While it might be too harsh to say that Hungary was near bankrupcy in 2010, or when it was put in the junk category in 2014 we could argue that it was only an overreaction of the market. Still, it would be wrong to say that ’Hungary is doing better’, especially on the regional level.
Georgia became an independent nation in 1991 after 190 years of, first, annexation by Russia and then forceful incorporation in the Soviet Union. After the Soviet Union collapsed, Georgia experienced the most dramatic peacetime economic decline in human history – a 75% drop in GDP. The country needed to restart its economy, and quickly.
With the increasing number of terrorist attacks in Europe passionate debates all around in the ether picked up in pace, scrutinizing a range of complementary topics – from the circumstances of individual attacks, sources and causes of terrorism to distinct analyses of motives presumably prompting terrorists to carry out their disdainful acts of violence.
Ranked 20th in the 2016 World Bank’s Ease of Doing Business Index, Lithuania has outstripped its closest neighbours Latvia and Poland. Yet, possibilities of forging ahead as one of the most business-friendly economies are not fully exhausted.
The Economic Freedom of the World study gives all nations a very useful tool to see in which areas their countries’ economies have weak spots, why investors are not attracted to what they offer and why individuals avoid hard work.
Although Mateusz Morawiecki (Deputy Prime Minister and Minister of Development) often says that his plan would be based on the idea of both governmental and private saving and investing, the programme itself shows quite the opposite: the government just wants to spend money immediately on certain investments and branches.
Taking a loan in a foreign currency puts both borrowers and banks at risk. At the time of signing the contract, both providers and takers neglected the possible weakening of Polish zloty, believing in its further strengthening. Besides the fact that one can easily learn about it from various sources, the majority of borrowers knew that such a danger exists.
“Inequality” refers to very important aspects of social life. But the debate on equality is full of confusion because of its many meanings, methodological and empirical errors and very strong emotions which “inequality” evokes. Conceptual confusion includes the lack of precise distinction between the inequality of situation and the inequality of opportunity.
A morning of June 24 was like no other. Some people were woken up in the early hours by a piercing sound of their mobile phones, when their friends wanted to reach them. Others anxiously climbed out of their beds. Most of them immediately switched on BBC news on their tellies only to find out that their worst fears came true – the majority of British citizens voted ‘leave’ in the EU referendum.
The emergence of the sharing economy
shook things up in many sectors and
within their regulatory frameworks.
The greatest upheavals are currently being experienced by the taxi and accommodation services, since these are the services where the sharing economy has managed to compete with traditional service providers by (re-)employing idle capital.
