Latest News from Romania
Bulgaria's Average Monthly Wage Lowest in EU, Balkan Countries
Bulgaria ranks last in terms of income not only among EU member-states but also in the region, showed a survey of the Confederation of Independent Syndicates in Bulgaria (KNSB).
The nominal amount of the average monthly wage in Bulgaria of EUR 420 is about 5.5 times lower than the average levels for the EU, where it is EUR 2,293.
Greek money boosts Bulgarian and Romanian banks
The flight of capital from Greek banks last year appears to have boosted bank deposits in Bulgaria and Romania, as Grexit fears, capital controls, the political uncertainty and the 23-day bank shutdown led many small and medium-sized enterprises to relocate from Greece to the other two Balkan states in the European Union.
Cigarette Smuggling Reaches New Peak in Romania
Cigarette smuggling in Romania recorded a sharp monthly increase of 22.8 per cent in September, the biggest monthly increase in the last two years, according to a study by the market research company Novel Research, commissioned by Romanian tobacco companies.
The black market share of the tobacco market thus rose to 18.3 per cent in September, up from 14.9 per cent in July.
Bulgaria, Russia in Spat over Seized Archives
The head of Bulgaria's State Archives Agency has called "unrealistic" a demand from Russia to receive USD 23 490 in return for archives the Soviet Union seized from Bulgaria during World War Two.
The price tag suggests copies of the archive will be sold for USD 1.74 per page, Mihail gruev, who heads the agency, has told the Bulgarian National Radio.
Serbia Prepares for First Royal Wedding in Decades
Prince Mihailo Karadjordjevic, a grandson of King Alexander I, is preparing a Serbian church wedding after he and his wife married in a civil ceremony in London.
The wedding will take place on Sunday, October 23, at St George's Church in Oplenac, near Topola in central Serbia, where members of the Karadjordjevic dynasty are buried, and which is also the royal family's home region.