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Ukraine 2015: Recovering From the Perfect Storm
Economy
Ukraine 2015: Recovering From the Perfect Storm
2015 was a year of many wins and losses for Ukraine. In the first half of the year, Ukraine faced a near-perfect storm of escalating military conflict, falling commodity prices and political instability. As a result already low export revenues went even further down and foreign currency reserves dropped to 5 billion dollars.
Excise Duties on Alcohol in the EU
Economy
Excise Duties on Alcohol in the EU
To better understand the need for a change in policy, this article first provides a brief overview of the current legislation and its implementation in member states and then looks at how current proposals for new minimum rates were formed. Finally, it evaluates whether increasing taxes on alcohol is the best course of action.
Poland Officially Becomes the Playground of Law and Justice
Politics, Society
Poland Officially Becomes the Playground of Law and Justice
President Andrzej Duda has just signed the act passed recently by both the Polish parliament (o, hail, the parliamentary majority of Law and Justice!) and the Senate (yay! another session held at 3am!) that is to alter the way in which Constitutional Tribunal operates. So now instead of 5 independent judges we\'ll have 15 (thus 13 will be necessary to make a binding decision) judges of somewhat dubious background while all claims will be scrutinized according to the chronological order in which they have been filed. Sounds sound, but is it really?
Government Santa Claus
Economy
Government Santa Claus
You were \'nice\'? Here is a reward. You were \'naughty\' – here is a punishment. There is a kind of a social contract between an individual and Santa Claus. This simple and intuitive logic is not uncommon in many cultures. But I cannot help at wonder: what would Santa Claus be like if he was a government figure?