editorial partner: Liberte! Friedrich Naumann Foundation

Economy

1989 – Beginning of 35 Years of Liberal Transformation
Economy
1989 – Beginning of 35 Years of Liberal Transformation
On June 4 and 18, 1989, partially free elections for the Sejm and fully free elections for the reconstituted Senate were held in Poland. As a result of these elections, a democratic political system was established, and decisive economic reforms were initiated between 1989 and 1990, which included stabilization and free-market changes. Poland was the first socialist country to begin departing from the system imposed by force, which was flawed.
Hungary’s Manufacturing Dependency: Economic Vitality or Achilles Heel?
Economy
Hungary’s Manufacturing Dependency: Economic Vitality or Achilles Heel?
Recent economic shocks and the European Union’s focus on competitiveness have directed the spotlight on the dangers of global value chains. With its unique politics of  ‘eastern opening’ and latecomer position to the globalized market economies, Hungary’s strategy in the geopolitical theatre raises many questions. In the following, I will use an interdisciplinary approach to explain the Hungarian manufacturing industries’ global value chain exposures.
Despite Challenges, Incomes in Estonia Are Rising
Economy
Despite Challenges, Incomes in Estonia Are Rising
The Estonian economy is showing green shoots of recovery again, and people\'s real purchasing power has risen since June of last year. These are the words of the Minister of Economic Affairs and IT Erkki Keldo . He also added that wages have also been outpacing inflation. Speaking to \"Esimene stuudio,\" Keldo noted that people\'s real purchasing power has been increasing since June of last year.
Origin of High Inflation Rate in The Czech Republic
Economy
Origin of High Inflation Rate in The Czech Republic
High inflation has long been the most serious macroeconomic challenge our country has faced in recent years. It was far from being only economists who identified deep price instability as a major problem, as the wider public viewed the extraordinary rise in most prices in the economy with equal reluctance.
Why Does Central Bank Need Models?
Economy
Why Does Central Bank Need Models?
Not long ago, there was a debate in professional circles about the predictive value of central bank forecasts. They have been desperately inaccurate in the last few years, a time of severe price instability. The question has therefore arisen as to whether the models underlying these forecasts are sufficiently robust and realistic.
American Dream of Polish Billionaire
Economy
American Dream of Polish Billionaire
I am a classical, pro-free market liberal and I have always been closer to the Republicans than the Democrats. But in this election I had fingers crossed for Kamala Harris because she was more predictable and a better candidate from a geopolitical point of view. But if you look at it purely from a business perspective, the better option seems to be Trump.
Why Electric Cars Are Not Popular in Slovakia
Economy
Why Electric Cars Are Not Popular in Slovakia
I recently overheard an interview in which the irrationality of Slovaks who refuse to buy more economically advantageous electric cars was criticized. Quite often, I encounter the fact that owners of electric vehicles fail to look at this problem through the eyes of the average driver. First, it is important to realize that the average Slovak drives either a second-hand car or his old car. In September alone, 5,000 individually imported cars were registered in Slovakia.
How Russian Economy Is (Not) Doing Well
Economy
How Russian Economy Is (Not) Doing Well
Russia\'s economic landscape is under strain. In this interview, Martin Vlachynsky, an analyst from INESS, sheds light on the complexities of Russia\'s current economic policies, their implications for businesses and ordinary citizens, and how the ongoing war continues to shape the country\'s financial reality.