Economy

Lithuania’s new coalition government comprised of the conservative Homeland Union-Christian Democrats, the Freedom Party, and the Lithuanian Liberal Movement has put this reform option back on Lithuania’s agenda.

Prior to the crisis triggered by the COVID-19 outbreak, the Lithuanian economy had been enjoying a rapid growth. Yet, while the number of available jobs had been increasing, the number of unemployed had remained steadily high.

In the interest of further prosperity of Poland and well-being of its citizens, we are protesting against the unjustified undermining of the importance of the rule of law, the benefits of our membership in the European Union and the presence of foreign investors in Poland.

Poland decided in favor of the veto partially in light of the EU’s activation of Article 7 on December 20, 2017. The Polish government is attempting to justify the veto by stating that it is defending itself and thereby affirming its power.

Poland\'s benefits from access to the Single Market are five times higher than from subsidies from the EU budget. In 2019 we received net transfers of EUR 11 billion from the EU budget. But, thanks to access to the European Single Market, Poland’s GDP was 56 billion euros higher.

It could be argued that the EU is now paying the price for the incomplete settlement of the rule of law dispute during the July summit, when the multi-billion euro Corona recovery package and the seven-year EU financial framework were agreed.

Berlin’s recently introduced rent control policy is Germany’s single most stringent rent regulation tool. The law prohibits any rental increases for a period of five years. In the case of new rentals, the rent a landlord is allowed to charge is determined by fixed reference values based on the age and fittings of the unit in question.

Addressing and diminishing barriers to the single market in the EU is a much welcome initiative. The initiatives to decrease bureaucracy, to step up efforts to comply with EU law, to evaluate the effects of new regulations on SMEs in impact assessments, and mutual recognition are important steps in promoting growth, free trade, and consumer rights.

When we talk about wages in Slovakia, we refer to gross wage. From an economic point of view, however, it is a fictitious value created by accountants. It represents an arbitrarily set point between the two key values: net wage and labor costs.

The Slovak agricultural sector suffers from several problems that hinder the competitiveness of farmers: complicated land ownership, due to which (young) farmers cannot access fields, an unpredictable business environment and bureaucracy and, last but not least, lack of investment in capital equipment.