As one business closes in Croatia, another three open.
In the first eight months of this year, the number of newly-established businesses in Croatia is almost three times larger than the number of closed businesses. During that period, 8,542 new business entities have been registered. The most common legal form of new businesses is the so-called “company for 10 kuna” – 4,878 such companies have been registered so far and they account for more than half of all new companies. They are followed by limited liability companies, whose share stands at 41.15 percent, reports Vecernji List on September 13, 2015.
Looking at the data geographically, it can be seen that a third of new businesses have been registered in the City of Zagreb – 2,798, or 32.82 percent of the total number. Zagreb is followed by the Split-Dalmatia County, where 839 new businesses have been established, the Primorje-Gorski Kotar County (731) and the Istria County (543). In inland areas, good entrepreneurial climate is the most evident in the Zagreb County and the Osijek-Baranja County.
Looking at the number of closed companies during the first eight months of this year, a positive trend is clearly visible – 2,958 businesses have been closed, which is almost three times less than the total number of newly established businesses. The positive trend is evident in comparing the data with the same period in 2014 as well, since then the number of closed companies stood at 8,432, while the number of newly established businesses was 8,777, so the difference was only four percent.
As expected, in the first eight months of this year, the largest number of closed businesses was recorded in the City of Zagreb (832), followed by the Primorje-Gorski Kotar County (547), the Zagreb County (210), and the Split-Dalmatia County (200). On the other hand, the least number of closed businesses was recorded by the Virovitica-Podravina County (7), the Šibenik-Knin County (22) and the Lika-Senj County (23).
Looking at the ratio of the number of newly established and closed businesses by industry, the most interesting sectors for entrepreneurs have been wholesale and retail trade; motor vehicles repair; accommodation and food services; professional, scientific and technical activities; as well as construction and processing industry.
