Prime Minister: ‘Lex Agrokor’ is a reform per se, a purgative and transformational moment for the economy

Prime Minister Andrej Plenković stated on Thursday that he expects the extraordinary administration of Agrokor, following the publication of audit reports, to continue the restructuring process of the group in collaboration with creditors and to reach an agreement that will ensure business sustainability and job retention.

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Reflecting at the beginning of the Government session on the recent publication of audit reports for Agrokor (tag) and its affiliated companies, Plenković said that the state of the financial records and the real situation revealed the depth of the problems that existed in the group.

He added that it was necessary to engage one of the leading global auditing firms to present the real state of affairs.

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“The Law on Extraordinary Administration in Companies of Systemic Importance in the Republic of Croatia is a reform per se and it will mark that purgative transformational moment in the way of doing business in the Croatian economy. I believe that is the greatest value. Of course, we must not forget that the negative effect on the economy and the financial system, suppliers, small, medium, large, and family farms, and the stability of companies operating in neighboring countries has been prevented. All of this has been averted due to this law and the work of the extraordinary administration,” said Plenković.

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He expects the extraordinary administration to continue the restructuring process in collaboration with creditors and ultimately reach an agreement that will ensure business sustainability and job retention, as well as the stability and functioning of the Croatian economy.

“That is what we are engaged in, what guides us – the common good and public interest. As for the work of judicial institutions and other processes for which they are responsible, that is a job in which the Government of the Republic of Croatia does not interfere and will not interfere in any way,” concluded the Prime Minister at the beginning of the Government session.