Economy

In the last few weeks, there has been a lot of buzz in the European media about the proposal by Angela Merkel and François Hollande to harmonize corporate taxes in the European Union. The specific idea is to introduce a minimum tax rate that all EU member states are required to implement (a detailed plan for this is expected …

This week, Berlin became the first German city to introduce a rent cap on residential properties. In this short commentary, we will look at what the city government’s move could mean, as well as the functions of the price mechanism in a free economy. The cap As of Monday, the new …

"It was taken without wide discussion" (the decision to introduce a flat tax), claims the director of the Institute for Economic Research of the Bulgarian Academy of Sciences in a presentation of their report this week. In fact, this discussion began in December 1997 and ended in December 2007, with the effects of the reform being monitored and assessed ...

In March, Bulgaria placed three Eurobond issues on international markets for a total value of around EUR 3.1 billion. The issues were considered successful given the good yield achieved compared to the 10-year Eurobonds issued in the summer of 2014 for EUR 1.5 billion. Although the country’s need to exit …

International organizations, such as the UN, the EU, the World Bank, and the IMF, often emphasize how important education is for economic growth. This is a thesis with which I generally agree. Education is important and it is good for people to be educated. The logic of the prominent organizations, as well as the various private individuals who also …

Incidents in ammunition production or disposal plants are becoming more and more common in the news. Unfortunately, regardless of their nature and the reasons for their occurrence, they are perceived as something that happens because of private initiative in the sector. This “stone in the garden” of the free market is largely …

The heated debates surrounding healthcare reforms have recently returned. But instead of the conversation heading in the right direction, namely towards the topic of liberalizing the health insurance market, it has gone astray and has turned to the chasm of fines and collection rates. We are not saying here that there are no problems with the collection of insurance premiums - there are many ...

"Economic growth" has become one of the most overused mantras these days and serves as a justification for almost every inefficient government spending, government intervention in market relations, or favoritism for businesses close to power. All parties — except one — comment at length in their programs on the recipes for how …

John Goodman Lee Kuan Yew, Singapore’s first prime minister, died last week at the age of 91.[1] Almost every biographical note in his memory comments on the radical transition that began under his leadership. As John Fund notes in the National Review: “Through reforms toward free trade, capital formation, a strong meritocratic education system, low taxes …

The months of March and April are a time for frequent meetings with the state administration, especially for those of us who have businesses, have founded non-governmental organizations, work on civil contracts, or even just have to fill out a tax return. Regardless of which tax/fee/document collecting institution we encounter, the common denominator is that we will …