regulation

The outbreak of the COVID-19 epidemic has led to numerous legislative changes in countries around the world. However, some governments quickly recognized this as a unique opportunity for further concentration and consolidation of power.

The Czech government banned manufacturers to sell respirators and masks to anyone but the legal entities established by the state. Public hospitals are NOT legal entities established by the state in the Czech Republic. Ouch.

Oman started 2020 off on the right foot when it comes to economic freedom. A new Foreign Capital Investment Law (FCIL) came into force to visibly lower barriers to foreign investment in the Sultanate. The crucial change is that 100% foreign ownership is now possible in Oman.

The current Vice-President of the European Commission Mr. Timmermans openly says that a minimum wage of 60% of the median wage should be paid in the EU. In addition, the European Commission launched consultations with trade unions and employers on EU minimum wage rules in January.

As of January 2020, 80 different declarations of “LGBT-free zones” were passed by various Polish cities and provinces in central and south-east parts of the country, including four voivedoships, the highest level of administrative subdivision in Poland.

Many labor market regulations were created with large mid-20th century manufacturing plants in mind – which is the spirit of the Polish Labor Code of 1974. However, along with the process of industrial automation as well as the growth of employment in services, the economic reality has changed.

The football business shows well how underestimating a well-performing and efficient player can bring other costs. The player may either simply leave for another team, or, if restricted with a contract – underperform to the level only required by the payment.

If you are one of those fascinated by the Internet and its influence on the society, this is the book for you. Progress without Permission is a complete guide to the world where Airbnb rescues the dead capital and it competes with the state in the regulation making process.

The European Commission proposes an extension of price reporting for most agricultural products in all its variety for all economic actors of the value chain on weekly and monthly bases. According to the EC, this measure will address a lack of transparency and information asymmetry in the food supply chain.

The administrative burden has decreased by one working day or 8 hours compared to last year, shows the 2019 Bureaucracy Index published by the Institute of Economic and Social Studies in cooperation with the Lithuanian Free Market Institute.