regulation

The idea of capping interest rates on non-bank consumer loans has returned to the Czech political agenda. The intention is unimpeachable: protect financially vulnerable people from predatory lenders and prevent debt spirals. Nobody serious disputes that goal. However, will the rate cap actually solve the problem it claims to address?

Platform workers in the Czech Republic are not, by and large, a captive workforce in need of rescue. They are people who have made a rational choice to work flexibly, on their own schedule, for income that suits their circumstances. Good regulation should make that choice safer and more transparent. It should not make it impossible.

The first few weeks after the introduction of the euro have passed, and all indications suggest that the new currency is gradually becoming dominant in everyday circulation. Despite some attempts to stir up tension, the initial days went relatively smoothly—with the expected pressure on cashiers in retail outlets, but without any serious systemic problems.

By a narrow vote, the European Parliament has effectively blocked the entry into force of the partnership agreement with Mercosur. This is yet another failure by the EU to improve its prospects for prosperity and economic transformation. The agreement that was signed is a step in the right direction, but delaying it means accumulating lost benefits—at a time when growth in the core of the euro area is dangerously close to zero.

One of our authors, Martin Vlachynsky, participated in an episode of In Conversation With, where he spoke with Adam Bartha, Director of Epicenter Network.

Competitiveness is a strange beast—always measured against outsiders, yet forged internally. In her annual address, European Commission President Ursula von der Leyen reminded us of a hard truth, one that “after Draghi and Trump” can no longer be ignored: competitiveness is not a game; it is a matter of survival.

A New International Comparative Study by C4D Consulting on behalf of the Friedrich Naumann Foundation for Freedom reveals: a lack of structural reforms and the planned EU ban on combustion engines threaten up to one in three jobs in the automotive industry, weakening its innovative capacity. Instead of technology bans, open and competition-friendly framework conditions are needed to secure the European automotive industry in global competition.

According to the Fraser Institute’s latest Economic Freedom of the World report, Ukraine has once again found itself in the group of the least economically free countries in the world. Ukraine is currently ranked 143rd among 165 countries and territories, a slight improvement from the previous 150th place.

With iron regularity, texts appear in the public sphere about powerful lobby groups influencing politics, or even dictating to governments what legislation to adopt and what policies to pursue domestically and internationally. First, we need to analyze the idea of a wealthy entrepreneur who, instead of developing their business in a \'market-oriented\' way, spends their time trying to convince politicians to secure advantages for their business from the state.

Advocates of state intervention and regulation believe that these mechanisms can improve the environment by suppressing the free market. Over time, they have become an increasing challenge for defenders of capitalism and the free market economy. The solution to global warming, air pollution, and so on is therefore said to be less market and more state planning.