Agrokor

Moody's changes Agrokor's outlook to negative

The Moody's rating agency on Friday changed its outlook for the Agrokor food retailer from stable to negative, affirming its rating of B3.

FinMin says Agrokor too big a company for state not to pay attention

Finance Minister Zdravko Maric said on Wednesday Agrokor was too big a company for the state not to pay attention to it, voicing confidence that the agricultural and food concern's management would find a way to overcome the business problems.

Ambassador says Russia willing to collaborate with all Croatian companies, including Agrokor

Russia is ready to collaborate with all Croatian companies wishing to develop trade and economic relations with it, including Agrokor, Russian Ambassador Anvar Azimov said on Tuesday.

Dalic: Gov't expects Agrokor to address business challenges promptly

The government expects the management of Agrokor or of any other Croatian company to address all business challenges promptly and efficiently, Deputy Prime Minister and Minister of Economy and SMEs Martina Dalic said on Monday.

Agrokor responds to Russian ambassador's claims

The leading Croatian food and retail concern, Agrokor, stated on Friday, that it had intensive cooperation with all investors, including those from Russia. and that "there is currently no demand for new exposure of Russian banks to Agrokor".

Russia expects Croatia's Agrokor to repay loans to Russian banks

Russia expects Croatia's Agrokor agricultural and food company to meet all its commitments regarding the repayment of loans to Russian banks, Russian Ambassador Anvar Azimov said in Zagreb on Friday.

Agrokor ranks 159th among world's 250 largest retailers

The retail unit of Croatia's Agrokor agricultural and food group ranks 159th among the world's 250 largest retail chains, moving up 33 spots in the ranking, the Deloitte consulting firm said on Monday.

Agrokor says can meet all financial obligations

The Agrokor food and agriculture group said on Thursday it was a stable and strong company capable of meeting all its financial obligations and had no need for additional refinancing.

FinMin comments on situation in Agrokor

Finance Minister Zdravko Maric  said on Thursday that he was aware of the situation in the Agrokor food concern, adding however that he did not think the company would go bankrupt because it was still a good company.

HBOR grants EUR 48.3 mln loan to 4 Agrokor companies

The Croatian Bank for Reconstruction and Development (HBOR) has granted a EUR 48.3 million loan to four companies from the Agrokor food concern to be invested in export development, read a statement issued Monday by the four companies -- Jamnica, Zvijezda, Ledo and Pik Vrbovec.

Konzum keeps leading retailer position in 2015 but its market share drops

With a market share of 20-30%, Konzum was the leading retailer in Croatia in 2015, followed by Lidl and Plodine, with market shares of 10-20%, shows a survey made by the Croatian Competition Agency (AZTN).

British American Tobacco buys 16% share in Tisak news-stands company

The Croatian concern Agrokor and the TDR tobacco company, which is owned by British American Tobacco (BAT), on Wednesday closed a deal whereby Agrokor sold to TDR a 16% ownership share in its news stand company Tisak, Agrokor has reported.

Agrokor and Sberbank sign EUR 350mn loan agreement

Croatia's Agrokor food concern and Sberbank of Russia have signed a EUR 350 million long-term loan agreement for the purpose of refinancing existing short-term obligations, Agrokor said in a press release on Monday. 

PM-designate confident to form gov't in next 30 days

"We will work to form ministries within 30 days, which is the time frame within which I believe we will form the government," Oreskovic told reporters.