Economy

If you think that these trends won’t affect you, because although you still have plenty time before you retire, or because you are not a blue-collar worker, don’t cheer too soon. The development of artificial intelligence can bring robotization and automatization not only to sectors where manual work with often repeated actions is needed.

49% of Ukrainian SMEs said they were inspected by a government body in 2015. These inspections took up to 14 days per year for a business on average, which means that businesses spent around 2 weeks of their operation time on dealing with the officials.

Year 2016 in Ukraine became a year of starting on the economic recovery path. Real GDP growth in 2016 is estimated at 1.4%. It was supported by higher domestic demand. In particular, real private final consumption increased due to higher disposable income primarily attributed to increase in wage income.

Ridesharing has become particularly attractive for passengers and increasingly more drivers engage in ridesharing as an extra source of income. Despite the rise in popularity, accusations of market anarchy prevail. The important thing to do is not to give in to false information.

The Czech Republic faces a huge challenge in the form of new waste economy legislation. Two regulations (waste law amendment and a new law concerning products with finished lifetime) are under an approval process at the Government Legislative Council (GLC).

A group of Trump’s strategic consultants at Technology Summit in Silicon Valley, the global center of technological innovation, has grown by two venerable names: Elon Musk and Travis Kalanick. Not familiar with these names? What a shame! Trump swallowed his pride and asked both of them to attend regular meetings.

Recent developments in India continued to steal headlines in the past couple of weeks. A surprising upshot was reported in both China and Vietnam while Spain and cannabis in the U.S. also generated significant interest.

While it might be too harsh to say that Hungary was near bankrupcy in 2010, or when it was put in the junk category in 2014 we could argue that it was only an overreaction of the market. Still, it would be wrong to say that ’Hungary is doing better’, especially on the regional level.

Georgia became an independent nation in 1991 after 190 years of, first, annexation by Russia and then forceful incorporation in the Soviet Union. After the Soviet Union collapsed, Georgia experienced the most dramatic peacetime economic decline in human history – a 75% drop in GDP. The country needed to restart its economy, and quickly.

South Korea has embarked on a completely opposite course by recently announcing its intention to regulate digital currencies. The Financial Services Commission decided to proceed with further regulation in the light of the increasing popularity of Bitcoin in the country.