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Ljubljana – The European audiovisual industry needs modern legislation that will reflect the rapid development of digital technologies on the market, agreed participants of a regional conference on copyright. They called for the implementation of the EU copyright directive on the single digital market and a mechanism that would protect artists.

Turkey's external assets stood at $297.4 billion by the end of August, up 16.4 percent from the end of 2020, according to Turkish Central Bank data released on Oct. 18.

Liabilities against non-residents fell 9.1 percent to $589.7 billion during the same period.

Turkey's net international investment position (NIIP) showed a recovery this June, falling 25% compared to end-2020, the Turkish Central Bank said on Aug. 19. 

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The country's external assets climbed 7.4% to $274.4 billion while its liabilities against non-residents slipped 12.4% to $555 billion in the same period.

Austrian energy drink giant Red Bull lost its trademark cancellation lawsuit against a local company producing soda in the Mediterranean province of Antalya.

In the last hearing of the case held in an Ankara court, Red Bull's case was dismissed on the grounds that there was no similarity between the two trademarks.

The Romanian Foresters Association (ASFOR) has registered at the State Office for Inventions and Trademarks (OSIM) the "Romanian Wood" trademark, which aims to capitalize on wood products from Romania, only from sustainable-managed forests, operated by Romanian companies and capitalized on transparently.

A Chinese brand is on top

Ljubljana – Monday’s commentary by the business daily Finance paints a picture of an arrogant government in Slovenia along with an incompetent opposition “and us in the middle, dividing ourselves”.

When foreign investors were fleeing crisis-ravaged Greece in droves, it was the Chinese who stayed put. They expanded their investment portfolio in the country, and especially in sectors with long-term prospects.

The 10 per cent rise of income in Bulgaria since the beginning of 2019 will be offset by the expected inflation growth, financial analyst Tsvetomir Tsachev told the BNR.

The financial net worth of the general government sector is the total value of its financial assets minus the total value of its outstanding liabilities. Positive financial net worth signals the strength and health of public finances. It also shows the government will be able to continue its policy programs without experiencing financial stress.