Truth be told, the Doing Business report has lost a significant part of its explanatory power, at least for countries in transition, due to political economy of reforms and disregard of the level of rule of law.
The new Slovak government was elected in the spring of 20162. Fundamental commitments regarding improvements of the business environment appeared also in Government Manifesto announced in April 2016.
Bureaucratic burden is one of the most discussed and topical issues. No wonder! Whatever we may want or not, each one of us meets bureaucracy and administrative obstacles almost every day – in our jobs, businesses, or personal lives.
The last time the Czech government conducted an analysis of how high and costly the bureaucratic burden was in the Czech Republic, the result was that the state required the business to meet almost 1,500 different information obligations.
The official rhetoric of PiS government is “to make it possible to develop micro enterprises into small, small into medium, and medium into large or even into international champions”. However, the actual measures undertaken by the government were, in fact, to petrify the size of the companies.
Out of thirty European countries, sixteen allow retail trade on Sundays, whereas fourteen do not limit retail opening hours on public holidays. The countries which regulate retail trade on Sundays and/or public holidays apply a range of exemptions.
The liberalization of the Bulgarian power market has been characterized by constant external (the European Commission) and internal (private stakeholders) pressure. Regardless, the government has shown prevailing reluctance to take any serious actions.
2019 in Ukraine is the year of two elections: presidential (in March) and of deputies to the Verkhovna Rada of Ukraine (in October). This is exactly why analyzing the economic expectations of Ukrainian business is especially important – not only from an economic, but also from a political point of view.
Over the last decades, the post-socialist bloc countries have seen significant economic growth. The transformation to the market economy gradually yields its fruits, the unemployment rate in each of these countries, now also members of the EU, is lower than the average unemployment rate of the Eurozone.
The 2017 labor law reform significantly improved Lithuania’s position in the Employment Flexibility Index, moving the country from the 27th to 15th position among the EU and OECD countries, according to Employment Flexibility Index 2019 compiled by LFMI based on the World Bank’s Doing Business data.