Month: April 2015

Think Tank News

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Gold-plating is a term that describes the process where an EU directive is given additional powers when being transposed into the national laws of member states – a quite common approach in any EU state. The seminar will reflect upon this issue and give an overview of positive approaches on how successful EU countries deal with the problem and what kind of procedures they have implemented. Join F.A.Hayek Foundation on May 6, 2015 in Bratislava!

Politics

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On Monday, April 13, 2015, Vit Jedlička, a Czech politician and a liberal economist, put up the flag and established a new sovereign state called Liberland on the territory of former Yugoslavia. On the 7 square kilometers of Terra Nullius claimed by none of its neighbouring countries (Serbia, Croatia) the liberal values shall take reign.

Economy

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From 2012 to 2014 Lithuania increased its minimum monthly wage by almost one third (from 800 Litas in 2012 to 1,035 Litas in 2014). There are suggestions to increase the minimum wage in 2015 even more the supporters of the idea claim that companies would adapt. But is it all that simple? According to the survey conducted by LFMI, minimum wage increases come at a cost and they eventually bring several negative consequences.

Economy

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People are either cannibals or creators. The fundamental difference between the two is how in their opinion the world works. What to do when you’re hungry – eat a neighbour or come up with a solution to growing vegetables in the middle of winter? Is the world a “zero-sum game” in which one can prosper only if others suffer? Yes would be the answer of a cannibal.

Economy

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After a long negotiation between milk producers, processors and sellers, the Lithuanian Ministry of Agriculture has proposed a new bill that would severely tighten the regulation of the Lithuanian dairy market. The authors of the bill claim that their intention is to protect Lithuanian producers, bring confidence to the market and boost the consumption of milk products. But is it really so? The proposed privileges for milk producers are nothing else but an iron curtain that will shift the…