Economy

Recent pre-election debates in Bulgarian media have left many people with the impression that the flat income tax is probably the most important “problem” to be solved by the new government.

Ukraine is now in a completely new environment – military operations in the east and military invasion and aggression of the Russian Federation have left a significant mark on the processes taking place in the country, including the reform of the business environment.

The survey showed that 42.3% of managers reported no change when comparing the financial situation of their company now and a year ago, 8% indicated that the situation improved, 40.7% of respondents answered that the situation has worsened, and 9% failed to answer the question.

While EU and US sanctions against Russia over its aggression in Ukraine, and Russia’s counter-sanctions, are much discussed due to their evident political significance, less attention has been given to Russia’s punitive sanctions against the three Eastern European states–Ukraine, Moldova and Georgia – that have signed with the EU Association Agreements (AA), which include Deep and Comprehensive Free Trade Area (DCFTA) provisions.

Machine building sector in Ukraine is facing a difficult situation. Recent research showed that machine building is most heavily exposed to the Russian market in terms of the percentage of output exported to Russia.

Politicians are widely known for their “flexible spines”, but, as elections approach, that softness reaches a jelly-like state.

The Institute revised downwards the forecast for 2014 and 2015 to take into account increasingly devastating effects of prolonged military conflict in Donbas.

The big change in the EU did not take a place and Scotland remains the part of the United Kingdom. Even though the largest city - Glasgow - voted for independence, NO won 55:45. But this is not the end of the game for Scotland.

Fairytales are an inseparable part of not only child\'s world, but even many grown-ups believe in fairytales. There is an interesting category in this genre, the so-called European fairytales, in which grown-ups in Brussels believe. One of the newest is that about the real Economic and Monetary union. It goes like this.

From time to time, our media report that Slovakia has once again fallen in another competitiveness ranking. The papers write about it for a day or two, the TV stations show a few reports, opposition barks a bit, the government refuses the criticism and challenges the results. However, the topic usually does not live to see its third day in the media.