Unexpected news came from Scandinavia last week. Sweden will have lower corporate tax rate than Slovakia! Last Thursday Swedish government announced its intention to lower tax rate from 26,3% to 22% in order to „strengthen climate for investments and growth“ in the country. Well, even Scandinavian socialism is not what it used to be. Truly shocking…
Čítať viacWe had two announcements of central banks in the Europe. First was Bank of England with a new boss Mr. Carney. Second was ECB. The Bank of England mentioned that forward guidance and intermediate thresholds would likely be considered at the August assessment which means some change of monetary policy but otherwise there were no…
Čítať viacWhat was not successful strategy in Germany was successful in Austria. For the first time a pure euro skeptic party founded by billionaire Frank Stronach will enter into the Austrian parliament, with 5.8 percent of total votes. It seems that euro skepticism is a one of the new political movement connected with the outcomes of…
Čítať viacWhen there are no good news in short term let´s create them in the long term. This is definitely slogan of all politicians. European commission for example predicted very slow growth for the EU and 0.3 % contraction for the euro club. BUT we should expect better tomorrows as usually in the long term. The…
Čítať viacFairytales are an inseparable part of not only child’s world, but even many grown-ups believe in fairytales. There is an interesting category in this genre, the so-called European fairytales, in which grown-ups in Brussels believe. One of the newest is that about the real Economic and Monetary union. It goes like this. Few years ago,…
Čítať viacWe are used to the fact that our parliament is not an autonomous source of legislative power, but merely a puppet in the hands of the government. Thus, a vast majority of the government’s propositions are comfortably passed by its parliamentary majority. Not all of them of course. Exceptions exist, and they are worthy of a detailed review.…
Čítať viacAnother part of Greek drama has it’s clear beginning and the end, because it is surrounded by two important dates. First is January 25., the day of victory of the radical leftist party Syriza in Greek parliamentary election. Second date is Fubruary 28., when the current rescue program terminates in which Greece has the acces…
Čítať viacIn the last few years, the word Start-up has established itself in the Slovak language and is successfully edging out the original term – “a beginning entrepreneur”. A start-up, a start-uper, the start-up scene, a start-up strategy, a start-up investment – the media are full of these collocations. This is not a coincidence. The change…
Čítať viacWe take many things in life for granted just because we have never seen them be any other way. You will surely agree that among those things is the expectation, that when we deposit our money in a bank, the bank will pay us interest as a compensation for having our money available for its…
Čítať viacIt is still working. Mario Draghi just explained what ECB board council was discussing and markets jumped on this verbal game. ECB let basic rates unchanged and board had just discussion about unconventional measures as QE. Draghi also explained that it does not mean that it will be used in a short term period but…
Čítať viac