Let´s be honest with ourselves: the Slovak economy and the economies of other countries on the brink of the potential core have fundamentally different parameters. What we share is the euro and our desire to belong to the core. However, this is not enough.
INESS has been one of the few opponents of the regulation. We included the abolition of the cash payment restrictions in our long-term competitiveness program Top20. Also, thanks to our advocacy, the (currently) biggest opposition party included a partial easing of the regulations (rising the EUR 5,000 limit to EUR 15,000) in its 2016 election program.
The system of concealing the actual amount of employee contributions (employers’ contributions) and the transfer of the obligation to tax returns and the calculation of contributions and taxes to the employer, made the employees fiscally illiterate.
Fortunately, this time, the Slovaks are actually doing something right. Despite all the protracted protests of taxi drivers, liberals from the ranks of the opposition decided to amend the Road Transport Act. The aim of this legislative endeavor is to address precisely the issues that were brought up at the inception of the backlash against Uber.
A profound majority of BC´s computing power and trade volume comes from China. Yet, the Slovak government has been continuously concentrating its efforts in the carefully navigated state process of undermining the use of BC in the country. Fortunately,so far to no avail.
BlaBlaCar has been operating since 2004. Yet, it penetrated the Slovak market only in 2016. Its purpose is simple: to share car rides. If you are driving long distances or going in the same direction as somebody else who owns a car, you can pick up a passenger or even become one in order to share your travel expenses.
Why do conditions for doing business and entrepreneurship keep deteriorating when politicians are trying to convince us on a daily basis that they want to improve them instead? No deeds follow their words. Although the government pretends to listen to our concerns, they do not usually take them into account.
On April 28, 2017, INESS in cooperation with Austrian Economics Center organized in Slovakia Free Market Road Show, a part of a series of conferences and panel discussions that tours all over Europe – from Scandinavia to Montenegro, from Spain to Ukraine. Over 400 experts participate overall, presenting aspects of key economic questions in 45 cities, involving the audience in a vital discussion on economic and public policy questions.
Our Athena++ reform plan was made available to the wider public at the beginning of February 2017, aiming to spark further debate. In the upcoming months, we will be presenting our ideas to government representatives, MPs, political parties, professional associations and the media in Slovakia.
Most economists and politicians agree that investment subsidies break market principles. However, many consider subsidies a necessary tool in the global competition for investors and as an economic growth booster. INESS analyzed the investment subsidies granted in Slovakia during the years 2002–2016.