Ministerial Summit on Agrokor Held Without Croatia

By , 20 Apr 2017, 09:31 AM Business
Ministerial Summit on Agrokor Held Without Croatia Source: Agrokor

Share this:

Ministers from Serbia, Slovenia, Montenegro and Bosnia and Herzegovina meet to discuss the Agrokor case. Interestingly, Croatian representatives were not invited.

Ministers of trade and economy of Serbia, Slovenia, Montenegro and Bosnia and Herzegovina met on Wednesday in Belgrade to discuss Agrokor's problems. They decided to form a ministerial team to communicate on a daily basis in order to exchange information and take joint measures to preserve jobs, protect the interests of Agrokor’s suppliers and ensure stable business operations for companies from the group which operate in these countries, reports on April 20, 2017.

According to a statement after a meeting with Serbian Prime Minister Aleksandar Vučić, the ministers agreed that that in future each of these countries will monitor financial and trading operations of companies connected with Agrokor. The ministers also expressed their readiness ti talk with representatives of the Croatian government to stabilize the group.

The ministers expect that the Agrokor’s commissioner, who has been appointed by the Croatian government, will name independent experts to successfully restructure the companies which are part of the group, said the ministers in a statement. There is also strong expectation that the new Agrokor management will treat all suppliers in the same way, both in Croatia and abroad.

Slovenia is expected to soon adopt a special law informally called “Lex Mercator” in order to protect the company from the possible withdrawal of money to Agrokor’s bank account. Other countries in which Agrokor’s firms operate have not yet announced similar plans. Mercator is a large Slovenian retailer which is part of the Agrokor group.

“There is a different situation in each of the countries in relation to Agrokor. In Bosnia and Herzegovina, there are 10 such companies employing 6,000 people; in Serbia there are twice as many workers, while in Montenegro 1,500 employees work for Agrokor,” said Mirko Šarović, Bosnian Minister of Foreign Trade and Economic Relations. He added that the expectations of the participants of the Belgrade meeting were that all companies would be treated equally. Šarović stressed that the agreement on the common solution was not aimed against anyone, but was rather a contribution to the stabilization of Agrokor.

Croatia adopted a special law, so-called “Lex Agrokor”, which enabled the government to appoint a special commissioner who will lead the restructuring process of the group in the next 15 months. There is a possibility that governments of other countries in which Agrokor operates might adopt similar legislation for companies in their countries. Agrokor’s headquarters is in Croatia, but it has extensive holdings in neighbouring countries.

Photo of the day

From Croatia with Madness

Croatia Traffic Info

  • Due to rain roads are wet and slippery in Gorski kotar and Lika mountain areas, in the northern coastal area, in Dalmatia, in the eastern, central and northwestern parts of Croatia. During the day delays can be expected in roadwork areas. Drivers are invited to keep distance and to adjust the speed to road conditions. With the bad weather the headlights have to be on during the day as well. Tonight (24 May) 10pm-6am traffic is suspended on the DC1 Solin-Klis highway from Split towards Klis Grlo, tomorrow night (25 May) from Klis Grlo towards Split. Detour: ŽC6253 regional road. 10pm-5am it is also closed on the DC404 state road in Rijeka between A.K.Miošića street and Vežica junction. Till 9 June between 9am and 10am, 8pm and 9pm traffic is occasionally suspended for about 15 minutes on Rijeka detour road at Rujevica junction in both directions. One lane is free only/traffic is flowing in reduced lanes on the following motorways:-A1 Zagreb-Split-Ploče in Brinje and Mala Kapela tunnels in both directions till 10 June, between Karlovac and Jastrebarsko junctions 23rd-21th km in direction Zagreb; -A2 Zagreb-Macelj between Jankomir and Zaprešić junctions 1st-4th km in both directions; -A3 Bregana-Lipovac at Kutina-Ilova bridge (106th km), between Kutina and Novska (117th-120th km) in both directions, between Popovača and Križ junctions (79th-78th km) in direction Zagreb; -A4 Zagreb-Goričan - till 9 June traffic is suspended in the entrance lane of Kraljevečki Novaki from direction Sesvete and Dugo Selo towards Ivanja Reka junction, there is a local detour; in the roadwork area traffic is flowing in reduced lanes; -A6 Rijeka-Zagreb at Svilno viaduct 78th-80th km between Orehovica and Čavle junctions in each direction till 1 June; -A7 motorway between Draga and Sv. Kuzam junctions in both directions. Due to roadworks traffic is suspended: -on the DC1 state road in Lučko and Stupnik (Zagreb); -on the DC8 Adriatic road at Posedarje; -on the DC6 state road, section Glina-Dvor border crossing, detour: Glina (DC37)-Petrinja-Hrvatska Kostajnica-Dvor; -on the DC47 Lipik-Novska state road at Jagma 7am-7pm. Traffic is regulated by traffic signals/one road lane is free only:-on the DC1 state road in Knin until 14 July; -on the DC1 state road at Klinča Sela, Tušilović and Mostanje; -on the DC1 Sinj-Klis Grlo state road at Dicmo; -on the DC8 Adriatic road on the section Kaštel Stari-Kaštel Gomilica, at Podstrana, on the section Zaton Doli-Bistrina, at Srebreno; -on the DC66 Pula-Most Raša state road; -on the DC75 Poreč detour road, section Vrvari-Bijela; -on the DC62 Veliki Prolog-Metković state road at Most Metković.
    Read more
  • During the day difficulties can be expected at the border crossings with Slovenia, Bosnia and Herzegovina and Hungary due to traffic density and occasional additional controls. Outbound freight traffic is dense at Bregana, Ličko Petrovo Selo (2 hours), Bajakovo (1 km), inbound passenger traffic at Bregana (25 minutes), outbound passenger traffic at Ličko Petrovo Selo (30 minutes), Županja (20-30 minutes) and Karasovići (30 minutes). Due to roadworks at Županja and Slavonski Brod border crossings delays can be expected. At Harmica border crossing traffic is allowed for vehicles up to 7,5 tonnes only.
    Read more
  • Ferries operate regularly.
    Read more

mod send your news

Photo galleries and videos