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Romania: Average earnings in January 2014

In January 2014, the average gross nominal earnings were 2250 lei, by 7.4% lower than the one registered in December 2013. The average net nominal earnings were 1625 lei, decreasing as against the previous month with 135 lei (7.7%). The highest values of the average net nominal earnings were recorded in extraction of crude petroleum and natural gas (4144 lei), while the lowest in accommodation and food service activities (972 lei). Earnings in relation with the evolution of consumer prices: The real earnings index for January 2014 as against previous month, calculated as the ratio between the net nominal earnings index and the consumer prices index, was 91.5%. As compared to October 1990, the real earnings index was 121.4%, by 11.2 percentage points lower than the one recorded in December 2013.

Bulgaria: Management Board of the Bulgarian Chamber of Commerce and Industry defined the key priorities for the Chamber’s work in the current year

During the regular Annual Meeting of the Management Board of the Bulgarian Chamber of Commerce and Industry (BCCI), the 2013 Annual Report and the Programme for 2014 were adopted. It was noted that the Chamber has managed to achieve its goals set in the previous Programme and to fulfill its financial plans. This has created also preconditions to successfully carry out the plans for the current year. In order to meet the needs of the businesses, BCCI laid emphasis on its activities towards increasing the awareness of the companies as regards the European legislation, on the possibilities for them to participate in projects in order to enhance their competitiveness; as well as on the elaboration, application and implementation of projects. Thus, 41 seminars have been conducted with 1090 participants. New key projects have been drawn.

Montenegro: Railway transport of passengers and goods, 4th Quarter 2013

Number of passenger used transport in the fourth quarter 2013 compared with the same quarter of previous year indicates the increase of 47.1%.The increase in the number of passengers in railway transportation influenced the growth of passenger traffic on the route Podgorica–Niksic. Goods transported in the fourth quarter 2013 compared with the same quarter of previous year indicate the increase of 152.7%.

Greece: KRI-KRI to invest €20m in a new yogurt factory

KRI-KRI is investing a total of €20m in order to build a new, modern yogurt factory in Serres, Greece, following the unfortunate recent event of the fire on its premises. This new investment plan includes new yogurt production lines and also storage facilities for raw materials and ready products, covering 12,000 sq. m. Production capacity will be doubled, compared to the former plant that was destroyed. In full operation, the new factory will provide employment to more than 70 workers. According to schedule, initial operation will begin in summer 2014.

Serbia, National Bank: No legal impediments to PayPal operating in Serbia

The National Bank of Serbia (NBS) once again emphasises that the latest amendments to the Law on Foreign Exchange Operations in December 2012 carved out all legal obstacles for international payments to be carried out through the PayPal service. Article 32 of the Law stipulates that residents may perform international payment transactions in foreign exchange through an e-money institution for the purpose of purchasing and selling goods and services with non-residents. It also sets out that residents' funds kept with PayPal shall not be considered a deposit, but shall be recorded on a subaccount opened with this institution for the purpose of conducting electronic purchase/sale of goods and services.

Romania: Slaughtering of animals and poultry and meat production in January 2014 (provisional data)

Compared to the previous month, in January 2014 the number of slaughtered animals and poultry and their carcass weight decreased for all species. Compared to the same month of the previous year, the number of slaughtered animals and poultry and their carcass weight decreased for cattle and poultry and increased for pigs and sheep and goats. January 2014 as against December 2013: The total number of slaughtered cattle and their carcass weight decreased by 53.3% and by 53.5%, respectively. In the specialized industrial units, the number of slaughtered cattle and their carcass weight decreased by 27.3% and by 29.1%, respectively. In January 2014, the share of the cattle slaughtered in the specialized industrial units was 22.9% of the total slaughtered cattle.

Moldova: National Contest Moldova Eco-Energetica, 2014 Edition, has been launched

The Energy Efficiency Agency is pleased to announce the launch of the largest national competition for rewarding the successful initiatives in the area of energy efficiency and exploitation of renewable energy sources: Moldova Eco-Energetica Contest, 2014 Edition. Moldova Eco-Energetica is a competition aimed at supporting the most important initiatives in the area of efficient production, transmission, distribution and use of energy, targeting the development, promotion and implementation of modern technologies and innovations in the field of energy efficiency and renewables. Since 2012, Moldova Eco-Energetica has granted annually prizes to individuals and organisations that have brought significant contributions to the efficient production, transmission, distribution and use of energy, to the development, promotion and implementation of modern technologies and innovations in the field of energy efficiency and renewables. So far, 65 Applicants enrolled in the Contest current edition.

Bulgaria, Minister of Agriculture and Food Dimitar Grekov: No data about hormones in chicken meat in Bulgaria

"We do not have any data about presence of hormones in the chicken meat produced in Bulgaria. This showed the results of the organized inspections. Bulgarian customers should not be worried", commented in an interview with TV7 Minister of Agriculture and Food, Prof. Dimitar Grekov. "The organised inspections cover the entire production cycle – from the fodder warehouses to the supermarkets. Most of the raw materials used in fodder warehouses are Bulgarian. The chicken meat production and export are controlled very correctly and thus it is impossible to allow the presence of such hormones in the meat" the minister added. Minister Grekov commented further that this week there would be checks on the presence of hormones in the imported products and at the importer companies.

Serbia: Maintaining economic stability

First Deputy Prime Minister Aleksandar Vucic spoke on 8 March with President of the Centre for International Cooperation and Sustainable Growth Vuk Jeremic about the importance of maintaining political and economic stability in Serbia and its role in the international community, with a special reference to the upcoming chairmanship of Serbia over the OSCE in 2015. Vucic stated that Jeremic during his term in office as President of the UN General Assembly did a significant job for Serbia and contributed to improving its reputation in the international community.

Turkey: The Rates of Real Profits created by means of Financial Investment, February 2014

Gold (ingot), one of the financial investment tools, yielded the highest monthly real profit with the rates 2.36% and 3.33% according to Domestic Producer Price Index (D-PPI) and Consumer Price Index (CPI) respectively. According to D-PPI, investors of stock exchange, US Dollar, Euro, Government Domestic Debt Instruments (GDDI) and deposit interest lost by 5%, 1.95%, 1.68%, 1.06% and 0.95%, respectively. According to CPI, investors of stock exchange, US Dollar, Euro, Government Domestic Debt Instruments and deposit interest lost by 4.10%, 1.03%, 0.75%, 0.12% and 0.01%, respectively. Gold (ingot) made the highest real profit with the rates of 4.68% according to D-PPI and 7.76% according to CPI, quarterly. In the same period, investors of stock exchange lost by 19.90% and 17.55% according to D-PPI and CPI.