regulation

The last time the Czech government conducted an analysis of how high and costly the bureaucratic burden was in the Czech Republic, the result was that the state required the business to meet almost 1,500 different information obligations.

The official rhetoric of PiS government is “to make it possible to develop micro enterprises into small, small into medium, and medium into large or even into international champions”. However, the actual measures undertaken by the government were, in fact, to petrify the size of the companies.

Out of thirty European countries, sixteen allow retail trade on Sundays, whereas fourteen do not limit retail opening hours on public holidays. The countries which regulate retail trade on Sundays and/or public holidays apply a range of exemptions.

The liberalization of the Bulgarian power market has been characterized by constant external (the European Commission) and internal (private stakeholders) pressure. Regardless, the government has shown prevailing reluctance to take any serious actions.

2019 in Ukraine is the year of two elections: presidential (in March) and of deputies to the Verkhovna Rada of Ukraine (in October). This is exactly why analyzing the economic expectations of Ukrainian business is especially important – not only from an economic, but also from a political point of view.

Over the last decades, the post-socialist bloc countries have seen significant economic growth. The transformation to the market economy gradually yields its fruits, the unemployment rate in each of these countries, now also members of the EU, is lower than the average unemployment rate of the Eurozone.

The 2017 labor law reform significantly improved Lithuania\'s position in the Employment Flexibility Index, moving the country from the 27th to 15th position among the EU and OECD countries, according to Employment Flexibility Index 2019 compiled by LFMI based on the World Bank\'s Doing Business data.

There is evidence showing that increases in mandatory minimum wage might force some firms to increase prices, lay off workers, cut fringe benefits for employees and engage in other revenue-boosting or cost-cutting measures.

Like many other recent EU initiatives, the \"Link Tax\" targets online giants such as Google, Facebook, and Twitter in an attempt to share some of their colossal earnings with those they depend on. The good intentions will most likely lead to further encapsulation of the market, increasing barriers to entry.

In late June the Lithuanian Parliament adopted a law that consolidated the employer and employee base for social security contributions and significantly cut the rate of contributions.