While Aleksandar Vučić and Ana Brnabić throw sticks and stones at the citizens of Serbia who dare to vacation or work in "hostile" Croatia, the Minister of Energy Dubravka Đedović Handanović has a business in Zagreb that she did not report at home until journalists discovered it.
Minister of Mining and Energy Dubravka Đedović Handanović is a co-owner of 35 percent of the shares in the Croatian company "Kulturistria" from Zagreb, nominal value 101.340 euros, which she officially reported to the Agency for the Prevention of corruption only on June 8, 2026, after the media discovered her business.
According to the Croatian court register, she has been a co-owner of this company since December 6, 2022. That information was not mentioned in her earlier property reports, the portal N1 reported.
In the previously given official statement by Đedović Handanović, the company "Kulturistria" has no business activities, no employees, nor does it make a profit, and its only asset is the land purchased before it entered the ministerial position, the portal "Danas" reported.
The Croatian portal "Teleskop" states that the co-owners of the company "Kulturistria" are Croatian actor Goran Bogdan and Sarajevo architect and musician, member of the band Letu pike, Nedžad Mulaomerović.
Information about this is publicly available on the companywall.hr portal. It is also stated there that Bogdan is the representative of the company.
The data of that portal also show that the company is registered under code 5510 for "Hotels and similar accommodation", that the size of the company is categorized as a micro-entrepreneur with an active status.
In 2025, the company recorded a loss of 176 euros (income 750 euros, higher expenses), while in 2024 the loss amounted to 9.997 euros (with income of 15.350 euros).
Although the company has practically no employees and no income, according to the portal Nova, "Kulturistria" has valuable long-term tangible assets valued at 283.900 euros. It is about a large plot of land with an area of about 22.000 square meters located in Istria, in the town of Žminj.
Croatian media emphasize that the fact that foreign citizens and politicians own companies or buy attractive land in Istria is not legally disputed, because the two countries have regular economic cooperation.
"However, the problem arises when this fact is viewed in the context of the political rhetoric coming from Belgrade. For years, the Croatian coast, Croatian politics and Croatian society have been portrayed as something problematic or hostile, while at the same time, business ties with Croatia can be found among people from the very top of the government," writes the Croatian portal Teleskop.
The same portal points out that it is particularly interesting that Serbian President Aleksandar Vučić and former Prime Minister Ana Brnabić repeatedly criticized Serbian citizens for going on vacation to Croatia or commented on Croatian tourism in a negative context.
"Such messages create the impression that any association with Croatia is politically undesirable. But when it turns out that members of the Government have companies, land or other interests in Croatia, then the criteria obviously change," writes the Teleskop portal.
The main focus of the public in Serbia is focused on the fact that Đedović Handanović entered that business in the period between September and December 2022, i.e. at the time when she took office in the Government of Serbia, and that she did not officially declare her share of 101.340 euros in Serbia until the opposition and domestic investigative media started the affair.
The program director of the organization Transparency Serbia Nemanja Nenadić emphasizes that Đedović Handanović violated the Law on Prevention of Corruption, because she had the obligation to report the information on the ownership of the company from Croatia in a timely manner, since she has been in public office since 2022.
In a statement to FoNet, Nenadić said that, according to the provisions of the Law on Prevention of Corruption, failure to declare assets could be a misdemeanor, noting that the law foresees a fine of 100.000 to 150.000 dinars for submitting inaccurate or incomplete reports on assets and income.
As he noted, in this particular case, ownership data was not provided in several reports submitted from 2022 to May 2026.
"If the property existed even before taking office, there was an obligation to report it in a timely manner," said Nenadić.
He added that the same law provides for criminal liability in the event that an official omits some information about his property in order to conceal it.
The public prosecutor would have to prove the existence of such an intention, in order to obtain a criminal conviction, which entails a prison sentence of six months to five years.
Nenadić assessed that it is too early to predict whether criminal proceedings will be initiated at all, or only misdemeanors, since there is not enough data on previous practice in similar cases.
According to him, the first step should be the action of the Agency for the Prevention of Corruption, which should first turn to the prosecutor's office to assess the existence of elements of criminal responsibility, and only if criminal proceedings are not initiated, misdemeanor proceedings could follow.
"The order is important because there have been cases where the misdemeanor decision is later treated as a settled matter, which can affect the possibility of conducting criminal proceedings on the same factual basis," said Nenadić.
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