Asset battle begins as firm with 12,000 staff collapses
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A major employer of 12,000 people is reportedly falling apart, sparking a fight for its remaining assets. The company's disintegration is forcing key strategic players to reveal their hands as they move to secure what is left of the business.
City halls in Zagreb, Zadar, and Trogir are raising taxes on vacant properties to force them onto the market. The move has already sent property owners to their lawyers, who claim that deregistering tenants may offer a simple way to bypass the new charges.
The capital is also watching the fall of Aleksandar Vučić in Belgrade, where a student-led movement took 51.71% of the vote. While the new Serbian government remains nationalistic, the hope in Zagreb is that a change in leadership might finally settle the region’s long-standing diplomatic frost.