Smokvica: Revitalisation Plan Sought for Todoric Family’s Former Island

Lauren Simmonds

Updated on:

Smokvica is a little island located in the picturesque Sibenik archipelago in Dalmatia. This beautiful, quaint paradise was once used by the notorious, formerly untouchable Todoric family, the head of which is Ivica Todoric, the former owner of the Agrokor empire.

As Poslovni Dnevnik/Darko Bicak writes on the 18th of February, 2020, after the island was returned to state ownership after the Agrokor crisis broke out back in 2017, resulting in the sale of Todoric’s property to try to attempt to cover costs incurred during his alleged dodgy dealings, the Ministry of State Property signed a thirty-year lease with Green Real Estate (Zelena nekretnina d.o.o.), founded by a Hungarian fund.

That lease was signed back in mid-2018.

After Lex Agrokor came into force and Agrokor was signed over to the state, eventually transforming and much later becoming the current Fortenova Group, Smokvica almost disappeared from public view in terms of media coverage. This stunning yet mysterious island was used privately by the Todoric family for some twenty years, and when the dynasty fell and the truth came to light, the problem of revitalising the island of Smokvica arose.

This was the topic of a recent meeting at the Ministry of State Property (MDI) with tenant representatives, Sibenik-Knin County, the Municipality of Rogoznica and the relevant ministries in search of a solution for a possible conversion model that would be legally applicable to the island of Smokvica, on which there is still some military infrastructure.

Now that Smokvica is entering a new phase after twenty years or so of being the ”home” of the Todoric family during the summer months, shut off from the rest of Croatia and indeed the rest of the world, an agreement is being attempted to be reached by involved parties and the current thirty-year lease holders to revitalise the island which was once the paradise of one of the country’s most notorious families.

Make sure to follow our dedicated business page for much more.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment