Economy

The ongoing epidemic requires an adequate response. In terms of the upcoming weeks, Slovakia should proceed in an organized and responsible manner.

Crises, particularly so severe as the one we are currently facing, have the inevitable habit of redefining the way our economic life works. The way people work, as well as the very labor market itself, will undergo significant changes.

Oman started 2020 off on the right foot when it comes to economic freedom. A new Foreign Capital Investment Law (FCIL) came into force to visibly lower barriers to foreign investment in the Sultanate. The crucial change is that 100% foreign ownership is now possible in Oman.

Lithuania improves its ranking from the 21st to 16th in the Heritage Foundation’s 2020 Index of Economic Freedom. The country has regained its position from 2016 after four years of backsliding, the index shows.

The epidemic of good advice, tips, challenges, and recommendations for the new Slovak government is much stronger than the viral one. There are many things to fix, to improve, and especially – to save.

According to new Corruption Perceptions Index (CPI) 2019 published by Transparency International, Ukraine scored 30 points out of 100. This means that Ukraine has gone back to the level from 2017 and now ranks 126th out of 180 countries, alongside Kyrgyzstan, Azerbaijan, and Djibouti.

Global trade growth has been in a slowdown for a decade. Contributing to the trend is a recent rise in protectionist policies, particularly in the United States. On top of it, Brexit, no matter in what form it takes, is projected to decrease trade volumes.

Today, about 100,000 Lithuanians take advantage of this opportunity to legally supplement their income—but starting a small business hasn’t always been so simple, and the threat of losing this tool that helps entrepreneurs like Ona succeed is very real.

The current Vice-President of the European Commission Mr. Timmermans openly says that a minimum wage of 60% of the median wage should be paid in the EU. In addition, the European Commission launched consultations with trade unions and employers on EU minimum wage rules in January.

The main mechanism that relates human freedom to economic growth is channeled through institutional and economic factors, such as government effectiveness, investments, and trade. Therefore, institutions are an important determinant of economic prosperity in countries worldwide.