Profile 27 Apr 17

Ivica Todoric: Croatia's Tycoon Who Wanted Too Much

Ivica Todoric, the man who transformed his flower company into one of the Balkans' biggest business empires, Agrokor, now faces the possibility of seeing the debt-ridden firm go under.

Sven Milekic
Ivica Todoric. Photo: Beta

The owner of the single biggest company in Croatia and one of the country's richest people, Ivica Todoric, has been at the centre of a political and economic storm after it emerged that his business giant Agrokor is so heavily indebted that it may collapse.

If the company went bankrupt, it would deliver a painful blow to Croatia’s economy and would devastate small farmers across the region to whom the company owes large sums.

Todoric was forced to hand Agrokor over to the state, which introduced an ‘extraordinary manager' to deal with the financially-challenged conglomerate.

With their own castle, a private island, yachts and VIP friends, Todoric's family have been in the public eye for years as the most important members of the country's post-war 'jet-set' - and one way or another, he looks set to remain the focus of media attention.

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