Gross domestic product is undoubtedly a useful indicator of how the economy is performing. It shows one aspect of the economy that can be used to interpret a general level of “health.” However, while GDP is comparable to a simple doctor’s check-up, it isn’t as in-depth as a yearly physical.
Poles do not know how much and on what the Polish state spends their money. Meanwhile, the structure and size of public spending have a direct impact on their daily lives by influencing the level of taxation and the availability of public services.
Let´s be honest with ourselves: the Slovak economy and the economies of other countries on the brink of the potential core have fundamentally different parameters. What we share is the euro and our desire to belong to the core. However, this is not enough.
Restrictions on cash payments are in place in many countries around the world and an EU-wide restriction is looming. However, cash plays a number of important roles in the economy. To counter the one-sided public discussion about cash, INESS published in English Why to Keep the Cash Economy.
INESS has been one of the few opponents of the regulation. We included the abolition of the cash payment restrictions in our long-term competitiveness program Top20. Also, thanks to our advocacy, the (currently) biggest opposition party included a partial easing of the regulations (rising the EUR 5,000 limit to EUR 15,000) in its 2016 election program.
Board remuneration regulation is essentially a two stage issue. Firstly, there should be transparency concerning the remuneration packages of executive and non-executive board member and directors. And secondly, shareholders should have a level of control over the process of board remuneration determination.
For Poland, introducing euro is, strategically, a very important step. The discussion (so far only theoretical) is conducted in two areas. First, a political debate is devoted to the direction of our integration. There is, however, a second debate – a strictly economic one.
Bulgaria is by far not the only country where regional differences are not only significant, but are also becoming greater. There are basically no countries which manage to simultaneously increase the wealth in their poorest and richest regions, while at the same time achieving a meaningful internal convergence.
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.
Governments spend financial resources on various functions ranging from healthcare to social protection to education to defence and others. Inevitably, a part of public finance is allocated to the functioning of the bureaucratic system because general public services are necessary for other public services to exist.