One of the debates which has intensified recently is to what extent is lax monetary policy causing the increase in the price inflation.
The 20th anniversary of the euro was marked by an increase in price inflation. In the euro area, annual consumer price inflation reached 5% in December 2021. Lithuania recorded the highest rate of 11%.
The inflation in Hungary is just as bad as it is in the rest of Europe: in 2021 the rate of the inflation was 7.4%, which was a 13-year-old record. It is a logical step from the government that they want to reduce its level and want to moderate the prices.
The term “wage” and its size are very important in national discussions about labor markets, taxes, and insurance payments, but also as a part of international comparisons for investors deciding to build a factory or place investments in a specific country.
Rising consumer prices have become an important issue both in the world and in Slovakia. Although with the current single-digit growth, consumers of the 1970s would have laughed us out, it is good that we are talking about this topic out loud. Perhaps it will help us avoid much bigger problems.
Within the framework of the “Polish Deal”, PiS is raising the tax burden on income from rental housing drastically and without a transition period. In this way, the government wants to slow down the growth of property prices and, at the same time, increase budget revenues. This is a wrong direction.
Have you ever been told you cannot put a price on peace, love, etc.? It’s a lie. Everything has a price, albeit not necessary a monetary one. Failing to understand this usually leads to a failure in securing one’s goals. This is why we need to talk about the price of victory.
Slovak public has recently experienced number of front-page stories about patients, who were refused payment for innovative highly expensive drugs by health insurance companies. Stories, which attracted a lot of emotions and stirred the public and which are vanguard of much bigger future troubles in public healthcare.
Wage debates are always heated, no matter if it is an employee asking their boss for a rise, or union negotiations. Anyway, in the past year or two, the wage question became one of the leading topics of public debate in Slovakia.