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Lithuania Liberalizes the Labor Code
Economy, Politics
Lithuania Liberalizes the Labor Code
On September 14, 2016, the Lithuanian Parliament endorsed a new Labour Code which will bring about the most notable changes in terms of types of employment contracts, working time and overtime regulation, annual leave, employee dismissal procedures, and the size of severance pay.
Polish Copper Mining Giant in Governmental Chains
Economy
Polish Copper Mining Giant in Governmental Chains
Economic slowdowns are always challenging for the state authorities. Expenditure cuts and search for new sources of income often lead to imperfect policy changes. In 2012, KGHM became a victim of a government’s hunt. As a result, the company was forced to pay a new silver and copper extraction tax.
Poland: Moving Away from the Forced Conversion of Foreign Currency Loans Is a Good Step Forward
Economy
Poland: Moving Away from the Forced Conversion of Foreign Currency Loans Is a Good Step Forward
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.
How to Pluck the Fruits of the Sharing Economy?
Economy
How to Pluck the Fruits of the Sharing Economy?
France is facing yet another challenge. The European Commission clearly stated that a restrictive regulatory approach that they have implemented must be avoided. A difficult road is ahead for the French government as it will have to admit that the country’s licensing practices are laughably outdated and have to be removed.