I don’t believe that we need central banking, monetary policy or our national monetary unit. Without this, we can’t avoid two essential problems – politicization of the monetary politics and also its competitiveness. But by saying this I do not wish to imply that in this particular case of devaluation of the lari the central banking system was the major problem. Quite the opposite.
Ukrainian SMEs are poorly represented in the European market and do not expect any significant benefits from the free trade zone between Ukraine and the EU. At the same time, they are relatively less afraid of the possible negative consequences of trade liberalization with the EU.
Orbán is interested only in cash, not in values. His disregard for values or (to make it sound more proudly) for ethos of Western democracy continues for years and is expressed in many constitutional reforms or a positive evaluation of the model of the political system of modern China. He therefore easily avoids the topic of Ukraine’s right to sovereignty, self-reliance in international politics and territorial integrity.
The conference organised by Foundation Institute for Eastern Studies on February 15-17 in Łódź gathered in Poland many distinguished individuals, including politicians, journalists, think tankers and many others, who were seeking the possible ways of helping Ukraine develop in the midst of the on-going conflict with Russia. Liberté! was media partner of the event.
Through economic and financial convergence, European business culture and practice become part of our everyday lives quickly and naturally. If this had not taken place, the corrupt bureaucracy and way of life still prevailing in our vicinity would probably dominate here as well.
Merkel’s criticism of Orbán’s domestic politics came through clearly via independent media. The visit made it very clear how far Orbán is from the mainstream European opinion on issues of democracy and rule of law.
What will happen if there accidentally will be a change of government in Russia under the pressure of economic sanctions? This would be a success for European Union, but at the same time it would not solve the fact that Russian propaganda of nationalism has build anticipation in Russian society that a new leader will have to face, having in mind his own reputation.
2014 was the most difficult year for Ukrainian economy in the 21st century. Ukraine faced economic crisis and military conflict in the East, while Russia annexed Crimea. Real GDP is estimated to decline by near 7% in 2014 due to a drop in domestic demand and weak external demand.
By applying additional economic measures to diplomatic pressure the EU and US expressed disapproval of the Russian violation of fundamental international norms
The 34th edition of the Survey of the Lithuanian Economy provides forecasts of the main economic indicators for 2015 that are based on a poll of market participants.
