In the process of writing the pre-election commentary, I received the second of two crowdfunded polls concerning preferences of political parties. The outlook was not that similar to the actual result – there was one distinct exception. Nobody had anticipated that the coalition PS/Spolu would not make the cut by 926 votes.
Prague, September 11, 2019
On September 10, 2019 ,the first international finale of the Economics Olympiad took place in the Czech national bank in Prague. Slovakia was excellently represented by five students from whom two reached the first two medal positions. High school students undoubtedly proved that despite reports of low financial literacy of Slovaks, there are many exceptionally talented young economists who will not get lost even in international comparison.
Long announced “retail chain tax” is taking its final shape in Slovakia. The law passed the first round of voting in the parliament and is awaiting the second voting in November. The government’s intention is to lower the market power of large international retail chains. Unfortunately, the alleged problems are mostly made-up. Instead, this tax may end up raising the food prices and wrecking havoc in Slovak retail.
Mankind has made unbelievable progress in the last one hundred years. From horse carriages to moon landings, from typhus epidemics to molecular genetics, from conservative patriarchate to gay marriages. One thing does not change though – the suspicion, or even hate towards merchants.
The Institute of Economic and Social Studies (INESS) first introduced its Bureaucracy Index in Slovakia in 2016 to draw the attention to the amount of red tape a small entrepreneur has to overcome on a daily basis just to do business.
Bureaucracy Index was introduced in Slovakia in 2016 by INESS – Institute of Economic and Social Studies, to draw the attention to the amount of red tape a small entrepreneur has to overcome on a daily basis.
