A prototype of a regional electric train by Končar – an electric vehicles transport company founded in 1921. Končar now has about 4,000 employees. Its annual turnover is approximately €320 million, of which more than half is made through export.

The economy

Major companies

In 2012, the top 1,000 Croatian companies made HRK 428 billion (EUR 57 billion) in revenue, while at the same time they earned HRK 17 billion (EUR 2.3 billion) profit. The total exports of the 1,000 largest Croatian companies amounted to HRK 78 billion (EUR 10.4 billion), an increase of 2.2% compared to 2011. With a total of HRK 27.5 billion (EUR 3.7 billion), the largest turnover in 2012 was achieved by INA, the Croatian oil company, followed by HEP, Konzum, Prirodni plin and Hrvatski Telecom.

10 largest Croatian companies by total revenue

1. INA 6. Zagrebačka banka
2. Hrvatska elektroprivreda 7. Privredna banka Zagreb
3. Konzum 8. HEP – proizvodnja
4. Prirodni plin 9. OMV Hrvatska
5. Hrvatski telekom 10. HEP – operator distribucijskog sustava

Major private companies

In Croatia there are several large companies under private ownership which play a significant role in foreign trade. Some of them are significant technological innovators.

Agrokor is one of the 250 largest retail chains in the world, with its own production capacities, and about 35,000 employees. Jana water is one of its most important export products.

The Atlantic Group is one of the leading food companies in the region, the leading European producer of food for sportsmen and women, the largest producer of food supplements in the region, a prominent producer of personal hygiene products, the leading distributor of consumer goods in Southeast Europe and the owner of the largest chain of pharmacies. It employs about 4,300 workers in 11 countries. Its product, Cedevita (an instant vitamin drink) is one of its export brands.

Podravka from Koprivnica primarily produces food products and has about 7,000 employees. Its product, Vegeta (invented in 1959 under the leadership of Zlata Bartl), is a food supplement that is well known throughout Southeast Europe.

The Vindija food industry has about 4,000 employees in Croatia and the region. Its trademark Cekin is a sign of high quality food.

Kraš is a chocolate and sweet manufacturer, with nearly 2,600 employees. The chocolate confection Bajadera is one of the most recognisable Croatian products.

Končar, the electronics company, has almost 4,000 employees. In cooperation with the company Gredelj, it produces trains and trams that compete worldwide for regional, suburban and city transport. Končar has developed many technological innovations at its plant, for example, wind turbines used for constructing wind power stations.

The Adris Group consists of two strategic business units: tobacco and tourism, with about 1,000 employees. It developed from the Rovinj Tobacco Factory (Tvornica duhana Rovinj).

Public (state-owned) companies

Public companies of exceptional interest for the country, mainly in the fields of transport, energy and municipal utilities, and for the management of natural resources, are under state ownership, or in mixed ownership under state control. Some of them are:

Croatian Forests (Hrvatske šume), a company founded in 1991 to manage forests, which cover about 40% of the country. It takes care of the economic and protective aspects of the use of forest assets.

Croatian Water (Hrvatske vode), a water management company, was founded in 1996 for the protection of the water assets of the country and to ensure the constant availability of water for the needs of the population and industry, on the basis of the principles of sustainable development.

The Croatian Electricity Company (Hrvatska elektroprivreda), was founded in 1990 to work in the production, transmission and distribution of electricity, and the supply and distribution of gas and heating. It has 25 hydroelectric power stations and 8 thermal power stations, which use heating oil, natural gas and goal as fuel.

Croatian Railways (Hrvatske željeznice), the railway company founded in 1990. Its units are: Passenger Transport, Cargo, and Infrastructure for the maintenance, modernisation and construction of the railway infrastructure.

The Adriatic Oil Pipeline (Jadranski naftovod), a company for the management of the oil transport system for domestic and international users, for the storage of oil and oil derivatives, and for the transhipment of liquid cargo. It was founded in 1974.

Croatian Radiotelevision (Hrvatska radiotelevizija) is the media institution comprising Croatian Radio (founded in 1936) and Croatian Television (founded in 1956).

Croatian Roads (Hrvatske ceste) was founded in 1991 to manage state roads, for their maintenance, protection and the planned development of the road network.

Croatia Airlines, the national airline, was founded in 1989

Jadrolinija, a passenger shipping company, was founded in 1947. It has a fleet of 50 ships (4 large passenger ferries for coastal transport and international lines, 33 ferries for local passenger transport, 8 catamarans, a hydrobus and 4 classical ships).

Adriatic Croatia International, a company founded in 1983, manages 21 marinas along the coast. It has one of the best-known nautical harbour systems in Europe.

Croatian Motorways (Hrvatske autoceste), was founded in 2001 for the management, construction and maintenance of motorways.