The film received the Grand Golden Arena for best film and Golden Arenas for best director, best supporting actress for Ksenija Marinkovic, best cinematography for Slobodan Trninic, best music for Alfi Kabiljo and Alan Bjelinski, best production design for Ivo Husnjak, and best sound editing for Srdjan Krupjel. The film was also awarded with the FEDEORA (Federation of film Critics of Europe and the Mediterranean) best film award. Debutant Danilo Serbedzija's Seventy Two Days received the Audience award, best leading actor award for the director's father Rade Serbedzija, and best supporting actor for Bogdan Diklic, as well as best make-up for Snjezana Gorup.

Nevio Marasovic picked up the National Critic's Award Oktavijan and best screenplay Golden Arena for The Show Must Go On, as well as the special Breza award for best debutant.

Tomislav Vujinovic and Aleksandar Faraguna won best special effects for the same film. Marija Skaricic won best leading actress for her leading role in Dalibor Matanic's Mother Of Asphalt. Zorana Meic received best costume award for Ivan Goran Vitez's Forest Creatures, and the film was also awarded for best editing (Mato Ilijic). In the minority co-productions competition,

Jasmila Zbanic won best director and Zrinka Cvitesic the best female role Golden Arena for On The Path. Young Tony Grga picked up best actor award for his role in Adis Bakrac's The Abandoned, and the film was also awarded with the FEDEORA (Federation of film Critics of Europe and the Mediterranean) best co-production award.