Croatia Has the Largest Increase in the Number of Start-Up Companies in Central Europe

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Innovation Croatia, leading the way in Central Europe.

Bisnode, the leading provider of business information in Europe, has prepared an analysis of entrepreneurial activities in the countries of the region. Data on the number of newly-established companies include Croatia, Slovenia, Serbia, Hungary, the Czech Republic, Poland and Slovakia, which are part of the Central European region, reports Poslovni.hr on November 18, 2015.

The number of start-ups in the first half of this year, in comparison with the same period last year, indicates the growth of entrepreneurial activity in the region. The only countries which did not participate in this trend were Slovakia and Hungary, where the number of newly-established companies was 47.9 percent and 22.0 percent lower than in the first six months of 2014. On the other hand, among the countries of the region, Croatia is at the top with a growth rate of 14.9 percent in the number of start-ups, followed by Serbia and Poland, where the number of newly-established companies in the first half of this year was 9.0 percent higher than in the same period last year.

Looking at the share of newly-created businesses in the overall economy in the first six months of this year, Slovenia is at the top, with newly-established companies representing 8.0 percent of all businesses, as opposed to only 1.9 percent in the Czech Republic. The newly-established Croatian companies in the first half of this year accounted for 4.5 percent of the total number of businesses.

Bisnode also analyzed the number of liquidated companies in the same period. Except in Serbia, where the number of liquidated companies increased by 175.9 percent and Hungary with an increase of 1.7 percent, the number of closed companies in other countries in the region dropped significantly. The largest decrease compared to the same period last year was recorded in Slovakia, where the number of closed businesses decreased by 52 percent. Croatia follows with 37.9 percent.

Bisnode Croatia is a leading provider of business information in Croatia and is a part of the international group Bisnode AB, Europe’s largest provider of business information with the headquarters in Stockholm. Bisnode AB has been present on the European business information market since 1989, and brings together more than 2,500 experts from 17 European countries.

 

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