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Atlanska Plovidba struggle over six year period Atlanska Plovidba struggle over six year period

Over 2,000 entrepreneurs registered in Dubrovnik in 2016

By  Feb 09, 2018

Analysis carried out by the Croatian Financial Agency show that there was an increase of 23 percent in the number of business owners in Dubrovnik from the period of 2008 to 2016. The data, which is concentrated on business with their registered head office in Dubrovnik, shows that in 2008 there were 1,622 business owners in the city and in 2016 this had risen to 2,006.

The number of employed people in the city also increased, this time by 5 percent, and in 2016 there were 11,021 people in employment.
In spite of the overall positive figures the financial results were much less impressive. When compared to 2008 the net revenue of businesses in Dubrovnik in 2016 was almost 70 percent lower, mainly due to the global financial crisis. One of the largest companies in Dubrovnik, the shipping company Atlanska Plovidba, had revenues of 1.36 billion Kuna in 2008, however in 2016 this had fallen to 355 million Kuna, and affected the overall profitability of Dubrovnik businesses.

One of the most important business sections in Dubrovnik is tourism and in 2016 there were 336 companies registered in the tourism field. Among the biggest is Adriatic Luxury Hotels, which with 770 employees in 2016 and total revenues of 453 million Kuna, proved their position as the leading accommodation company in the city.

As far as salaries were concerned the figures from the Financial Agency show that in 2016 the average monthly salary was 5,673 Kuna net, which was 10.4 percent higher than the rest of Croatia.