business

The current Vice-President of the European Commission Mr. Timmermans openly says that a minimum wage of 60% of the median wage should be paid in the EU. In addition, the European Commission launched consultations with trade unions and employers on EU minimum wage rules in January.

The football business shows well how underestimating a well-performing and efficient player can bring other costs. The player may either simply leave for another team, or, if restricted with a contract – underperform to the level only required by the payment.

Mark Zuckeberg appeared before U.S. representatives, again. He sat alone at an austere table, being looked down on by the mighty politicians from their raised podium. Yet, the founder of Facebook yields more power than all those politicians combined.

Ukrainian government needs to take steps to reduce the possibility of hostile takeovers of property and should ensure transparent and lawful conduct of the judicial system and law enforcement agencies. It should also engage Ukrainian business associations in policy making.

The key goal of this document is to be the planned increase in the quality of making of business law and to improve the relations between public administration and entrepreneurs. There are five reasons why this is pure propaganda.

The competitiveness of a country’s tax system is instrumental in creating a favorable environment for foreign direct investment, stimulating business, and advancing societal well-being. Competition based on endogenous factors should not be perceived as unjust or unnatural.

The first steps of the long-awaited customs reform in Ukraine started in 2017 only to be cancelled at the beginning of 2018. Meanwhile, customs clearance in the country remains lengthy and complicated, which is reflected in Ukraine’s low positions in comparative international rankings.

Politicians should ask themselves if depriving citizens of their right to choose high quality reasonably priced services while putting private businesses at a competitive disadvantage is the path Lithuania should follow.

Lithuania has long been praised for its rankings in the categories of starting a business, registering property, and enforcing contracts, but it has also been criticized for a heavy administrative burden and red tape pervading the areas of dealing with construction permits, getting electricity, and paying taxes.

Business in Ukraine is slowly recovering from the economic crisis that hit the country several years ago. Entrepreneurs have little trust to the government but plan to speed up their growth and want the authorities to provide fair and favorable conditions for businesses.