Economy

INESS has been one of the few opponents of the regulation. We included the abolition of the cash payment restrictions in our long-term competitiveness program Top20. Also, thanks to our advocacy, the (currently) biggest opposition party included a partial easing of the regulations (rising the EUR 5,000 limit to EUR 15,000) in its 2016 election program.

This should be the first commandment of every regulator. Or at the very least, forbidding should not be their first step. All over the world, many governments which have imposed a ban on sharing economy do not respect this rule. They shoot first and ask questions later.

Many other Western entertainment producers have also found their new homes in Chinese industrial enterprises. The movie studio which produced the Dark Knight trilogy was bought by a real estate magnate from Beijing for $3.5 billion. Since 2015, up to 70% of acquisitions of gaming companies reportedly have a Chinese buyer.

The system of concealing the actual amount of employee contributions (employers\' contributions) and the transfer of the obligation to tax returns and the calculation of contributions and taxes to the employer, made the employees fiscally illiterate.

For Poland, introducing euro is, strategically, a very important step. The discussion (so far only theoretical) is conducted in two areas. First, a political debate is devoted to the direction of our integration. There is, however, a second debate – a strictly economic one.

Bulgaria is by far not the only country where regional differences are not only significant, but are also becoming greater. There are basically no countries which manage to simultaneously increase the wealth in their poorest and richest regions, while at the same time achieving a meaningful internal convergence.

The European Commission has launched a legislative initiative on cash payment restrictions aimed at exploring the rationale for the introduction of upper limits on cash transactions. LFMI presents its position on the issue of restricting cash payments as a measure to fight against criminal activity, terrorism and the shadow economy.

The price of Bitcoin has doubled since the beginning of the year, currently floating around USD 1,900 per Bitcoin. There are a few generally stated reasons why the virtual currency is on the rise. There have been recurring talks about the Exchange Trade Fund, which should ordinarily be traded on the larger exchange markets.

Fortunately, this time, the Slovaks are actually doing something right. Despite all the protracted protests of taxi drivers, liberals from the ranks of the opposition decided to amend the Road Transport Act. The aim of this legislative endeavor is to address precisely the issues that were brought up at the inception of the backlash against Uber.

A profound majority of BC´s computing power and trade volume comes from China. Yet, the Slovak government has been continuously concentrating its efforts in the carefully navigated state process of undermining the use of BC in the country. Fortunately,so far to no avail.