- Friday, November 10, 2017 4:23 PM
Zagreb, 10 November 2017 (MIA) - The Croatian parliament began a debate on Friday on an opposition no-confidence motion against the government over its handling of a debt crisis that had hit Croatia’s largest firm Agrokor, Reuters reports.
The opposition, led by the Social Democrats, says that the government, which took over administration of Agrokor last April, was not running the restructuring process transparently. It also says that the whole process has been politicized.
“The government has failed to provide credible answers on key questions in relation to the law on Agrokor,” the opposition said in its motion.
The no-confidence motion is unlikely to succeed as the center-right coalition comprising the conservatives and the liberals has a small but firm parliamentary majority. A vote is expected on Friday.
The government introduced an emergency law to intervene because Agrokor, the largest employer in the Balkans, faced a debt and liquidity crisis.
The opposition has criticized the government for a liquidity loan agreed in recent months with creditors, including foreign investment funds, to finance Agrokor’s operations through a 15-month period of restructuring.
It said that the loan deal was not transparent and appeared to favor some creditors. The government and Agrokor’s crisis manager Ante Ramljak reject the accusations. lk/16:22
All Rights Reserved.This material may not be stored, published, broadcast, rewritten or redistributed in any form, except with the prior express permission of Macedonian Information Agency.
- 5:35 PM | DM Sekerinska activities at Munich Security Conference
At the sidelines of the Munich Security Conference (MSC), Macedonia's Defense Minister Radmila Seker...
- 4:00 PM | Speaker Xhaferi attends Kosovo independence celebration
Macedonian Parliament Speaker Talat Xhaferi attended Sunday the celebration marking the 10th anniver...
- 3:46 PM | BESA Movement elects Afrim Gasi for its leader
Afrim Gashi has been elected Sunday for a new leader of the opposition 'BESA' Movement. At the party...
- 3:19 PM | Massive tax bill takes fizz out of Coca-Cola result
US President Donald Trump's tax overhaul dealt a temporary blow to Coca-Cola, but the beverage giant...
- 2:52 PM | Macedonian Orthodox believers celebrate the Forgiveness Day
Macedonian Orthodox faithful celebrate Procka, a holiday that begins the Great Easter Lent period an...