On May 1, 2014, the ten years long ban for foreigners on buying land in Slovakia comes to an end. The EU’s philosophy is that the European citizen is at home in every member country of the Union and this entails the possibility to buy an agricultural land. Thus, Slovakia and other member states are obliged to loosen these restrictions.

Finally we are sending ESM our money. Spain is waiting for a miracle. Greeks saved money for karts. Iranians made a bomb – inflationary bomb! Similar bomb is predicted by FED’s models. So we finally have it. After months of negotiations, voting and ruling ESM – the permanent bailout mechanism – is finally here. It is the first time when Slovakia provided real money for saving the euro, to be specific EUR 264 million. As the saying…

In Spain it will be hot after the summer. Judgment day will be on September 12. Did you sell grandfather’s gold teeth in Italy? We are treating depression by delivering news about bad situation our neighbours are in. The heat is slowing down the pace of society, but if you think it will slow down the pace of the crisis in the Eurozone, you’d better check if you don’t have sunstroke. Even though the news…

Bouncer Ottmar Issing. ECB once again kept Greece in the game. Will the next five-year plan be merrier? Briefly today. Pandas are on holidays and without Angela Merkel who is having a rest and German Minister of Finance, Wolfgang Schauble, not much is going on in Europe. Mario Monti, Italian Prime Minister, informed Germans that he needs their help, not financial, but moral one. Spanish Prime Minister Mariano Rajoy considers asking Europe for help. Not…

During the past decade Slovakia used to be called a tiger in the middle of Europe. We have earned this nickname because we implemented transparent tax system with lower rates which in combination with relatively cheap labor attracted many large investors. But big corporations were not the only companies who came here to set up the regional centers or manufacturing facilities. Smaller companies from the neighboring countries were interested as well. Lower taxes were inviting…