According to a recent study conducted by the European Parliament, Bulgaria loses between 14 and 22 percent of its GDP every year due to corruption practices.The main question is therefore why there are no results in the fight against corruption in the country?
State-owned enterprises (SOEs) are a very important part of the Bulgarian economy. Their revenue in 2015 equals 13% of GDP, but even that number underestimates their economic impact. The data show that the financial position of SOEs as a whole has remained bad in recent years.
49% of Ukrainian SMEs said they were inspected by a government body in 2015. These inspections took up to 14 days per year for a business on average, which means that businesses spent around 2 weeks of their operation time on dealing with the officials.
Year 2016 in Ukraine became a year of starting on the economic recovery path. Real GDP growth in 2016 is estimated at 1.4%. It was supported by higher domestic demand. In particular, real private final consumption increased due to higher disposable income primarily attributed to increase in wage income.
On October 7 and 8, Czech voters elected members of regional assemblies. Negotiations are over, coalitions have been made, so it is a good time for an ex-post analysis. After the election, the assembly elects both regional governor and council by majority vote, which means that coalitions rule the regions.
The Czech Republic faces a huge challenge in the form of new waste economy legislation. Two regulations (waste law amendment and a new law concerning products with finished lifetime) are under an approval process at the Government Legislative Council (GLC).
While it might be too harsh to say that Hungary was near bankrupcy in 2010, or when it was put in the junk category in 2014 we could argue that it was only an overreaction of the market. Still, it would be wrong to say that ’Hungary is doing better’, especially on the regional level.
36% of Hungarians support same-sex marriage, while 56% are against it – according to the latest national representative opinion poll conducted by Budapest Pride and Integrity Lab. The support for legalizing the right is significantly higher: 46% of the respondents would not exclude same-sex couples from having such a possibility.
There is a significant, 7% decrease in the ratio of voters who support the continuation of the present Fidesz government, while the ratio of those who support Jobbik (the radical right party) or a coalition of the leftist, liberal parties has increased – shows the public opinion study by Republikon Institute in November 2016.