At the first glance, the downfall of Agrokor comes as satisfaction for many, especially those who do not sympathise with Ivica Todorić.

Agrokor's troubles in Slovenia are understood as a small victory after the Croatian conglomerate took over Slovenian retailer Mercator in 2013.

It is hard to calm down those who find it right that Agrokor is in trouble, but this is not surprising given the saga on the sale of Slovenian car parts maker Cimos, which has failed because Croatia wanted Slovenia to settle a "phantom debt".

While 4,000 jobs are at stake in Cimos, at least 15 times more jobs are at stake in Agrokor, including more than 11,000 in Slovenia.

"If the ship sinks, more than 60,000 people in the region will be worse off," Delo said, adding that this could mean that they would buy cheap replacements instead of original Slovenian food.

Regardless of the way in which Agrokor will be salvaged, there is no reason to laugh, and "we can only wish the neighbours that their cow lived for a long time" , the paper said in today's commentary.