efficiency

Slovakia’s response to the tariff threat? The Prime Minister and the Minister of Economy have begun saying they want to redirect EU funds to help companies affected by US tariffs. We do not yet know exactly what this crisis will look like—but we already know the solution: European money. Journalists are asking us whether this is a good or a bad decision. You might be surprised, but I do not have an answer.

I often hear the phrases \'real price\' or \'justified price\', for example, in the question of ambulances or hospitals. They make my economic hair stand on end. It reminds me of how deeply embedded healthcare is in the price thinking of planned economics. Before 1989 in Slovakia, the whole economy was run on the principle of price. A manager in a company calculated the price of steel, plastic, and man-hours to produce one Škoda 120 car, for example.

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?