economy

Two world-renowned economists, Stiglitz and Piketty, have come out of the closet. They have admitted to the world that they are degrowthers. Writing in The Guardian, they argue that \"economic growth is a doomed strategy.\"

In recent years, Slovakia has been engaged in a debate about being \"stuck in the middle-income trap,\" about having \"exhausted our growth model,\" and about the need to move \"from assembly line to brain gain.\" This debate matters. The trouble is that its vocabulary tempts us into a far too mechanical view of prosperity. Let me explain what I mean.

Bulgaria is about to enter the excessive deficit procedure for the second time in its recent history. At present, all expectations are focused on the government, which must propose a regular budget for 2026 and give a clear signal that it is reversing the trajectory of public finances.

The new government in Bulgaria is proposing a budget with a deficit of 5.7% of GDP, or EUR 7.2 billion. And this is happening in the country with the lowest unemployment in the European Union — the lowest since records began.

In general, no tax should be considered in isolation, which is why the taxation of individuals\' income must be aligned with the taxation of companies\' income, i.e., corporate tax. Put most simply, the system should tax similar activities and income in the same way, rather than allowing arbitrage/tax avoidance based solely on legal form.

More than four years into Russia’s full-scale invasion, Ukrainian businesses continue to demonstrate remarkable resilience. Yet, the results of the latest New Monthly Enterprises Survey (NRES), conducted by the Institute for Economic Research and Policy Consulting (IER) in May 2026, suggest that signs of a slower economic recovery are becoming increasingly visible.

An institution is never only a norm. It is also the extent to which people are willing to treat that norm as binding — and the methods they reach for when they are not.

Even in the fourth year of Russia’s full-scale invasion, Ukrainian businesses continue to view the customs system more positively than negatively. Yet, the latest survey of exporters and importers suggests that the focus of reform is changing.

The catastrophe cannot be explained by the embargo alone; Cuba’s deeper tragedy is the system itself — one that promises dignity to the worker while making ordinary work meaningless, underpaid and morally absurd. That is why today, according to media reports, Cubans lack even the most basic foods: rice, chicken and other everyday products, available only through ration cards after long hours in queues.

The Lithuanian Free Market Institute (LFMI) warns that, after the recent tax reform, Lithuanian businesses are facing another major regulatory challenge — the implementation of the EU Pay Transparency Directive.