Agrokor

London's Westminster Magistrates Court on Monday ruled that there are no legal obstacles for Ivica Todoric, owner of indebted food and retail company Agrokor, to be extradited to Croatia.

Media reported on Monday that, under UK law, Todoric's lawyers had failed to prove that he was a victim of political persecution in his home country.

"The new Agrokor" will start doing business in the fall, the minister in charge of trade in the Serbian cabinet told Prva TV.

According to Ljajic, the dynamic of the upcoming events concerning the company, that will get new owners, was revealed during a meeting last week.

Croatian opposition parties are demanding Minister of Economy Martina Dalic's resignation over her role in the crisis in Agrokor - the debt-ridden food giant whose bankruptcy threatens to undermine the financial stability of the country.

The Croatian government announced on Tuesday that it has appointed Perusko to head Agrokor with Irena Weber as his deputy, after the huge company's previous extraordianary manager, Ante Ramljak, stepped down.

Ante Ramljak confirmed his resignation as manager of Agrokor to the daily Vecernji list after meeting Prime Minister Andrej Plenkovic and Economy Minister Martina Dalic.

Agrokor confirmed Ramljak's resignation on Wednesday.

"Agrokor is a big company, with big assets, it will definitely not remain in the form of one company. We are monitoring the settlement and, accordingly, it will certainly be sold. We will be a big investor in the agricultural processing part," the Serbian businessman told Croatia's RTL, Tanjug is reporting on Tuesday citing seebiz.eu.

More than eight months after the Croatian state took control of the hugely indebted Agrokor company, the management has decided to transform debts owed to creditors into ownership of the company.

The Croatian Interior Ministry confirmed Tuesday that police had received information that Ivica Todoric, owner and founder of Croatian giant Agrokor, turned himself in to London police on Tuesday morning.

BELGRADE - Employees of Serbian companies owned by Croatia's troubled food concern Agrokor Group have no reason to fear for their jobs as the firms are stable, says Zarko Malinovic of the Chamber of Commerce and Industry of Serbia, noting the companies' ownership could change hands.

BELGRADE - The Serbian government is set to establish a ministerial team to monitor the situation regarding Croatia's troubled food concern Agrokor to prevent a potential fallout in the Serbian market.