Economy

The building, based on Gaudí’s unique architecture, has been under construction since 1882 and the expected year of its completion is 2026. The church is interesting not just by its architecture and a huge capacity (15,000 people), but also by the fact that its construction has been financed only from private sources.

In line with Laffer’s curve[1], the low flat income tax has led to a steady growth in revenues from income tax, because people responded to the reduced incentives for concealing income.

The Index of Economic Freedom by Heritage Foundation, the Index of Economic Freedom by Fraser Institute, World Bank\'s Doing Business, World Economic Forum\'s ranking, IMD’s competitiveness ranking - all these rankings are telling us the same thing: better times in Slovakia are long gone.

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%.