The Impact of Legislation on Foreign Direct Investments in Slovak Republic

2016 ◽  
Author(s):  
Anna Vartašova ◽  
Karolína Červená ◽  
Mária Bujňáková
2021 ◽  
Vol 14 (3) ◽  
pp. 117
Author(s):  
Esmeralda Jushi ◽  
Eglantina Hysa ◽  
Arjona Cela ◽  
Mirela Panait ◽  
Marian Catalin Voica

The ultimate goal of central banks, worldwide, is to promote the foundations for sustainable economic growth. In the case of developing economies, in particular, such objective requires time, huge efforts, attention, and plenty of resources in order to be accomplished to the fullest degree. This paper thoroughly investigates key factors affecting Balkan countries’ economic development (as measured by gross domestic product (GDP) growth), focusing especially on the impact of remittances. The analysis was done over an 18-year time interval (2000–2017) and builds on 144 observations. The data figures were retrieved from the World Bank database while two dummies were created to test the impact of the last financial crisis (2008–2012). Econometric tools were employed to carry out a broad analysis on the interdependencies that exist and, in particular, to determine the role of remittance income on growth. The vector auto regressive model was estimated using EViews software, and was used to come up with relevant insights. Empirical findings suggest the following: population growth, remittances, and labor force participation are insignificant factors for sustainable growth. On the other hand, previous levels of GDP, trade, and foreign direct investments (FDIs) appear to be relevant for the predictor. This research provides up-to-date conclusions, which can be considered during the decision-making process of central banks, as well as by government policymakers.


2021 ◽  
pp. 097639962097420
Author(s):  
Gaurav Bhattarai ◽  
Binita Subedi

The global economy has been severely paralysed, owing to the unprecedented crisis triggered by the COVID-19 pandemic, and different studies have indicated that the crisis is relatively more maleficent to the lower-income and middle-income economies. Methodologically, this study relied on the review and analysis of the grey literature, media reporting and data published by the Asian Development Bank, United Nations Conference on Trade and Development (UNCTAD), United Nations (UN), World Bank, International Monetary Fund (IMF) among others. The article begins by describing the impact of the pandemic on low-income and middle-income countries, and it discusses how they have responded to the crisis. While discussions have surfaced regarding whether COVID-19 will reverse the process of globalization, what will be its impact on the low-income country like Nepal? The study also highlights that with foreign direct investments speculated to shrink and foreign assistance and remittance taking a hit, how is Nepal struggling to keep its economy afloat? Analysing the new budget that the government unveiled in 2020, this study concludes with a note that instead of effectively implementing the plans and policies directed by the budget, Nepal is unnecessarily engaged in political mess and is needlessly being dragged into the geopolitical complications.


2021 ◽  
Vol 13 (3) ◽  
pp. 1205
Author(s):  
Zuzana Pucherová ◽  
Regina Mišovičová ◽  
Gabriel Bugár ◽  
Henrich Grežo

Suburbanization, as a set of several factors, influences and changes the landscape structure of smaller municipalities in the hinterland of larger cities. The purpose of this paper is to evaluate the built-up areas related to suburbanization within three time horizons—in 2002, 2005, and 2020—in 62 municipalities of the district (including two cities, Nitra and Vráble). This study examines the process of spatial changes in landscape features (residential, industrial, agricultural, transport) related to suburbanization between 2002 and 2005 and between 2002 and 2020. The input analytical data were digital orthophotomaps from 2002 and 2005 and the current orthophotomosaics of the Slovak Republic from 2017 (GKÚ, Bratislava), updated for the year 2020 using Sentinel 2 satellite image data (European Space Agency). The impact of suburbanization processes between 2002 and 2005 did not reach the dimensions of the changes that occurred due to suburbanization processes between 2002 and 2020 or 2005 and 2020. The main research objective of the article is the identification and assessment of these changes. We determined which landscape features related to suburbanization affected spatial changes in municipalities of the district Nitra. The total area affected by one of the suburbanization processes monitored by us reached 92.52 ha in the period between 2002 and 2005. Between the years 2002 and 2020, the area reached a total of 2272.82 ha, which is an increase of 2180.30 ha in 2020 compared to 2002. This included mainly the expansion of settlements or housing (60.15%), industrial areas (29.31%), transport facilities (4.35%), agricultural areas (0.73%), and other areas (5.46%). These results show expanding suburbanization for the period from 2002 to 2020 and that this process has been gaining momentum in the municipalities of the Nitra district, especially in recent years, which changes the look of rural municipalities and the character of a typical rural landscape.


2019 ◽  
Vol 7 ◽  
Author(s):  
Angelika Kútna ◽  
Imrich Antalík ◽  
Norbert Gyurián ◽  
Zoltán Šeben

In 2013, the Slovak Parliament adopted the Law on Amendments to the Law on Income Tax. One of the most significant changes was the introduction of the Tax License of a Legal Entity. On January 1st, 2018, a minimum corporate tax (the so-called tax license), which was introduced in 2014, was abolished. The main aim of this paper is the evaluation and quantification of the impact which the minimum corporate tax has on the amount of tax liability of a selected group of legal entities in the agricultural sector. The research had tried to find an answer if the tax license abolishment was more in the political interests or if it had some economic background. The main research questions are how has the corporate tax duty increased in the agricultural sector in the Slovak Republic after introducing the minimum corporate tax and how has the tax burden for agricultural holdings increased after introducing the tax license. The analysis presented in this paper confirms that the instrument of introducing the minimum tax is for loss-making sectors, such as the agricultural sector, undoubtedly unfair. On the other hand, the study has confirmed that the public which regularly pays the taxes, agrees with its introduction.


Author(s):  
Юлія Цевух ◽  
Вікторія Бобришева ◽  
Аліса Крупиця

The article presents the results of the study of the main trends of the labor market in Central and Eastern Europe during 2010-2021; it also investigates selected labour market outcomes affecting migration processes in Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary. Using econometric modeling, the impact of GDP per capita, annual net earnings per employee, job vacancy rate, unemployment rate on the number of emigrants from these CEE countries was estimated. It is followed by the analysis which controls for dependence of the number of immigrants to CEE countries on labor market outcomes and GDP per capita. The simulation results demonstrate a direct impact of the indicators of net earnings per worker, the level of unemployment and quantity of emigrants from CEE countries. At the same time, there is a direct relationship between job vacancy rate, net earnings and immigration into Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary.


2021 ◽  
Vol 32 (3) ◽  
pp. 234-246
Author(s):  
Ksenija Denčić-Mihajlov ◽  
Vinko Lepojević ◽  
Jovana Stojanović

Bearing in mind the different nature and the impact of various types of foreign direct investments (FDI) on the one hand, and the specific macroeconomic environment in the post-socialist countries on the other hand, in this paper we reexamine the selected macroeconomic factors that affect the two types of FDI inflows (cross-border mergers and acquisitions and greenfield FDI) in four countries of the former Socialist Federal Republic of Yugoslavia. The study employs the balanced panel data framework and covers twelve-year period (2006-2017). Having performed the Hausman test, we use the random effect model and provide evidence that: (1) the key FDI macroeconomic determinants in stable business conditions, examined in numerous research studies, can have a different impact on FDI in times characterized by unstability and financial crisis, (2) some determinants of FDI inflows have different importance and direction in the case of cross-border M&A and greenfield FDI. Our findings are relevant for policymakers who should reconsider the key factors that fuel the FDI inflows towards their developing economies.


ECONOMICS ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 123-137
Author(s):  
Alberto Celani ◽  
Gianandrea Ciaramella ◽  
Ludovica Lomacci

AbstractThis article analyzes practices of attraction of foreign investments, studying their perspective of territorial competitiveness. The analysis of investment attraction practices is assessed for the impact on the territory, from a territorial enhancement perspective. The perspective of corporate and property management and its complementarity with the needs of territorial competitiveness in a global competitive scenario is analyzed. The methodology follows what has been proposed by the literature for the implementation of corporate strategies, adapting methods and models to the context.


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