This thesis examines the impact of contemporary entrepreneurship trends on the economy of the Republic of Croatia. The impacts are examined by using the appropriate metrics based on relevant literature. In any given country, entrepreneurship is a fundamental factor that induces economic growth and development. Entrepreneurs generate new jobs, production and consumption growth, thus driving the national economy. Through their policies, countries must create a favorable entrepreneurial climate and encourage entrepreneurs to be bold and innovative. Innovative business models are the outcome of entrepreneurial courage. Contemporary entrepreneurial trends are changing the ways products and services are produced, purchased, and consumed. In the present-day technological society, it is expected of entrepreneurs to be proactive. In the Republic of Croatia, numerous administrative barriers often burden entrepreneurs in the startup stage. Other problems include slow technological progress and insufficient investment in research and development. In recent years, the Croatian entrepreneurs have become eager to take risks, engaging in innovative projects despite the unfavorable entrepreneurial climate. Yet, when compared to an average EU country, Croatian entrepreneurs are still at an early development stage.