Croatia PM picks new economy minister to replace Dalic
Croatia’s Prime Minister Andrej Plenkovic arrives at a European Union leaders summit in Brussels, Belgium, March 22, 2018. REUTERS/Francois Lenoir
ZAGREB (Reuters) - Prime Minister Andrej Plenkovic said on Monday he was proposing Darko Horvat as Croatia's new economy minister after Martina Dalic quit last week over her handling of the crisis at Agrokor [AGROK.UL], the country's biggest private firm.
Agriculture Minister Tomislav Tolusic has been nominated to take over Dalic's role as deputy prime minister.
"We're expecting a parliamentary vote on the nomination at the end of the week," Plenkovic told reporters.
Horvat was entrepreneurship minister in a former government led by the HDZ party of which he and Plenkovic are members, which fell apart in 2016.
Dalic stepped down on May 14 under pressure from opposition groups who accused her of failing to prevent conflicts of interest during the restructuring of food producer and retailer Agrokor, the Balkans' biggest employer.
Weighed down by debt accrued during an ambitious expansion drive, Agrokor was put under state-run administration a year ago.
Creditors including banks, bondholders and suppliers, are working with the company's crisis management team on a settlement deal which must be reached before July 10, a legal deadline for avoiding Agrokor's bankruptcy.
(Reporting by Igor Ilic; Editing by Catherine Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump posts AI video of Iran's Kharg in 'smithereens', no evidence of attack
- Bessent pushes back on fears over US debt market strains
- North Korea says hostile US policy unchanged, nuclear arms to keep growing
Create E-mail Alert Related Categories
ReutersRelated Entities
BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share