Stats Show its Getting Harder to do Business in Croatia

Less companies forming and more shutting down paints a bleak picture for Croatia’s economic situation…

In the first six months of 2014 there were 6,920 companies formed, 972 or 12.3% less than in the same period last year. In the same period, 6,159 companies closed down in Croatia, a massive 40% more than in the first six months of 2013. Even some of those companies that remained open did not have it easy, with 14,482 of them having their business bank accounts blocked for at least a 24-hour period in the first six months of the year, up 9.6% from last year.

The regions to suffer the most were the Primorje-Gorski Kotar and Dubrovnik-Neretva Counties, followed by the Vukovar-Srijem County.