Comment 17 Aug 17

Croatia’s Far Right Will Profit From Agrokor’s Fall

The economic giant’s collapse could have momentous political – as well as economic – consequences, not only for Croatia but for the whole region.

Jasmin Mujanovic
Konzum, the largest Croatian food retailer, is a part of Agrokor Group. Photo: Agrokor press kit

According to a recent piece in Foreign Affairs,the magazine published by the U.S. Council on Foreign Relations, Croatia remains an oasis of stability in a region roiled by discontent.

The article is a feel-good take but it is at odds with Croatia’s bleak reality: a country on the precipice of its worst economic and political crisis since independence.

Of course, in comparison to Serbia and Bosnia and Herzegovina, Croatia is a pack leader. While Serbia slides deeper into autocracy and Bosnian politics remains mired in provincial sectarianism, Croatia will mark five years of formal EU membership in 2018 and nearly a decade in NATO.

Tourism along the spectacular Dalmatian coast continues to power the Croatian economy, and at an estimated 11 per cent, Croatia’s unemployment rate is the second lowest in the region, behind only Slovenia.

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