After thirty years of independence, today Estonia has a very high government integrity, full respect and guarantee of property rights, a fair tax burden and government spending, high trade investment, and considerable financial freedom. Not bad for a country that has been under State Socialism for almost half a century.
Sci-fi? Such an idea has no unrealistic basis. This biological nature of members of different cultures related to the ability to prosper is the same. One of the practical examples is the USA, which cannot refer to the race or the religion as a factor of its prosperity.
In mid-March 2020, in light of the Covid-19 pandemic, the almost complete government paralysis of economic activities put most of the economy of Bosnia and Herzegovina (B&H) into hibernation.
Singapore ranked first in the 2020 edition of the Smart Cities Index, which aims to assess cities in terms of citizens’ needs. Bratislava ranked 76th out of 109 cities with a year-on-year improvement of 8 places.
As urbanization is continuing in a rapid speed it will also drive the further demand for energy resources. World energy consumption is expected to increase 39% by 2050. Knowing all that and thinking about our energy sector, what could be three suggestions to make?
The story of Georgia should be an example to all developing nations that any country with the will to do so can take charge of its own tax system and, without the aide or interference of international organizations, create the conditions for economic growth and prosperity.
The E40 waterway project is a great idea from the geopolitical point of view. It connects three countries situated between Central Europe and Russia, and creates grounds for deeper regional cooperation. However, the economic and environmental sides of the project are not that great.
The epidemic of good advice, tips, challenges, and recommendations for the new Slovak government is much stronger than the viral one. There are many things to fix, to improve, and especially – to save.
Global trade growth has been in a slowdown for a decade. Contributing to the trend is a recent rise in protectionist policies, particularly in the United States. On top of it, Brexit, no matter in what form it takes, is projected to decrease trade volumes.