Ministerial Summit on Agrokor Held Without Croatia

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

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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 Index.hr 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.

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  • There was a traffic accident on the Zagreb bypass road (A3 Bregana-Lipovac), on the 12th km + 500; only one lane is free in direction Bregana. The A1 Zagreb-Split-Ploče is now open for cars only between Posedarje and Sveti Rok, as well as the state road Maslenica-Zaton Obrovački. Detour for other vehicle categories are the state roads through Benkovac-Karin-Obrovac-Gračac. Due to strong wind there is a traffic ban on double-decker buses, vehicles with campervans and motorcycles on the following sections: -on the A7 motorway between Draga and Šmrika, -on the Adriatic coastal road between Bakar and Senj There is an additional traffic ban on delivery vehicles and vehicles with covered cargo area on the Adriatic coastal road (DC8) between Senj and Sveta Marija Magdalena. Traffic is heavy on most of the roads leading towards the interior of the country; on the A1 ZG-St-Ploče and on the A3 Bregana-Lipovac in direction Zagreb, on the A2 Zagreb-Macelj in direction Slovenia and along the Adriatic coastal road. A1 MOTORWAY ZAGREB-SPLIT-PLOČE - at the toll station Lučko: / - at the toll station Demerje: / A3 MOTORWAY BREGANA-LIPOVAC - There is a 1 km long queue at the toll station Bregana in direction Slovenia Roads are occasionally wet and slippery in the eastern parts of the country. Rockfalls and landslides are possible. Adjust your speed to road conditions and to keep the safety distance. Driving restrictions: freight vehicles exceeding 7,5 t - Sunday, 20th of August; until 11PM Sections of the roads closed due to roadworks: -the DC29 from Novi Golubovec (DC29, DC35) -the DC502 Smilčić-Pridraga state road -ŽC5042 Višnjan-Tićan. Traffic is regulated by traffic signals/one road lane is free only: -on the DC1 state road in Knin, on the section Sučević-Otrić in Otrić -on the state road DC2 in Vukovar, (Kudeljarska and Priljevo street) -on the state road DC66 Pula- Raša bridge -on the state road DC206 Valentinovo-Petrovsko. With the sunny and dry weather, more and more cyclists and motorists are on the roads. Other vehicles (such as cars or trucks) should look carefully for bicyclists before turning left or right, merging into bicycle lanes and opening doors next to moving traffic. Check your mirrors and be aware of blind spots before turning. While at a stop sign or red light, make a complete stop in order to let bikers pass, and check for unseen riders. Respect the right of way of bicyclists because they are entitled to share the road with you. Cyclists are not immune to traffic violations: pay attention to red lights and practice arm signaling!
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  • The catamaran lines Mali Lošinj-Cres-Rijeka and Pula-Mali Lošinj-Zadar are currently not operating due to bad weather conditions, as well as the ferry line Prizna-Žigljen. The catamaran line Jelsa-Bol-Split will tomorrow (21st of August) be departing from the port Stari Grad at 6:00 a.m.
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