ZAGREB, April 7 Croatia's indebted food group
Agrokor, which is the country's biggest local private
firm, said on Friday it had asked the government to activated an
emergency law introduced this week to deal with big companies in
"I believe it is a decision taken in best interest of every
employee, partner, supplier and all other stakeholders,"
Agrokor's owner Ivica Todoric said in a statement calling for
the activation of the law.
Agrokor, the biggest employer in the Balkan region with some
60,000 people, piled up debts worth some 45 billion kuna ($6.42
billion), or six times its equity, due to rapid expansion of its
business, most notably in Croatia, Slovenia, Bosnia and Serbia.
($1 = 7.0129 kuna)
(Reporting by Igor Ilic. Editing by Jane Merriman)