economy

Ukraine has been going through ambitious structural reforms aimed to strengthen its democratic institutions and human rights protection, impose rule of law, and develop modern market-oriented economy. Customs reform is among key reforms in Ukrainian policy agenda in 2019.

Each and every one of us knows lack. We hunger for bread, crave love, lack meaning. Lack leaves us restless, raging against the world and ourselves. But despite its familiarity, lack remains a mystery.

According to the Ukrstat, Ukraine exported USD 20.2 bn to the EU, surpassing the previous peak registered in 2008, i.e. before the hardships of two economic crises and the occupation of the part of Ukraine’s territory.

Slovakia has managed to muster a constitutional majority passing a bill that would have a detrimental effect on the stability of the Slovak public finances in the long run. The measure is the constitutional limit of the retirement age now set at 64 for men and 63 for women (with two kids).

Humankind is inherently attracted to games. As play is an important aspect of childhood, which adult did not look back yearning for those years? What needs emphasizing is that games, just like humankind, have evolved.

The ruling politicians are unfortunately going in the opposite direction. While a person working for a minimum wage in 2015 paid 29% in taxes and levies, with the planned minimum wage, they will pay more than 40% next year.

In 2017, the Cambridge Dictionary proclaimed “populism” the word of the year. There are many definitions of the term, still, it always evokes strong emotions. One of the definitions of populism in politics was proposed by the Swedish think tank Timbro.

Countries and organizations have often suggested ideas and changes based on the US economic/healthcare or educational system. Even though there are elements which we can learn from and desire to implement, some other parts of that system might seem much less attractive and desirable.

Last week’s events give some hope that the deep crisis which has gripped Venezuela’s economy in the past few years could end, or at least that the country may head towards economic recovery soon. It is, however, worthwhile to again review the dimensions and the causes of the crisis.

A minimum wage problem is a thought experiment that is not easy to comprehend. The fact is that people are different. Some people create enormous wealth and others do not produce much. If their added value or created wealth in a month does not reach the minimum wage, the government forbids them to work.