Addressing and diminishing barriers to the single market in the EU is a much welcome initiative. The initiatives to decrease bureaucracy, to step up efforts to comply with EU law, to evaluate the effects of new regulations on SMEs in impact assessments, and mutual recognition are important steps in promoting growth, free trade, and consumer rights.
When we talk about wages in Slovakia, we refer to gross wage. From an economic point of view, however, it is a fictitious value created by accountants. It represents an arbitrarily set point between the two key values: net wage and labor costs.
The Slovak agricultural sector suffers from several problems that hinder the competitiveness of farmers: complicated land ownership, due to which (young) farmers cannot access fields, an unpredictable business environment and bureaucracy and, last but not least, lack of investment in capital equipment.
The Slovak education system has a number of problems but the generally low teacher salary is not one of them. Those who claim the opposite refer to an international comparison: the share of teachers’ wages in wages of university-educated people.
How well would an average politician, clerk or analyst at a ministry perform as an investor? Recently, we have had several opportunities to witness it ourselves. In some public projects, the low return on investment is evident even to a random passer-by.
The 2020 elections have been crucial in a number of coutries – from a forthcoming one in the United States, to most recent ones in Lithuania. The same is true also for Georgia. On November 3, the Georgian citizens need to decide and to opt for either Russia or the West.
The European Commission has approved of a very important merger – between a powerful Chinese ally and Czech billionaire, Petr Kellner and the influential media group, Central European Media Enterprises. This could result in manipulation of public opinion in favor of China all over the CEE region.
While many countries in the CEE region have had a recent experience of a successful economic transformation, few are doing great in preparation for the new wave of the industrial revolution.
Lithuania’s tax system is ranked the sixth most competitive and neutral in the OECD according to the Tax Foundation’s International Tax Competitiveness Index 2020 which was released on October 15.