Hungary and Taxing Taxes
The number thirteen is commonly recognized as an unlucky number. But for Hungarian businesspeople, the preceding number is worse, as the 12th is the deadline for paying taxes.
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Shortening Our Work Week, or Reddest Apples of Eden
The idea of a 4-day working week has already captured minds in many places around Europe. Like UBI, it is a devilishly sweet temptation that is almost impossible to resist.
Why World Needs More Markets in Healthcare
Recently, a Slovakian newspaper published a commentary about tighter regulation in the healthcare sector. The question remains what exactly does he mean by the word “tighter regulation”?
Four-Day Working Week Without Rose-Tinted Glasses
Slovak Prime Minister Robert Fico said at Davos that Slovakia could become a country that will experiment with a four-day working week. It is a flattering topic and so several media immediately picked up on it.
I Hoped It Was Not Church
The most controversial Hungarian story in recent memory includes the resignation of Hungary’s President and a former Minister of Justice, a presidential pardon for an accomplice in a pedophilia crime, and, as it turns out, the leader of the Hungarian Reformed Church. It recently came to light that in 2022 Katalin Novák pardoned a man, who was convicted of coercion while aiding a pedophile in covering up his crimes.
Let’s Not Raise Minimum Wage. Let’s Abolish It!
It is telling that the public almost unquestioningly believes that the minimum wage helps low-income people in particular. But as the prominent Czech economist Robert Holman writes in his textbook on microeconomics, “If economists agree on anything, it is that legislating a minimum wage increases unemployment.”
Economic Defence of Advertising
Advertisements are generally regarded as a socially undesirable phenomenon. At best, they are seen as a poor source of information about a company’s products in an attempt to raise awareness of their existence and thereby win new customers, but more often as a despicable practice aimed at manipulating consumer preferences.
Peltzman Effect: Unintended Consequences of Government Intervention
Why are expectations about the impact of government regulation so often not met? Why do the actual consequences of government interventions diverge countless times from the intentions of the politicians who promote them? Economics has elegant answers to these stimulating questions. One of them will be illustrated and explained in this article.
Drop in Ocean – Chinese Investments in Georgia
Following the publication of the Sino-Georgian strategic cooperation statement, discussions on the ups and downs of this document have become a focal point in the Georgian media. This is not surprising since the issue concerns one of the largest and most ambitious states in the world, and its foreign policy moves are constantly at the center of attention.
Through Green Deal, EU Has Declared War on Entrepreneurship
An EU sustainability regulation, part of the Green Deal, risks making entrepreneurship almost impossible in the European Union. By aiming to “harmonize” at the EU level the criteria for which economic activity “qualifies as environmentally sustainable”, the regulation in question will make doing business in the EU unnecessarily difficult. Complying with environmental legislation in the European Union, besides being controversial, is already very complicated.
