The European Commission has launched a legislative initiative on cash payment restrictions aimed at exploring the rationale for the introduction of upper limits on cash transactions. LFMI presents its position on the issue of restricting cash payments as a measure to fight against criminal activity, terrorism and the shadow economy.
The price of Bitcoin has doubled since the beginning of the year, currently floating around USD 1,900 per Bitcoin. There are a few generally stated reasons why the virtual currency is on the rise. There have been recurring talks about the Exchange Trade Fund, which should ordinarily be traded on the larger exchange markets.
Fortunately, this time, the Slovaks are actually doing something right. Despite all the protracted protests of taxi drivers, liberals from the ranks of the opposition decided to amend the Road Transport Act. The aim of this legislative endeavor is to address precisely the issues that were brought up at the inception of the backlash against Uber.
A profound majority of BC´s computing power and trade volume comes from China. Yet, the Slovak government has been continuously concentrating its efforts in the carefully navigated state process of undermining the use of BC in the country. Fortunately,so far to no avail.
BlaBlaCar has been operating since 2004. Yet, it penetrated the Slovak market only in 2016. Its purpose is simple: to share car rides. If you are driving long distances or going in the same direction as somebody else who owns a car, you can pick up a passenger or even become one in order to share your travel expenses.
Paradoxically, the EU is being buried by those who praise it the most. They demand equal conditions on the internal market and despite the fact that it might seem a legitimate claim, they are, in fact, attacking one of the two pillars (peace and economy) of the European project.
Why do conditions for doing business and entrepreneurship keep deteriorating when politicians are trying to convince us on a daily basis that they want to improve them instead? No deeds follow their words. Although the government pretends to listen to our concerns, they do not usually take them into account.
In 2016, the costs attributed to operating a business in Ukraine have been lower than in a respective index in 2015. In particular, during the past year, Ukrainians spent on average UAH 27,412 for the purposes of compliance with the effective regulatory requirements.
When Ukrainian SMEs are given a choice between two options – to obtain certain benefits for their sector from the government or to make sure that the government creates equal conditions for all enterprises – they choose the latter. This tendency manifested itself in the results of the national “Annual Business Climate Assessment” survey in Ukraine.