Foreign-Owned Firms Outperform in Croatia as D.TRADING Enters Top 50 Ranking

Foreign-owned companies operating in Croatia outpaced their domestic counterparts in 2024, according to the latest Lider Media ranking of the country’s Top 50 companies by revenue. While the overall group experienced a modest 1.5% revenue decline, the drop was largely attributed to a 19.7% fall in revenues from nine state-owned enterprises. In contrast, foreign-owned companies posted a 10.2% increase in revenues, while domestic firms saw a 12.4% decline.

Among the year’s most notable entries is D.TRADING, which debuted in 29th place, making it one of only two newly established companies to break into the Top 50. Founded in 2021, D.TRADING operates in the electricity, gas, and fuel trading sectors and has rapidly expanded across Southeast Europe.

In Croatia, the company has announced two major projects:

• The Brda Umovi wind farm near Split

• A transformer station, described as “unlike anything built in Croatia in the last 20 years,” intended to connect renewable energy projects to the national grid

Although both projects are still navigating the permitting process, D.TRADING’s affiliated company DRI has demonstrated accelerated progress elsewhere in the region — already commissioning over 270 MW of renewable capacity in Romania, including operational wind and solar farms.

D.TRADING’s strong performance reflects the broader success of foreign investors in Croatia’s evolving energy and infrastructure sectors, as well as the strategic importance of regulatory alignment in accelerating clean energy deployment.

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