Latest News

Croatia's debt-laden Agrokor 'to seek deadline extension' with creditors 16 Feb 2018

Embattled Croatian food company Agrokor will reportedly ask a court for more time beyond an agreed deadline to reach a settlement with creditors over EUR5.5bn (US$6.8bn) in debt.


Atlantic Grupa to become first official distributor for Mars in Croatia 12 Jan 2018

Croatia's Atlantic Grupa will become the first official distributor of Mars products in the European country from February in a move expected to generate an additional HRK100m (US$16.1m) in revenue this year.


Agrokor creditors open doors to debt settlement plan 9 Jan 2018

Creditors of Croatia's Agrokor, which was put into state administration last year, have lent their support to a draft plan for the settlement of the company's debt obligations.


Agrokor owner Ivica Todoric appears in London court on extradition order 7 Nov 2017

Ivica Todoric, the owner of financially embattled Croatian food company Agrokor, appeared before a London court today (7 November) following his detention under a European arrest warrant.


Agrokor outlines viability plan to sustain troubled company 31 Oct 2017

Croatia's Agrokor outlined a plan yesterday (30 October) to sustain the financially troubled food company, with focus to be directed at stabilising the business, improving operating profits, ensuring liquidity and regaining the market's trust. 


Arrest warrant reportedly issued for Agrokor owner Ivica Todoric 23 Oct 2017

State prosecutors in Croatia have reportedly issued an arrest warrant for Ivica Todoric, the founder and owner of food manufacturer and retailer Agrokor, which is under investigation for financial irregularities including the failure to disclose more than HRK3.9bn (US$611m) in liabilities in 2016.


Former Agrokor executives 'arrested following police raids' 16 Oct 2017

A number of former executives at financially-troubled Croatian food company Agrokor have been arrested following police raids, Croatia's state news agency HINA has reported.  


Croatia's Agrokor audit shows US$612m in undisclosed liabilities 10 Oct 2017

Financially embattled Croatian food company Agrokor failed to disclose more than HRK3.9bn (US$612m) of liabilities in 2016, the company said yesterday (9 October) in its audited results.


Baby food maker Hipp to relaunch product in Croatia in face of 'dual standards' row 26 Sep 2017

Hipp, the Switzerland-headquartered baby food firm, is to relaunch one of its products in Croatia after becoming embroiled in the row over 'dual standards' - western European food manufacturers allegedly providing inferior versions of their products in the former communist countries of central and eastern Europe.


Agrokor faces arbitration proceedings from Russia's Sberbank 29 Aug 2017

Russia's Sberbank has initiated arbitration proceedings against embattled Croatian food company Agrokor and 11 of its guarantors over EUR450m (US$533m) in loans.