economy

Brexit can start a crisis the likes of which the EU didn’t get the chance to experience so far. For the first time, the process of economic integration, which went on continuously since the year 1951 when the European Coal and Steel Community was established, will stop. The result of the Brexit referendum sends a clear message that the EU has to start solving its problems, otherwise there may be other referendums in the future.

The result of the June 23rd referendum in the United Kingdom apparently markes a significant milestone in history. However, its reasons and consequences are much less obvious.

Ukrainian exporters say that inefficient and non-transparent VAT refunds system and high levels of bureaucracy are the biggest obstacles for export. The survey also reveals that smaller enterprises tend to be more burdened by complicated customs procedures and lack of transparency in the operation of tax agencies.

This paper firstly briefly provides a political perspective on the FDIs flow within the debate in the UK and consequently discusses the difference between FDIs and trade exchange. After setting the goals and methodology, a summary of the main findings reflecting the data available in the chart attached follows.

The last couple of weeks bore witness to some interesting news. Headlines generated from ranks of the European Union were complemented by updates from the realm of new technologies and applications continuously on a crusade of further progress and development even in the world of virtual currencies.

With Lithuanian Parliamentary elections approaching, Lithuanian MPs like magicians are pulling out of a hat same old populistic laws. Once again they are trying to push through an old and already bashed suggestion that prohibits people from working on holidays.

The Southeast Asian peace is a term denoting a relatively peaceful environment in East Asia (regarding armed conflict) in the post-Cold-War era. Due to the regional specificity, it is important to analyze which actors and factors contribute to the Southasian peace, and which – despite the absence of the security infrastructure – tend to defuse the potential armed conflicts.

It is not a conceptual disagreement, nor a philosophical objection to the foundations of capitalism, not even an opposition to all the capitalists. It is an arbitrary chosen threshold of profit based on the comparison between one and the other individual, and supported by sentiments (not reason), such as deceit of inequality.

The experience of dealing with Russia over the past 200 years has taught us that the only thing Russia respects is power; and we will only have power if we stay close to our friends. However, soon thereafter any such pragmatism was once again forgotten and we now continue living with our illusions as if nothing has happened.

Political leaders from across Europe have great things to say about Estonia’s leadership on digital technology. They applaud our e-voting and e-tax systems. They praise our widespread access to high-speed Internet. Estonia’s embrace of new technology is a model for Europe.