Economy

Europe is standing at an essential crossroads. The key challenge here is stopping the decline of international competitiveness.

If Germany introduced the French minimal wage, approximately 8 million Germans could lose their jobs.

It is intriguing to observe the level of oil taxation in each European country owing to the mutual tax competition in the field of transportation.

Extraneous people (politicians, bureaucrats) decide about extraneous money (taxes) which is, as Milton Friedman concluded from his decision-making matrix, the most inefficient situation we can imagine.

If history repeats itself, Bitcoin could fall to 500 or 300 USD. But who knows? The fact is that in the longer term, it still has much greater potential than today’s prices.

New laws in Slovakia are passed like hotcakes and changed more frequently than socks, which creates a chaotic and unpredictable framework for citizens and entrepreneurs.

In comparison with the fifth election period (2006-2010), where the deputies were absent from 28.11% of sessions, the absenteeism during the sixth election period (2010-2013) increased by 3.47 percentage point to 31.58%.

In 2013, Civil Development Forum added estimates of implicit public debt to the Public Debt Clock, which was launched three years ago.

The Commission has published the first assessment of the national budgets for 2014. Only Germany and Estonia made the budget prospects flawless and deserve praise. Slovakia ended up in the third group.

One in every four EU citizens would either probably or definitely leave their home country to work in another EU member state in the next ten years.