economy

Prime Minister Jüri Ratas (Centre) has said that he does not have any red lines or issues on which it\'s not possible to compromise. The fact that it\'s possible to compromise on truly anything, including a lack of political responsibility, is confirmed by the actions of the current government on a weekly basis.

We are pleased to present the eleventh issue of 4liberty.eu Review, titled “Transformative Transformation? 30 Years of Change in CEE”. We trust that it may tact as not only a reason for reminiscing about the past, but also a pretext for further challenging ourselvs to fight for a brighter future.

After thirty years since the fall of Communism in Europe, Ukraine remains a country with unfinished institutional reforms and significant barriers for business and trade. The country gained independence when the Soviet Union dissolved two years later – in 1991.

In Slovakia, the minimum wage has become a political evergreen of every autumn. However, its growth has been rapidly increasing in recent years. Moreover, the former Slovak prime minister has proposed a new law, which will set the minimum wage at 60% of an average wage of the previous year.

Against the background of the forthcoming crisis and problems in the leading economies in the Euro area such as Germany and Italy, we find an unexpected example of a booming economy in the Iberian Peninsula – Portugal.

Today´s world is a product of values, stances, and deeds of previous generations. Those were formed by political institutions, economies, and social relations. These factors guided the world´s modus operandi. But this world is disappearing.

This month, Slovak economy unpleasantly surprised the Slovak government, when the newly released economic numbers showed a relatively significant drop in the growth rate of the economy compared with the earlier expectations.

Ukrainian government needs to take steps to reduce the possibility of hostile takeovers of property and should ensure transparent and lawful conduct of the judicial system and law enforcement agencies. It should also engage Ukrainian business associations in policy making.

In an escalation of tensions between Japan and South Korea, Tokyo has moved forward with regulations on exports of chemicals to Korean technological companies like Samsung. This move is seen as a political calculation, given recent disputes of trade and negotiations between the two Asian nations.

Analysts investigating the roots of the PiS\'s dominance agree that one of the strongest pillars of its success is a massive universal child benefit scheme called “Family 500+”, providing each and every Polish family with a monthly payment of PLN 500 (ca. EUR 115) for their second and every next underage child.