In 2016, the Institute of Economic and Social Studies (INESS) from Slovakia decided to fill the gap and the Bureaucracy Index was born. In collaboration with experts from different areas, INESS identified and analyzed all the administrative tasks that the state requires from a model SME company.
A lot people look to the United States as a role model. But I think it’s important to try to seperate out what’s good about the U.S. that you want to copy and what’s bad about the United States that you do not want to copy. And that can be challenging.
To create Silicon Valleys in Poland and Europe, recognize that they cannot be designed and that the winners and losers they comprise cannot be predicted. Especially by governments. Focus instead on creating the right climate and environment: attractive taxes and unobtrusive regulation. Trust in freedom and free markets.
Over 90% of legislative burden in Slovakia comes from four ministries: the Ministry of Finances, the Ministry of Labor, thr Ministry of Health and the Ministry of Economy. The highest share, about 65% (EUR 1.7 billion) comes from the Ministry of Finances.
Slovak politicians create rules for entrepreneurship as if for people living on a different planet – and that is the way it has been for many years already. It is the politics of excessive interference in economics, which inherently and often unnecessarily limits enterprise freedoms.
Lithuania’s level of economic freedom has been steadily improving. The country has jumped up by two positions and ranked 13th in the world in the 2015 edition of the Index of Economic Freedom. The index is compiled by the Heritage Foundation in partnership with The Wall Street Journal.
The first task an economist has to master is to explain to people that there is such a thing as an economic problem. That is because people are more concerned with everyday emotionalism creeping into their lives by means of having to deal with another type of a problem that we could call an ‘engineering’ one.
Is there a difference between a starting entrepreneur and a disabled person? Yes, there is, and it’s a big one. A disabled person has much fewer options if he or she wants to get a government aid compared to a starting entrepreneur. I remembered this joke when I was reading one of the government strategies. But the joke may soon become a reality if the government decides to implement it. And that’s not funny at all.
In the last few years, the compound word “start-up” has established itself in the Slovak language and is successfully edging out the original term – “a beginning entrepreneur”. A start-up, a start-uper, the start-up scene, a start-up strategy, a start-up investment – the media are packed to the rafters with such collocations. This is not a coincidence. The change in our vocabulary reflects the greater attention paid to the segment of beginning entrepreneurs. It wasn´t…
We should open our minds to the notion of individual responsibility and entrepreneurship. We have to take responsibility and the costs of our mistakes. The recipe for growth is no technocratic engineering. Growth goes through entrepreneurship, mistakes, reactions to mistakes and risk-taking. These elements are critical.