economy

I don\'t believe that we need central banking, monetary policy or our national monetary unit. Without this, we can\'t avoid two essential problems – politicization of the monetary politics and also its competitiveness. But by saying this I do not wish to imply that in this particular case of devaluation of the lari the central banking system was the major problem. Quite the opposite.

This year the Lithuanian Free Market Institute (LFMI) has launched a new initiative “Let’s Agree” which is aimed at promoting a better-informed, constructive dialogue and peaceful agreement within local communities on issues relating to investment promotion and environment protection in Lithuania.

On March 5-8, 2015, university students from Slovakia and the Czech Republic gathered for the sixth annual Seminar on Austrian Economics organized by INESS, where they had an opportunity to attend quality lectures delivered by foreign and Slovak lecturers.

Georgia’s economic story after the collapse of the Soviet Union (SU) is important to be considered and analyzed in Georgia and in any developing and transition economy nations. There are several reasons why Georgia\'s experience is interesting and valuable. First of all, it shows almost all the wrong sides of central planning and a centralized, bureaucratized and command economic system.

The new Greek government of the leftist party SYRIZA wanted to take back austerity reforms in order to, for example, “gradually restore salaries and pensions so as to increase consumption and demand”. But it seems that the only thing accepted by the European Commission and eurozone finance ministers is 4-month extension of the bailout in return for presenting a list of reforms that Greece had committed to undertake.

A survey conducted by the Lithuanian Free Market Institute (LFMI) shows that a rise in the minimum wage negatively affects Lithuania’s businesses and hurts workers. Of the 181 companies questioned, every third said that the 2012 and 2013 increases in the minimum wage had a negative impact on their businesses

The proponents of the limited access to savings caught savers into a trap. Take it or leave it. Fortunately, also thanks to INESS, which also commented on the law in Parliament, there is a sort of exit option for savers, who don’t like the offered annuities but need some money from their savings. They can keep their savings account and withdraw at least annual yield.

I would like to live in a society with more balanced power relations between men and women. Nevertheless, I expect it would be free individuals who will create it. People who are equipped in proper knowledge and who make use their rights, and who are able and willing to shape the world. Because I believe they can do it. And the state itself can\'t.

Ukrainian SMEs are poorly represented in the European market and do not expect any significant benefits from the free trade zone between Ukraine and the EU. At the same time, they are relatively less afraid of the possible negative consequences of trade liberalization with the EU.

Orbán is interested only in cash, not in values. His disregard for values or (to make it sound more proudly) for ethos of Western democracy continues for years and is expressed in many constitutional reforms or a positive evaluation of the model of the political system of modern China. He therefore easily avoids the topic of Ukraine\'s right to sovereignty, self-reliance in international politics and territorial integrity.