Economy of Croatia

The merger was presented on Tuesday by Petrol Olimpija president Tomaž Berločnik, the chairman of the Slovenian energy company Petrol, and Cedevita Zagreb president Emil Tedeschi, the head of the Croatian multinational Atlantic Grupa.

This accounts for over 50 percent of the country's exports and nearly half of the total retail revenues, according to figures released by the Serbian Chamber of Commerce and Industry (PKS).

After a Zagreb court ruled on Tuesday that that former owner of the indebted food giant Agrokor, Ivica Todoric, can be released after paying one million euros in bail, Todoric announced on Wednesday that he would run for elections, win power and turn Croatia in the right direction.

Zagreb County Court spokesperson Kresimir Devcic said on Tuesday that the court has decided that former Agrokor owner Ivica Todoric can be given a conditional release from pre-trial custody after the investigating judge received confirmation that one million euros in bail has been paid.

Zagreb County Court spokesman Kresimir Devcic said the court had decided that former Agrokor boss Ivica Todoric can avoid pre-trial jail by paying a hefty bail sum.

"The judges have altered the decision of the investigating judge regarding bail. They believe that, with appropriate precautions in place, bail can serve the same purpose as investigative detention," Devcic said.

Ivica Todorovic, former owner of the hugely indebted food giant Agrokor, was extradited to Croatia from London on Wednesday evening.

Todoric was transferred to Croatia via a regular flight line of Croatia Airlines accompanied by plainclothes policemen. 

Former Economy Minister and Deputy Prime Minister Martina Dalic launched her new book 'The Collapse of Crony Capitalism' on Monday, insisting there was no corrupt conspiracy involved in the government's efforts to save Croatia's heavily indebted food and retail company Agrokor.

Croatian tycoon and former owner of indebted food giant Agrokor, will be extradited to Croatia after Judge Duncan Ouseley in London's High Court handed down his verdict on Thursday, making the first-instance verdict final.

And that man was Serbian President Aleksandar Vucic, Chepurin said in a post on Twitter on Monday - a day after the Russian victory that led the nation's football team to the quarter-finals, where they will square off against Croatia, who were better than Denmark.

Chepurin said that Vucic's optimism expressed during their meeting on June 29 had "surprised him."

Croatia's parliament on Friday confirmed the appointments of a new Vice-Prime Minister and Economy Minister - who will be in charge of handling the Agrokor crisis.

Following the resignation of Martina Dalic on May 14, her former positions are assigned to Agriculture Minister Tomislav Tolusic, as Deputy Prime Minister, and to Darko Horvat, as Economy Minister.