finance

The EU Commission’s (EC) spring forecast, demonstrating the expected real growth for 2022 and 2023 was published exactly a day before the preliminary data for growth in the first quarter of 2022.

In this episode, Leszek Jażdżewski hosts Gabor Halmai, Professor and the Chair of Comparative Constitutional Law at the Law Department at the European University Institute about the rule of law, EU funds, and the socio-political situation in Poland and Hungary.

Green investment is the process of directing financial flows to sustainable development priorities, for example, from banking, insurance, or investment. These flows are key in the implementation of the objectives of the European Green Deal.

The need for comprehensive information on the economic situation is important for economic policy during the full-scale Russian invasion of Ukraine, which led to the seizure of Ukrainian territories, terror against civilians, and destruction of industrial facilities and infrastructure in Ukraine.

One of the debates which has intensified recently is to what extent is lax monetary policy causing the increase in the price inflation.

The Bulgarian government will spend over BGN 63 billion in 2022. For the first time, Bulgarian citizens can track the spending of their funds on a daily base in an accessible, interactive, and easy to use application.

Inflation is often referred to as a tax, imposed without parliamentary approval, without legislation and without considering the consequences. Today’s inflation is special: printing money seemed to be pretty much the only way to respond to the pandemic and to finance rising public spending.

Governments have responded to the pandemic by printing money, thus disrupting the usual economic relationships. Financial capital, which was long been regarded as a most-demanded resource, has lost its position to raw materials which in turn have lost to labor force.

Cryptocurrencies are here to stay. As we find ourselves in the digital transformation, accelerated by the COVID-19 pandemic, the topic of cryptocurrencies no longer should focus on their stereotypes, or if they are a worthwhile investment but rather on how we can educate and integrate cryptocurrencies into our everyday lives.

Lithuania ranks sixth in the Global Tax Competitiveness Index but it has the least attractive corporate tax regime in the Baltic region. It taxes retained and reinvested profits and applies a personal income tax when dividends are paid out. The effective combined tax rate stands at 27.7%. Estonia and Latvia tax only redistributed profits, at 20%.