If Ukraine loses the chance to receive assistance from the IMF and other international donors in 2018, the government will be hard-pressed to execute planned fiscal expenditures in 2018. The fiscal indicators will be also revised for 2019 to lower real GDP growth and higher inflation.
Today, I have some very bad news. Yes, this is the end of democracy in Poland. Yesterday (2015 parliamentary elections), the votes of Poles began this process, today it is in the middle, and tomorrow (2019 parliamentary elections), it may end with the death of the free Republic of Poland as we know it.
Labor market flexibility may be characterized by the market participants’ abilities to deviate from standard labor regulations and typical forms of employment. Such possibilities may not only provide positive outcomes to both employers and employees, but they may also benefit the whole economy.
There is evidence showing that increases in mandatory minimum wage might force some firms to increase prices, lay off workers, cut fringe benefits for employees and engage in other revenue-boosting or cost-cutting measures.
We commemorate the 50th anniversary of the Warsaw Pact armies’ invasion of Czechoslovakia in 1968, an event that in many respects showed to the whole world the desperation of people struggling for self-determination under totalitarian regimes.
I’m writing this article from the point of view of a Czech libertarian. It’s meant for foreigners, not necessarily libertarians, to get a better grasp of Czech politics than what they can get from their usual sources of information.
I sure want to see a future where we prove again the supreme worth of the individual, where our children can stand on awe in front of new cathedrals of success. And so, despite us living in the best of times, still, I too dare you to do better.
Taxation of tobacco products raises severe economic and social concerns which should be taken into account when formulating further tobacco taxation policies, including on novel tobacco products. Increased education rather than higher excise duties should be the main policy.
Apart from modern enterprises competing in international markets, there are more small enterprises of very low productivity in Poland than in developed countries. FOR estimates that half of Polish GDP is produced by at most 5.6 million people.