(8) Short-term Investments

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in TEUR, at 31 December

2014

2013

Marketable securities short-term – available-for-sale

1,050

1,739

Other short-term investments

13,383

8,143

Short-term investments

14,433

9,882

Available-for-sale securities are classified as short-term, based on Management’s intention to sell these marketable securities within the next twelve months.

As of 31 December 2014 and 2013, other short-term investments relate to fixed deposits in Belarus.

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