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Billions are sinking into a Balkan black hole

Published Wed, May 10, 2017 · 09:50 PM
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FIGHTS don't come more lopsided than this: global giants Fidelity International and Axa Investment Managers facing off against the likes of a chocolate and biscuit maker to get paid following the stunning collapse of Agrokor dd, the biggest company in the former Yugoslavia.

But in this Balkan battle, it's confectioner Kras dd that has the edge.

That's because the Croatian government has intervened to put the interests of almost 5,000 domestic businesses ahead of international financiers in the wake of an aborted Russian-led re-organisation and allegations that its books were …

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