take-the-buck-novac, corruption.jpg
Photograph: Freeimages.com/Svilen Milev

In 2015, the average revenue per employee in Croatian companies which are wholly domestically owned was nearly three times lower than the average in foreign-owned ones, but domestic companies netted nearly HRK 24,000 in income per employee, ten times more than foreign-owned ones, the Financial Agency has said.

Those findings come from an analysis based on the 2015 register of annual financial reports by 106,569 businesses, including 98,388 (89.5%) were domestically owned and 9,908 foreign-owned (9.3%).

Wholly domestically owned businesses had 686,983 employees in 2015 (81.9% of all employees), generating nearly 68.5% of all revenues (HRK 438 billion), 67.6% of all expenditures (HRK 417.1bn), and 95.2% of all consolidated profits (HRK 16.31bn).

In 2015, foreign-owned companies employed 89,112 employees (10.6% of all employees), generating 20% of all revenues (HRK 127.7 bn), 20.5% of all expenditures (HRK 126.7 bn), 14.2% of all profits, 26% of all losses, and 1.2% of all consolidated profits (HRK 213.1 million).

Revenue per employee in domestically owned companies in 2015 was HRK 637,500, while in foreign-owned ones it was HRK 1.43 million. But the net income per employee in domestic companies was HRK 23,741, while in foreign-owned ones it was HRK 2,391.

The average net monthly wage in domestically owned companies was HRK 4,603, while in foreign-owned ones it was HRK 6,875.

Related stories

Koncar posts lower H1 income, higher profit

Kras reports strong increase in profit

HEP earns HRK 1.2 bln in net profits, invests HRK 175 mln in H1

Croatia's food industry records 43.7% increase in net profit

Latest news

Kim Dotcom loses latest round in extradition saga

German internet entrepreneur Kim Dotcom has lost another legal round after the New Zealand High Court ruled that he and three of his colleagues can be extradited to the United States, but he said Monday his fight is far from over.

Thai monks clash with police on fifth day of high-profile temple raid

Several monks were injured early Monday in clashes with Thai police at a Buddhist temple where thousands of officers have been searching for a former abbot wanted on money laundering and land encroachment charges.

Cambodia passes bill easing requirements to abolish political parties

Cambodia's parliament passed a controversial bill on Monday allowing the government to abolish political parties whose members have been convicted of criminal charges, a senior opposition lawmaker has confirmed to dpa.

Former VP Moreno wins first round of Ecuador's presidential elections

Leftist former vice president Lenin Moreno has won the first round of presidential elections in Ecuador on Sunday, according to preliminary results released by the country's electoral authority.

Report: US and Russia supply over half of global arms

The United States and Russia supplied more than half of the world's arms over the past five years, a period that saw arms transfers reach their highest volume since the end of the Cold War, a Swedish-based research institute said Monday.

Messi's last minute penalty saves Barcelona from shock draw

Barcelona beat Leganes 2-1 with a last minute penalty from Lionel Messi in the Spanish first division on Sunday.

At least 30 injured after explosion in Bogota

A explosion in the Macarena area of Bogota injured at least 30 people on Sunday, many of them police officers who were guarding a bull running through the streets of the Colombian capital.

Vojvodina institutions hold conference on Bunjevci's non-Croat ethnic background

There are around 16,000 members of the Bunjevci community in Vojvodina who deny their Croat ethnic background. They are represented by the Bunjevci National Council which enjoys the support of state authorities, and, since the change of government in Vojvodina, of the provincial authorities as well.

SpaceX rocket blasts off from historic launch pad en route to ISS

A commercial rocket built by SpaceX is on its way to the International Space Station (ISS) with a load of research equipment, cargo and supplies, NASA said Sunday.

Defence deals worth 1.2 billion dollars announced at key UAE show

Deals worth nearly 4.4 billion dirhams (1.2 billion dollars) were reached at a major defence show that opened Sunday in Abu Dhabi, the capital of the United Arab Emirates (UAE), an official said.

Thousands protest in Malta against controversial press law reforms

Thousands of people attended a demonstration in Malta on Sunday, answering a call by the main opposition party to protest against what it described as a threat to democracy and freedom of expression.

London's mayor calls for Trump's state visit to be cancelled

US President Donald Trump should be denied a state visit to Britain due to his "cruel and shameful" immigration policies, London Mayor Sadiq Khan said Sunday.