The Agrokor concern said on Sunday that its survival was not at stake and that its management was working, together with key investors, on repositioning the corporate system and on defining a new business model that would protect the interests of all Agrokor stakeholders, taking care primarily of employees and their jobs and suppliers and partners.

The food and retail concern today issued a public statement, saying the reason was a large amount of information about it in the media, including incomplete and false information, that could result in a wrong perception of the concern's current status.

Agrokor is the biggest Croatian and regional company with strong brands, a strong market position and quality employees, the concern says in the statement, noting that its total revenue accounts for 15% of Croatia's GDP and that it is one of the generators of the country's economic development, primarily in the food and agricultural industries.

"The position and survival of Agrokor and its companies are not at stake. The concern's management and key investors are working on repositioning the system and on defining a new business model that will protect the interests of all stakeholders, taking care primarily of employees and their jobs and suppliers and partners towards which Agrokor will continue fulfilling all obligations it has taken over. The business model to be chosen will soon be presented to all main partners and employees. Agrokor will accept only such a model that will not be to the detriment of its employees and suppliers and that will fully protect their interests as well as be acceptable to the concern's investors," reads the statement.

The media reported today that representatives of the Kras, Vindija, Dukat, Podravka and Franck companies were expected to hold a meeting on Monday to agree on how to proceed with their business activities that involve Agrokor.

Latest news

Hong Kong elects pro-Beijing candidate Lam; activists vow opposition

Carrie Lam, formerly Hong Kong's second-highest-ranking official, was voted in to the island's top spot Sunday by a small circle of electors, a move that raises the spectre of further tensions between authorities and pro-democracy activists.

Indian girl alleges gang rape by eight school teachers

Indian police are investigating allegations of gang rape and blackmail against eight teachers at a private school in western India.

Thousands of Yemenis protest against Saudi forces on war anniversary

Thousands of Yemenis gathered in rebel-held Sana’a on Sunday to protest the fact that it's been two years since Saudi Arabian forces began an air campaign in support of a government that was ousted from the capital years ago.

Hamas closes border with Israel after senior figure killed

The Islamic Hamas movement on Sunday closed the border between the Gaza Strip and Israel, in a sign of growing tensions after the assassination of one of Hamas' senior figures.

Pentagon: US airstrike in Afghanistan kills al-Qaeda leader

Qari Yasin, an al-Qaeda leader, was killed in a US airstrike in Afghanistan earlier this month, the Defence Department in Washington said Saturday.

IS claims credit for Bangladesh blasts as death toll rises to six

The Islamic State militant group has claimed responsibility for bomb blasts near a suspected militant hideout in Bangladesh, according to a report, while police said on Sunday that the death toll from the explosion had risen to six.

Bulgarians vote in new snap poll as EU, Russia and Turkey watch

Voting began Sunday in Bulgaria's third snap parliamentary election since 2003 amid expectations that it would once again result in a fragmented parliament.

Serbian politics blindsided as white jester grabs nation's attention

He mocks everything, including himself. He is not even real. Yet Ljubisa Preletacevic Beli is the runner-up in popularity polls ahead of Serbia's April 2 presidential elections.

One reported dead in shooting on Las Vegas Strip

One person was dead and another injured after a shooting on the Las Vegas Strip Saturday, police said, according to media reports, just hours after burglars hit a popular casino hotel.

Andorra end run of 58 defeats in 0-0 draw with Faroe Islands

Football minnows Andorra played to a 0-0 draw against the Faroe Islands in World Cup qualifying on Saturday to end a run of 58 straight defeats in competitive games spanning almost a dozen years.

Croatian PM: Government's aim is Agrokor's long-term sustainability

Prime Minister Andrej Plenkovic said on Saturday that the government's aim was for the Agrokor food company to ensure, if possible, liquidity and a restructuring plan on its own as well as long-term sustainability.

East African countries pledge to integrate Somali refugees

East African leaders on Saturday pledged to facilitate the free movement of Somali refugees in their countries, calling for alternatives to camps for the refugees, whose number stands at about 900,000 in the region as well as Yemen and Egypt.

Demonstrations erupt at funeral procession in Bahrain

Dozens of protesters marched on Saturday in northern Bahrain at a funeral procession for an 18-year-old, who died after he was shot during a raid by security forces.

Rights group: Hundreds arrested in Belarus anti-government rallies

Hundreds of people including dozens of journalists were arrested across Belarus on Saturday as the country staged its annual anti-government rallies, human rights group Viasna said.

Iraq, US to investigate Mosul civilian killings

The United States and Iraq said on Saturday they would investigate reports that hundreds of civilians have been killed during the fight to retake Mosul from the Islamic State extremist group.

Rallies across US as Trump licks wounds from healthcare defeat

Supporters of US President Donald Trump planned marches of varying sizes in cities across the country on Saturday.

Erdogan says he accepts that death penalty could block Turkey from EU

Turkish President Recep Tayyip Erdogan said he accepted that reintroducing the death penalty could put an end to his country's bid to join the EU, as he continues to campaign for a referendum on expanding his powers.

Militiamen execute 42 police officers in central Congo

Militia fighters in central Congo have killed 42 police officers and abducted six others in an ambush, a provincial parliamentary officer said Saturday.