Estonia Needs More Tax Take, Debate Likely Not Until after Election
While the state does need to find new revenues, there will not be any substantive debate on taxation over the next four months, new Finance Minister Annely Akkermann (Reform) says.
finance
Law and Justice Continues to Deprive Poles of Money from EU Recovery and Cohesion Funds
The talks over the National Recovery Plan were to begin in February. Since then, the European Commission set particular conditions on which the assets would be transferred to Poland, mainly linked with the improvement of the deteriorating situation regarding rule of law in the country.
Price of Political Instability in Bulgaria
The period of instability in 2021 could easily be redefined as stretching up to 2022, given that the cabinet of Kiril Petkov lasted twice as short as that of Plamen Oresharski. The most recent elections show that the political crisis in Bulgaria is far from over.
Production Recovery in Ukraine Continued, but More Good News and Certainty Required
In August 2022, the production recovery in Ukraine continued, but the dynamics of the indicators of the economic conditions indicate a possible slowing down of the recovery trend in 6 months perspective. This is indicated by several important factors.
Scary Bill from Polish Government
In 2021, public expenditure per capita in Poland for the first time exceeded the amount of PLN 30,000. It accounted for 44.2% of GDP – less than the year before when the pandemic hit, but still much more than in 2019. Since 2015, public spending in Poland has increased in real terms by over 35%.
Coal Allowance in Poland: From Soup to Nuts
In times of galloping inflation, the Polish government creates another inflation impulse – the “Coal allowance”, the payment of which is expected to cost as much as PLN 11.5 billion.
Georgia’s Trade Dependence on Russia Is Political, Not Economic
In its 2021 survey, the NESG found several misunderstandings and issues as to why would Georgian producers or importers prefer Russia to the EU. The reasons are mostly emotional and not based on factual realities (like cheaper prices in Russia or language-related problems).
Is Money, Money?
Every individual earns money for living somehow. The society agreed that the government is needed and this means we should pay money for their service, and we call it taxes. We may not like paying taxes, but we understand the need for the government to exist.
How to Stabilize Healthcare Hole
I dare to write that the health financing situation is becoming increasingly muddled. With all three health insurance companies (allegedly) starting to cut their losses, the problem of financing Slovak healthcare has moved up a notch. Of course, it is too early to be scared, but from a systemic point of view, any future financial problems of the health insurance companies would be much more serious than the financial problems of the hospitals.
Is Default of Slovakia Realistic?
The current social package worth more than a billion euro has definitively confirmed that Slovak government is going kamikaze in the area of public finances. After all, the money is “lying on the pavement”.
