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Serbia says Croatia's Agrokor will pay debt to Serbian suppliers without delay

Serbia says Croatia's Agrokor will pay debt to Serbian suppliers without delay Ramljak during the meeting with Ljajic and Nedimovic; Source: Serbian Government

BELGRADE (Serbia), May 18 (SeeNews) - Croatia's troubled food and retail concern Agrokor has committed to paying its outstanding debt to Serbian suppliers without delays, Serbia's government has said

Agrokor's Serbian subsidiaries Dijamant and Frikom are fully ready for the upcoming grain harvesting, the Serbian government quoted the receiver of the Croatian company, Ante Ramljak, as saying in a statement on Wednesday.

During a meeting with Ramljak, Serbian trade minister Rasim Ljajic and agriculture minister Branislav Nedimovic have agreed to carry out periodical meetings to coordinate their steps with regard to the debt crisis in Agrokor.

The state of Agrokor affairs is normalising in the entire region, Ramljak said during the meeting, according to the statement. 

On April 10, the Croatian government appointed Ramljak as receiver of Agrokor to lead a restructuring process in the country's largest private concern under a new law adopted by the parliament a week earlier. The law, commonly known as 'Lex Agrokor', was drafted by the government in response to the financial woes of Agrokor.

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