THE SOLVENCY OF COMPANIES IN CROATIA AND IN EUROPEAN UNION

The aim of this paper is to analyze solvency and insolvency of the companies in Republic Croatia and European Union. Analysis of Croatian economy is divided in two periods: before year 2000 and after year 2000 when various fiscal and monetary measures brought, have reduced insolvency. One of the major steps in monitoring the state of insolvency is that in 2008., Financial Agency (FINA) has introduced a new way of tracking insolvency, which excluded “bad depth” from the past. Overdue paying in the countries of European Union is also present and that is the rule, not acceptance. Because of that reason in 2002 EU brought measures in the form of Directive of overdue paying. The measures prescribed by the Republic of Croatia, but also by the European union contributed to responsible behavior of entrepreneurs, and thereby reducing the insolvency.