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Datum objave: 30.05.2017

PM Plenkovic with the representatives of the Sberbank

Prime Minister Andrej Plenkovic, Sberbank's Executive Board First Deputy Chairman Maxim Poletaev, Economy Minister Martina Dalic

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Maxim Poletaev

PM Plenkovic with the representatives of the Sberbank

Sberbank's Executive Board First Deputy Chairman Maxim Poletaev said on Monday, after talks in the Croatian government, that a solution should be found concerning the indebted Croatian food and retail group Agrokor.

"We had a very clear meeting. We discussed a lot of items and I think we should find a solution," Poletaev told reporters after talks with Prime Minister Andrej Plenkovic and Economy Minister Martina Dalic.

Poletaev, Plenkovic and Dalic talked about the possibility of the Russian bank continuing to finance Agrokor. Sberbank's delegation included the management board chairman of Sberbank Hrvatska, Mario Henjak.

Sberbank’s First Deputy Chairman visits Zagreb to discuss Agrokor  

Following his meeting today with Prime Minister Andrej Plenković, Sberbank’s second most senior executive Maksim Poletaev told the press that further financing from the Russian state owned bank would depend on the level of cooperation from the Croatian government.

Croatia in talks to save country's biggest private company

ZAGREB, Croatia (AP) -- The Croatian government has entered talks to save retailer Agrokor, the country's biggest private company and employer, from bankruptcy.

Agrokor's biggest creditor, Russian bank Sberbank, wants the Croatian government to take over the company's loan obligations before it considers further financing of the troubled company.

Sberbank's deputy president, Maxim Poletaev, said after meeting Croatia's Prime Minister Andrej Plenkovic that future loans to Agrokor will depend "on the level of cooperation" of the government.

"We had a very straightforward meeting," Poletaev said. "We talked about many issues and I think we should find a solution."

Sberbank has said it will provide no new financing for Agrokor until an agreement is reached with the government, which has since April been trying to prevent the collapse of the company and to oversee a debt restructuring.

Agrokor has accumulated an estimated $6.5 billion (5.8 billion euros) in debt, or six times its equity, while rapidly expanding its operations. It owes some 1.1 billion euros ($1.2 billion) directly to Sberbank.

The company needs new loans to pay its suppliers. If they stop delivering goods, the company, which has stores in several neighboring countries, would have no choice but declare bankruptcy.

The Croatian prime minister sounded an optimistic note.

"We are in talks and new financing will come, probably under better conditions," 
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