12202014Sat
Last updateSat, 20 Dec 2014 5pm

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Islamic finance doubles in size with demand forecast soaring to new heights

Islamic finance doubles in size with demand forecast soaring to new heights

When a Muslim cleric told Ahmad Salim that sharia ...

Serbia finally recognizes Kosovo passports

Serbia finally recognizes Kosovo passports

Kosovo continues to enjoy its independence, but st...

‘Corruption of EU mision in Kosovo has grown exponentially’

‘Corruption of EU mision in Kosovo has grown exponentially’

The European Union's €1bn flagship foreign mission...

Croatia finds no easy access to EU prosperity

Croatia finds no easy access to EU prosperity

At midday, the main food market in Croatia's pictu...

Serbia unhappy as Russia cuts gas deliveries over unpaid debt

Serbia unhappy as Russia cuts gas deliveries over unpaid debt

Russian President Vladimir Putin has decided to cu...

Many Fear 'Anti-European' Government Coalition in Bulgaria

Many Fear 'Anti-European' Government Coalition in Bulgaria

As Bulgaria's newly elected MPs convened at the fi...

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World Global

Massive Oil Spill Threatens Bangladesh's Sundarbans

4 DAYS AGO
Massive Oil Spill Threatens Bangladesh's Sundarbans

An oil tanker carrying 358,000 liters (almost 100,000 gallons) of furnace oil sank in the Shela river on December 7, spilling oil over more than 60 kilometers (about 37 miles) of the Sundarbans. Located on in southwest Bangladesh, the Sundarbans is the largest single block of tidal mangrove forest i...

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Erdogan to EU: Mind your own business!

5 DAYS AGO
Erdogan to EU: Mind your own business!

Turkish President Recep Tayyip Erdogan on Monday responded to the European Union for criticizing the recent arrests of dozen of journalists and other prominent people in Turkey, telling Brussels to "mind its own business."

After South Stream Cancellation, Balkan Countries Left Hanging

13 DAYS AGO
After South Stream Cancellation, Balkan Countries Left Hanging

Bulgarian PM Boyko Borissov, whose country was pinpointed by Moscow as being responsible for Russia's decision to cancel the construction of the South Stream pipeline, stated Wednesday that Sofia hadn't received yet an official notification from Russia involving its decision.

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Economy

After Russian Ruble, Turkish Lira Hits Record Low - Other Currencies To Follow

3 DAYS AGO
After Russian Ruble, Turkish Lira Hits Record Low - Other Currencies To Follow

The Turkish lira weakened to a record low of 2.4140 against the dollar on Tuesday after a fall in the value of the ruble in Russia, a fellow emerging market, and concerns about mounting political risk amid a row with the European Union over a government recent arrests of prominent journalists and op...

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Malaysia to double international student intake by 2020

4 DAYS AGO
Malaysia to double international student intake by 2020

The number of students from the Middle East, South Asia and North Africa furthering their studies in Malaysia is expected to double by 2020 following promotions conducted continuously via the Education Malaysia (EM) office.

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Kuwait tries to play down oilfield dispute with Saudi Arabia

1 MONTHS AGO
Kuwait tries to play down oilfield dispute with Saudi Arabia

Kuwait has played down a row with Saudi Arabia over its decision to halt production at an offshore oilfield jointly operated by the two Gulf neighbours.

Oil Minister Ali al-Omair said the dispute over operations at the Khafji field would not affect strong ties.

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Bulletin Board

German Journalist: ‘German politicians are US puppets’

1 MONTHS AGO
German Journalist: ‘German politicians are US puppets’

"Now the Americans are even considering blowing up a nuclear power plant in Ukraine and then insisting that the culprits were either separatists or Russians," claims the German journalist Udo Ulfkotte, former correspondent from Frankfurter Allgemeine Zeitung, one of the largest German newspapers. He...

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Serbian society and war crimes

26 DAYS AGO
Serbian society and war crimes

...the occasional stupidities of the individual can easily lead to a constitutional stupidity... This also ultimately leads observation from the realm of personal qualities to the idea of a society burdened with mental defects. Of course, one cannot transpose to whole societies what happens psycholo...

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Another Serbian Organizer Involved in US’ Covert Op, This Time in Cuba

8 DAYS AGO
Another Serbian Organizer Involved in US’ Covert Op, This Time in Cuba

Using a Serbian promoter, for more than two years, a U.S. agency secretly infiltrated Cuba's underground hip-hop movement, recruiting unwitting rappers to spark a youth movement against the government, according to documents obtained by The Associated Press.

The idea was to use Cuban musicians "to ...

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Special Interest

Education through Islamic History

1 MONTHS AGO
Education through Islamic History

From the very earliest days of Islam, the issue of education has been at the forefront at the minds of the Muslims. The very first word of the Quran that was revealed to Prophet Muhammad (PBUH) was, in fact, "Read".

Prophet Muhammad (PBUH) once stated that "Seeking knowledge is mandatory for all Mu...

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Montenegrin Church and Religion

10 MONTHS AGO
Montenegrin Church  and Religion

In the area of present-day Montenegro (formerly the Roman province of Praevalitane), Christianity started to put down roots early. The first episcopacy was formed in the fourth century when the native populace consisted of Romans and Romanized Ilirs. (See "Iz Povijesti Hriscanskih Crkava u Crno...

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Jewish scholar lectured on 'How Islam Saved the Jews'

7 MONTHS AGO
Jewish scholar lectured on 'How Islam Saved the Jews'

David J. Wasserstein, a professor of Jewish History at Vanderbilt University, lectured on "How Islam Saved the Jews" on Thursday, April 24, at the University of Alabama in Birmingham.

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Health

Fatness, Leptin and Leptin Resistance: Everything You Need to Know!

1 MONTHS AGO
Fatness, Leptin and Leptin Resistance: Everything You Need to Know!

Many people falsely believe that weight gain (and loss) is all about calories and willpower.

However, modern obesity research disagrees... and scientists are increasingly pointing their fingers at a hormone called leptin.

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Cinnamon, Ginger and Onions Strongly Protect Us from Colds and Flu

11 MONTHS AGO
Cinnamon, Ginger and Onions Strongly Protect Us from Colds and Flu

In the fall as the weather gets cooler ailments tend to affect our Lungs in the form of coughs, sinus issues, colds and flu. In Traditional Chinese Medicine autumn relates to the metal element which corresponds to the Lungs. The taste that strengthens the Lungs is pungent: the spicy flavor of f...

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The 11 dangerous nutrition myths

5 DAYS AGO
The 11 dangerous nutrition myths

There is a lot of misinformation circling around in mainstream nutrition.

I have listed the worst examples in this article, but unfortunately this is just the tip of the iceberg.

Here are the top 11 biggest lies, myths and misconceptions of mainstream nutrition.

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Life and Style

Western IQs dropped 14 points over last century, researchers say

1 YEAR AGO
Western IQs dropped 14 points over last century, researchers say

A new study from researchers in Europe claims that the average IQ in Western nations dropped by a staggering 14.1 points over the past century.

"We tested the hypothesis that the Victorians were cleverer than modern populations using high-quality instruments, namely measures of simple visual re...

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Marriage is not a Bed of Roses, Marriage is a Responsibility from day one!

1 YEAR AGO
Marriage is not a Bed of Roses, Marriage is a Responsibility from day one!

Many people take the institution of Marriage as a Tradition and a family norm to get married, however, marriage is not just a symbol of getting authority with the community or family but a responsibility which has actually no equal.

Marriage is not a Bed of Roses as most people may tend to feel or t...

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The Sunnah Beard: the latest trend amongst non-Muslims in Philadelphia USA

6 MONTHS AGO
The Sunnah Beard: the latest trend amongst non-Muslims in Philadelphia USA

There's not a woman in Philly who would rock a burka just to make a fashion statement.

But when it comes to Muslim-inspired menswear, well, that's another story. Regardless of their religious affiliations, certain Philadelphia men, mainly African-Americans, have adopted the style of wearing lon...

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Technology

The Arabic Automata

1 MONTHS AGO
The Arabic Automata

After the fall of the Western Roman Empire in the end of 5th century, the western and central part of Europe was swept down by many barbarian tribes and fall into so called Dark Ages for some five centuries. During this time, the centers of world's art and science moved to the east—to the eastern Ro...

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Honeybees trained to find Balkan land mines

1 YEAR AGO
Honeybees trained to find Balkan land mines

Mirjana Filipovic is still haunted by the land mine blast that killed her boyfriend and blew off her left leg while on a fishing trip nearly a decade ago. It happened in a field that was supposedly de-mined.{cmp_comments idkey='4407c'[url=http://www.balkanchronicle.com/index.php/tech%...

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Dire warning: Due to massive solar flare storm you could lose power, communications

2 YEARS AGO
Dire warning: Due to massive solar flare storm you could lose power, communications

The largest solar storm since 2005 is now in progress, causing fluctuations on the power grid and disruptions to the Global Positioning System. The ongoing strong proton storm is in full fury. And it's getting stronger; a Coronal Mass Ejection (CME) impact also impacting us, traveling at 1,400 miles...

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Germany’s Norma Group Coming to Subotica, Vojvodina

Normafin

German company Norma Group will start construction of an automotive parts factory in Subotica in November, 2010. The agreement on the construction of the new €11.2 million factory was signed by Mladjan Dinkic, Minister of Economy and Regional Development; John Stephenson, Director of Norma Group; and Sasa Vucinic, Mayor of Subotica. The government of Serbia has agreed to set aside €5,000 for each new job created, while the city of Subotica will provide free land to the company. The new factory will occupy an area of 12,000 m2, will employ 327 people, and its entire production will be exported.

City of Subotica donated land to Norma Group

At the end of November, with the consent of the Government of Serbia, city of Subotica allotted a land to German Norma Group to build a factory of components for the automotive industry on it, it is announced on the website of Subotica.

The location allotted to Norma Group occupies about 3.13 ha and it is situated in Mali Bajmok business zone. The land is worth 305,000 euros and that is how much a bank guarantee provided by the investor will be worth as well.

Prior to June 1, 2011, Subotica should equip the land with the public utility infrastructure, while Norma Group should build a factory and employ 140 people in it already during the first year of operations. The German investor has also promised not to sell that lot until year 2015.

As it was announced earlier, Norma Group plans to invest about 12 million euros in the factory in Subotica and the production unit should span about 12,000 square meters.

Serbia's Norma Group factory to receive €5,000 per each new job it creates

Deputy Prime Minister for Economy and Regional Development Verica Kalanovic visited the construction site of a new Norma Group factory in Subotica, a producer of cooling systems for the car industry.

Kalanovic stressed that thanks to the programme of the Ministry of Economy and Regional Development and the Serbian Investment and Export Promotion Agency (SIEPA), this company will receive €5,000 per each new job it creates and it will hire around 450 workers.

She observed that the total investment is worth €11,250,000, and company products will be sold in the European market.

Norma Group currently has 12 factories worldwide and employs 3,400 workers, she said, adding that city administration provided construction land free-of-charge, as this is a world renowned producer and distributor of car parts for a number of car producers.

The contract on constructing a Norma Group factory in Subotica was signed last September. So far 85% of the works has been completed, Kalanovic concluded.

The Deputy Prime Minister pointed out that this investment will complete the transfer of production of micromotors for blinds in Subotica, noting that the level of investment is more than €1 million.

She said that the entire production of the company is intended for export, adding that the factory by the end of the year will employ 100 workers, and an additional 100 workers next year.

The Serbian government has been conducting active measures to create new jobs, open new businesses and supports all foreign investors, said Kalanovic.

Good infrastructure and transport links are of great importance for Serbia's inclusion on the demanding European market, she stressed.

Dulic said that the arrival of the German investors in Subotica is important for the city and pointed out that German investors would not invest in places with slow administration, poor business environment and corruption.

The opening of the Dunkermotoren factory in Subotica is a confirmation that the state and city authorities of Subotica have done their work well, he said, adding that the government invested in the city through incentives for employment, infrastructure, equipping and expanding duty-free zone.

The opening was also attended member of the Managing Board of Dunkermotoren Nikolaus Gräf, representatives of German Chamber of Commerce in Serbia and local authorities.

Who is NORMA Group

NORMA Group is a world leader in the global market for connecting technology. The company cooperates with Volkswagen, Audi, Peugeot and Citroën and has 12 manufacturing facilities across the world. The company has approximately 3,400 employees.

NORMA was opting to choose between Serbia, Turkey, Bulgaria and Romania, but, after representatives of the Ministry of Economy and Regional Development and the SIEPA presented the advantages of Serbia, the company made a final decision.

Dinkic announced that early next year NORMA will employ the first group of workers who will be trained in factories in Poland.

In addition to automotive parts, "Norma" manufactures sophisticated products and components for the construction, infrastructure, shipbuilding and aviation industries.

The minimum gross salary for employees in NORMA will amount to approximately €400, so the annual budget for 330 employees will be €1.584 million.

Subotica provided free land in the free industrial zone as well as infrastructural equipment.

The new factory will cover 12,000 square metres, and everything produced will be exported to the markets of Western and Central Europe.

BOOK OF THE MONTH Zomia-women

The Art of Not Being Governed

The focus on Zomia is driven by the fact that the region is the largest remaining area that has not been integrated into a nation state. Indeed, for over two thousand years, the people living in the highlands of Zomia have lived outside the reach of the lowland government. The standard view of these "hill people" is that they are remnants of the pre-state period and represent a primitive form of living. Although book is focused on Zomia, it should be noted that governments and those involved in international development efforts tend to hold a similar view towards those living outside the reach of the state in other settings as well. Indeed, this view underpins the efforts to 'fix' the various institutions in societies around the world in the hope of bringing modernity to people who are viewed as primitive.

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