LJAJIC: Serbia doesn’t need a new law to protect companies owned by Agrokor

For now, no new laws protecting companies within Croatia’s Agrokor need to be adopted in Serbia, Minister of Trade Rasim Ljajic stated and added that “the existing laws provide us with enough instruments to achieve what Slovenians want to do with the law on Mercator”.

According to him, Serbia has sufficient means, thanks to its current laws, to protect its economic interests.

– There’s the ministerial group in the Government of Serbia, a working operating group monitoring the situation daily – Ljajic said and added that they had taken the situation very seriously and that Serbia was the first country to take that approach.

– We are prepared to talk to our Croatian colleagues as well and we are waiting for the feedback – Ljajic pointed out.

Slovenia adopted Lex Mercator on Tuesday in an attempt to protect their interests in the process of restructuring of the commercial chain owned by Ivica Todoric’s concern.

By adopting this law, Slovenians are trying to prevent potential unjustified draining of Mercator’s money to Agrokor, which is insolvent. The law was adopted in an extraordinary situation so as to prevent financial draining of the Slovenian commercial chain.

Croatia previously adopted Lex Agrokor in an attempt to protect the company’s suppliers, employees and property.

Ministarstvo turizma i omladine Republike Srbije

Fortenova grupa d.d.

Poslovni sistem Mercator d.d. Ljubljana

Mercator-S d.o.o Beograd

Vlada Republike Srbije

Mercator

Rasim Ljajic

Lex Mercator

Lex Agrokor