single market

Economy

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After joining the European Union, the Czech economy experienced rapid growth. Exports to EU countries soared from 25 billion euros to 188 billion euros in 2022. The growth rate of foreign direct investment increased fourfold after the Czech Republic joined the EU. GDP per capita rose by an impressive 46%. These figures speak clearly: being part of the European Single Market has become essentially vital for the Czech Republic.

Economy

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The twentieth anniversary of the entry of Poland and nine other countries into the European Union is a good time to remind ourselves of the benefits associated with this. In the Economic Freedom Foundation’s report, we focus on what is most important for the Polish and EU economies – the Single Market. More than thirty years since its creation, it can be considered a great achievement and the foundation of European economic development.

Politics

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Liberalism is based upon the premise that individuals are to be trusted, that they know best what is in their interests, that laws, regulations and rules are superseded by the freedom of an individual, and the legislator intervenes only when absolutely necessary. Why then do we still not return to this notion after more than a year after the COVID restrictions started in earnest?

Economy

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Addressing and diminishing barriers to the single market in the EU is a much welcome initiative. The initiatives to decrease bureaucracy, to step up efforts to comply with EU law, to evaluate the effects of new regulations on SMEs in impact assessments, and mutual recognition are important steps in promoting growth, free trade, and consumer rights.