion kuna in revenue, and construction with 564 companies, 3,195 employees and 1.8 billion kuna in revenue.

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