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
BIRN
Zagreb
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.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Premium Selection

serbia-in-two-minds-over-new-imf-deal-07-17-2017
20 Jul 17

Serbia in Two Minds Over New IMF Deal

With the economy in relatively good shape, a question mark hangs over whether Serbia needs a fresh arrangement with the Fund.

kosovo-war-court-president-promises-impartial-justice-07-19-2017
20 Jul 17

Kosovo War Court President Promises Impartial Justice

The president of the Kosovo Specialist Chambers, Ekaterina Trendafilova, told BIRN the new court has no ethnic bias, will protect its witnesses from intimidation and deliver justice impartially and independently.

19 Jul 17

New Migrants Face Old Terrors on Balkan Route