On September 10, 2019, the first international finale of the Economics Olympiad took place in the Czech national bank in Prague. Slovakia was excellently represented by five students from whom two reached the first two medal positions.
The Economics Olympiad was launched in 2017 with a participation of 4,000 high school students. This year, the competition enjoyed even more popularity with more than 5,300 contestants overall.
This year´s topic is Europe+ and we are looking forward to stories on the added value of the European Union. What are the advantages of the European Union? What did the EU do well according to you – in general terms or in your personal experience?
The competitiveness of a country’s tax system is instrumental in creating a favorable environment for foreign direct investment, stimulating business, and advancing societal well-being. Competition based on endogenous factors should not be perceived as unjust or unnatural.
Regulation of retail opening hours is applicable in 14 out of 30 European countries. The range of the regulation varies widely across the countries, as evidenced by a variety of exemptions. Yet, the bans fail to achieve their objectives: a number of European countries have gone through deregulation.
Energy Taxation Directive (ETD) claims to improve the Single Market, promote energy efficiency, and contribute to jobs and growth. In reality, it fails to achieve these objectives. The research by LFMI suggests that in 2012 the grey market for fuel comprised nearly 20 percent of the market for transportation fuel.
At the end of the day, efforts to protect domestic businesses are always paid by the consumers. Nothing is free, the same is true also for protectionism. It leads to higher prices and worse quality of services that protected businesses offer.
Automotive industry plays one of the most important roles in economies of the Visegrad Group countries. The sector became the regional leader in export and a reason for close ties among countries. Hyundai Kia in the Czech Republic and Slovakia is a textbook example of how one company ignores artificial national borders.
I am not questioning the values of politicians. If they believe that the means of production should belong to the state, it is their right to do so. However, we are living in an independent Lithuania and so members of the parliament must at least be objective and impartial.
One of the most important factors in shaping country’s political system is the electoral system. It determines the number of relevant political parties and how they work internally. This article will discuss the workings of the proportional voting system for the lower chamber of Czech Parliament1 and its impact on the Czech political system.