Croatia government survives no-confidence vote over Agrokor debt crisis
The Croatian government survived a parliamentary no-confidence vote early on Saturday that the opposition demanded over the handling of a debt crisis at the country’s largest private firm Agrokor, APA reports quoting Reuters.
In the vote, which followed 12 hours of a parliamentary debate, 59 deputies in the 151-seat parliament were in favor of the removal of the conservative-led cabinet, while 78 were opposed to it.
The no-confidence motion came as the opposition led by the Social Democrats said a liquidity loan agreed in recent months with creditors, including foreign investment funds, to finance Agrokor’s operations through a 15-month period of restructuring lacked transparency and favored some creditors.
The analysts expected the motion to fail as the center-right cabinet comprising the conservatives and the liberals has a small but firm parliamentary majority.
The government introduced an emergency law last April to step in because food group Agrokor, the largest employer in the Balkans, faced a debt and liquidity crisis that threatened to destabilize the country’s economy.
The opposition said that the loan deal was not transparent and appeared to favor some creditors. The government and Agrokor’s crisis manager Ante Ramljak rejected the accusations.
Related news releases
- 20.02.2018U.S. attaches great importance to stability in region – Georgian PM
- 20.02.2018Turkish army to lay siege to Afrin city center soon: Erdogan
- 20.02.2018Turkey remands 13 for promoting PKK/KCK on social media
- 20.02.2018Turkish, Russian, Iranian FMs to meet in 2 weeks
- 20.02.2018Turkey warns against pro-Syria regime militia in Afrin
- 19.02.2018Turkish, Iranian leaders discuss Syria on phone
- 19.02.2018Ankara renames US embassy's street after Operation Olive Branch
- 19.02.2018Turkey warns Assad regime against supporting YPG/PKK
- 18.02.2018Armenian President suggests normalizing relations with Turkey through a new document
- 18.02.2018Latvian Central Bank Governor detained in corruption probe
- 18.02.2018Small earthquake hits Britain, strongest for 10 years
- 18.02.2018Thousands rally against Munich Security Conference in Germany
- 17.02.2018Sweden grants citizenship to scientist sentenced to death in Iran
- 17.02.2018Blast at Agricultural Plant in Northern France Leaves 2 Killed
- 17.02.2018Georgian, Turkish PMs discuss regional transport projects
- 17.02.2018Moldova to host summit of GUAM prime ministers
- 17.02.2018Lavrov: Russia Ready for partnership with EU, US based on mutual respect
- 17.02.2018Turkey, US joint statement alludes to YPG terror group
- 16.02.2018Uncertainty reigns in final polls ahead of Italy election
- 16.02.2018Tillerson: US will 'work on' its Manbij promises given to Turkey
- 16.02.2018Tillerson: 'US, Turkey will act together'
- 16.02.2018Two killed in Turkish military training plane crash
- 16.02.2018UK Business leaders propose partial customs union with EU
- 16.02.2018PM Yildirim sends condolences to US Vice President
- 16.02.2018Turkish president, US secretary of state meet for 3 hours and 15 minutes in Ankara - UPDATED
- 15.02.201822 families evacuated after huge sinkhole opens up in Rome
- 15.02.2018Turkey, Germany vow to improve strained ties
- 15.02.2018U.S. State Secretary arrives in Turkey
- 15.02.2018Leading Swiss rail company to construct carriage-building and repair plant in Tbilisi
- 15.02.2018Turkey’s opposition leader Kilicdaroglu hospitalized
- 15.02.2018NATO to modernize command structure
- 14.02.2018Turkish defense min. meets US counterpart in Brussels
- 14.02.2018France will strike Syria if chemical weapons use proven
- 14.02.2018Saakashvili promises more protests in Ukraine
- 14.02.2018Turkish, Greek prime ministers speak over phone
- 13.02.2018Martin Schulz resigns as German SPD chief
- 13.02.20183 killed as migrant boat capsizes in NW Turkey
- 13.02.2018Dutch foreign minister resigns after lying about Putin
- 13.02.2018UK judge refuses to withdraw arrest warrant for Assange
- 13.02.2018Turkish defense head attends anti-Daesh meeting in Rome
- 11.11.2017Six Daesh suspects arrested in Istanbul
- 11.11.2017Turkey puts in great effort for peace in region: Min.
- 12.11.2017Turkey says purchase of S-400 from Russia 'completed'
- 10.11.2017Catalan parliament speaker released from Spanish jail
- 10.11.2017More than 100 PKK terrorists killed in 1 week in Turkey
- 10.11.2017Car rams into crowd near school in Southern France