Man Who Announced First Croatian Car Has Company Account Blocked

Lauren Simmonds

As Poslovni Dnevnik writes on the 10th of October, 2020, Boris Smrecko, the businessman who once announced that he’d produce the very first Croatian car, was forbidden to dispose in any sense of his property by the Zagreb Transport Institute. Such an entry in the Court Register is a consequence of the decision of the Zagreb County Court which was passed recently, more precisely on September the 29th, 2020, according to a report from Lider.

Boris Smrecki is otherwise the sole owner and director of ZPT, and through his Slovenian company Kozmo Teh, which is registered in Brezice, he also owns Mac-mobile (formerly Matral), of which he is also the director. That company, among other things, sells used cars and new Russian UAZ and GAZ vehicles.

A pre-bankruptcy agreement, which was initially opened four long years ago, was finally confirmed for that company back in June last year. The company’s creditors have waived 70 percent of the nearly seven million kuna claim, and the rest of the ample sum should be received within the next three years following a one-year grace period. Pre-bankruptcy proceedings would not have been chosen without the consent of the largest creditor, the well known Addiko Bank, which, with its 3.3 million kuna in receivables, found itself rather unusually listed among the unsecured creditors.

It’s worth recalling that in addition to once announcing that he would be the one to produce the very first Croatian car, Boris Smrecki was also the assistant minister of transport in Racan’s former government.

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