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One of the region's most important economic news – Agrokor's creditors voted to settle much of the troubled food chain. What does such a decision mean for the Serb companies that belong to this group?
Source: N1
While the Ministry of Commerce is convinced that this is good news, which means the stability of Agrokor companies in Serbia, economists argue that it should be cautious, because the group stability remains debatable.
day "D" for Agrokor – completed with a settlement. The Russians are the new owners of the troubled chicken, ie the Russian Sberbank and the VTB Bank with nearly 47% of the property.
Most of the debts of this food chain will be returned. in Serbia, says Trade Minister Rasim Ljajic for the N1
"There is no risk for the simple reason that the risk of bankruptcy has been eliminated.If this bankruptcy occurred, it is likely that the fate of Argrokor's companies "C is the fate of the employees." That comes down to the trust of the suppliers because until now they had to move forward to pay the raw materials to the suppliers, now I believe that they are going in a normal flow, "said Ljajić
. reports? The ministry does not hide the hope that new investments and investments in Serbian companies that are part of Agrokor will follow. However, Frikom and Diamond Financial Reports show that the crisis has affected their finances.
According to a financial report published on the business register website, Frikom and Diamond, in 2017, worsened their business results. The company Dijamant recorded a loss of 229 million dinars, while Frikom made a profit of 226 million in 2017, which is significantly less than a year ago, when its profits amounted to 1, 52 billion dinars.
Professor Ljubodrag Savic states: is – albeit worse – firm Frikom and Diamond stable. Savic believes that the market conditions over the past year have not been favorable for both companies, especially for Diamond
"It's hard for Agrokor's parts to be good. If Frikom had problems some time ago, regardless of Agrokor. "The diamond problem is in the worst year on the sunflower, and it will take a while to see if this is the consequence of the crisis of Agrokor or its current weaknesses. Compatibility with the return of a visit to a professional audience is an indication that, at least for now, Agrokor will survive. They warn, however, that the stability of the food and trade group in the long run remains debatable.
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