Croatian media claims Orco Property Group’s Vitek and former CEO Ott working together

Local Croatian media reported March 20 that in a controversial partnership between the founder of Orco Property Group, Jean Francois Ott, and the company’s majority shareholder, Czech multimillionaire Radovan Vitek, the two have come to an agreement with banks to buy out unpaid loans plaguing the troubled Suncany Hvar hotel group. ...

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The Czech tunnel—what goes in never comes out

Picture the scene: The femme fatale enters the room, slyly eyes the corporate detective and then lays it on him. “I believe my business partner is up to no good.” Now imagine this is a daily occurrence—only (unfortunately) without the alluring femme fatale. In fact, most of the time we are looking at a wide-eyed private equity consultant or a nerve-wracked entrepreneur bordering heart attack mode. No, it’s ...

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