Economy

Now, the ruling party wants to get rid of the private enterprises from the emergency medical services. The regulations provided by the draft bill, currently proceeded by the Parliament, constitute a model example of a regulatory expropriation.

Croatia is currently 61% economically free. There is no country with more than 90%. Therefore, Croatia\'s competitive gap is much more than 39% deficit in economic freedom. Croatia\'s challenge is to compete with much better countries of Central Eastern Europe.

Estonia is to pass a legislation that will transform the transport sector and help to improve the environmental dimension of public behavior. Why is it important to foster the development of Taxify, Uber, Wisemile, Starship, and other technological companies that transform public transport and logistics in Europe?

Estonia could become the first country in the world with virtual currency, the Estcoin. The problem is that the country’s official currency is Euro and membership in the Eurozone does not allow having any other parallel cryptocurrency.

Automotive industry plays one of the most important roles in economies of the Visegrad Group countries. The sector became the regional leader in export and a reason for close ties among countries. Hyundai Kia in the Czech Republic and Slovakia is a textbook example of how one company ignores artificial national borders.

An example of innovation is a standardized cargo container. Today, there are more than 20 million of these containers around the globe and we move practically everything in them. This innovation from the late sixties completely changed the world.

The Respect for Taxpayers Day becomes an official commemorative day in Lithuania to be celebrated on May 11. A recently adopted law is a result of a petition submitted by the Lithuanian Free Market Institute.

After three years of decline, illegal trade in alcohol is on the increase, shows a research by the Lithuanian Free Market Institute (LFMI). According to LFMI, this year the shadow economy occupied 24% of the spirits market in Lithuania, representing an increase by two-percentage points since 2015.

Bitcoin reached a new record height as its market price is now more than USD 7000. Despite the fact that hard times are awaiting Bitcoin in the following weeks, it is going to divide again. Technically speaking, the so-called \"hard fork\" phenomenon is about to happen.

It became clear that Ukraine has failed to receive the third and final tranche of the MFA III. Initially, the MFA III at EUR 1.8 bn was agreed in 2015 under a number of conditionalities that envisaged 22 measures in the areas of energy, public financial management, anticorruption policy, etc.