The European think tank network EPICENTER has published the second edition of The Nanny State Index, an indicator of state paternalism in the European Union. The index evaluates restrictiveness of regulations governing the sale and consumption of food, soft drinks, alcohol, tobacco, and e-cigarettes in 28 EU countries in 2016.
”Lex Szyszko” became a symbol of a low-quality, discriminating law, which, however, was based on good intentions. It also became an example of how manipulated information can influence society through the Internet. This case should be a warning for every politician – citizens need a stable and predictable legislature.
Polish economic policy should aim to increase the country’s resilience and strengthen economic foundations. The safety margin, in the form of ensuring the appropriate fiscal space, must be maintained not only because of tensions in the world economy, but also in terms ofpossibly less sharp, cyclical slowdown.
The cost of payment backlogs is not limited to the cost of maintaining the liquidity of the company. In addition to the interest on bank loans, one should also take into account all the additional costs associated with the monitoring of payments from contractors, chasing late payments, and growing risks caused by the delays.
At the beginning of September, the representatives of the biggest Polish trade union “Solidarity” submitted in the Polish parliament a policy proposal to ban Sunday trading. This proposal, signed by hundreds of thousands of Poles, became a trigger for a public discussion on potential effects of this regulation.
Polish economy needs less regulation and more investment, which has been noticed even in the speeches of Deputy Prime Minister Mateusz Morawiecki. Therefore, Law and Justice’s policy regarding pharmacies is in contradiction to the Polish government’s declarations and plans to promote higher economic growth.
The EC’s decision to start an in-depth investigation into Poland’s tax on the retail sector is undoubtedly right as this additional tax imposed on large stores is unjustified and harmful. It should be up to a consumer’s individual choice where to go shopping.
Although Mateusz Morawiecki (Deputy Prime Minister and Minister of Development) often says that his plan would be based on the idea of both governmental and private saving and investing, the programme itself shows quite the opposite: the government just wants to spend money immediately on certain investments and branches.
Economic slowdowns are always challenging for the state authorities. Expenditure cuts and search for new sources of income often lead to imperfect policy changes. In 2012, KGHM became a victim of a government’s hunt. As a result, the company was forced to pay a new silver and copper extraction tax.
Taking a loan in a foreign currency puts both borrowers and banks at risk. At the time of signing the contract, both providers and takers neglected the possible weakening of Polish zloty, believing in its further strengthening. Besides the fact that one can easily learn about it from various sources, the majority of borrowers knew that such a danger exists.