EU

Automotive industry plays one of the most important roles in economies of the Visegrad Group countries. The sector became the regional leader in export and a reason for close ties among countries. Hyundai Kia in the Czech Republic and Slovakia is a textbook example of how one company ignores artificial national borders.

It became clear that Ukraine has failed to receive the third and final tranche of the MFA III. Initially, the MFA III at EUR 1.8 bn was agreed in 2015 under a number of conditionalities that envisaged 22 measures in the areas of energy, public financial management, anticorruption policy, etc.

LFMI launches Employment Flexibility Index 2018 for the EU and OECD. The index is based on the World Bank’s Doing Business data on labor market regulation and covers a set of indicators on hiring, working hours, redundancy rules, and redundancy costs.

The current social pillars are divisive, but the divide is not across the “East-West” lines or even the “liberal-socialist” lines; rather, it goes along the “reality-delusion” lines. Sadly, the proposed social pillars will not make delusional politicians to accept reality

In 2017, the looming threat of communism has not vanished completely. According to a poll conducted by the Victims of Communism Memorial Foundation, 44% of American youth would prefer living under socialism, 7% under communism, and only 42% chose capitalism.

Indeed, binding European funds with clear commitments from recipient countries sounds like a good idea. The big problem of a number of European policies and institutes is precisely the lack of an enforcement mechanisms, for example real penalties, which could help as a correction to a “misbehaving” member state.

Since the great expansion of the EU in 2004, we are constantly hearing concerns about so-called social dumping from hard-core, traditional EU members. What at first seems to be an action against imminent threats to social standards in Western Europe is in fact a sophisticated instrument to eliminate competition from new EU members.

Possibility to set statutory VAT rate below 15% for a wider set of different goods and services may lead to lower effective VAT rates in various Member States. Therefore, countries, which have fewer exemptions and/or reduced rates, may maintain the same principles of taxation but lower their standard VAT rate.

Despite Brexit, we are trying to move forward and keep working on other initiatives that would help European companies to expand their businesses. In June, I organised a breakfast debate with the European Internet Forum to discuss taxation in the digital economy.

Friedrich Naumann Foundation for Freedom proudly presents its latest publication: The European Union – Catalyst for Economic Freedom? As the name itself suggests, the collection of papers, including contributions by by Steffen Hentrich, Emmanuel Martin, Danko Tarabar and Andrew Young, is devoted to the issue of economic freedom within the EU.