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 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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  • The roads are wet and slippery in Gorski kotar mountain area and in the northern coastal area. During the day difficulties can be expected in roadwork areas - there are traffic jams on the A1 motorway after Lučko paytoll 5th-8th km in direction Karlovac, 20th-19th km in direction Zagreb. In Učka tunnel in Istria one lane is free only tonight (25 April) 10pm-6am. 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. One lane is free only/traffic is flowing in reduced lanes on the following motorways:-A2 Zagreb-Macelj between Zaprešić and Zabok junctions 20th-18th km in both directions; -A3 Bregana-Lipovac between Kutina and Novska junctions 119th-120th km in both directions; -A6 Rijeka-Zagreb at Svilno viaduct 78th-80th km between Orehovica and Čavle junctions in each direction till 1 June; -A8 in Istria on the section Lupoglav-Učka tunnel. Roadworks on the A4 Zagreb-Goričan motorway (Zagreb detour road): - 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; - till 26 April traffic is suspended in the exit lane of Popovec junction from direction Goričan towards Popovec, detour for direction Vrbovec-Popovec: Sveta Helena junction (A4)-Sveta Helena-DC3 Goričica-Belovar-Žerjavinec-Soblinec-Popovec junction, for direction Goričan (A4)-Sveta Helena: Komin junction (A4)-DC3-Sveti Ivan Zelina-Donja Zelina-Žerjavinec-Soblinec-Popovec. Lepenica rest area (at 57th km) on the A6 Rijeka-Zagreb motorway is closed till 15 June, the previous rest area and petrol station is the one Ravna Gora (at 30th km), the next one Cernik-Čavle (17,8 km away from Lepenica). 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. 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.
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  • 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. Passenger traffic is dense at: -Bregana (an hour) and Kaštel (30 minutes) in the outbound direction. Freight traffic is heavy at: -Ilok (30 minutes), Erdut (2,5 hours) and Tovarnik (3,5 hours) in the inbound direction, -Tovarnik (30 minutes), Rupa (30 minutes), Pasjak (45 minutes), Bregana (3,5 km) and Bajakovo (2 km) in the outbound direction. In the inbound bus traffic there are delays at Erdut (2,5 hours), in the outbound at Pasjak (45 minutes) and Rupa (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.
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  • Rijeka-Rab-Novalja, Split-Hvar-Vela Luka-Ubli and Split-Hvar-Korčula catamarans do not operate due to strong wind. Zadar-Ošljak-Preko ferry does not stop at Ošljak port. Other ferries operate regularly.
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