POLITICS & POLICY
Sweden – Economic performances: Most competitive economy
According to IMD World Competitiveness Center, Sweden is the most competitive economy in the European Union and the fifth most competitive in the world. Criteria that determine rankings are numerous but economic performance, government efficiency, business efficiency and infrastructure are the principal ones. This year, Sweden has experienced an important drop in unemployment (4.7%, its lowest rate since 2008) and its GDP is growing faster than larger European counterparts.
Source: The Local, 31/05/2016
Greece – Debt crisis: Price hikes
Greece is experiencing price hikes on goods such as coffee and beer, both of which are important ingredients of the country’s culture. Sales taxes have been raised by 1% (from 23 to 24%), and services taxes (e.g. on internet, landline and pay-TV subscriptions) have also been increased, forcing Greeks to reduce leisure activities. These measures have been ratified before Greece’s partners agreed to unfreeze 10.3 billion euros for the country.
Source: Ekathimerini, 1/06/2016
“Of course, the UK economy is affected by what happens elsewhere in the European Union. But it’s likely this would still be the case if Britain decides to exit. The only difference in this scenario is that the UK would have no say over EU laws, regulations or policies, for which we would all be poorer.”
Guy Verhofstadt, leader of the Alliance of Liberal and Democrats for Europe
Source: The Guardian, 31/05/2016
The percentage by which Slovenia’s economy has grown in the first quarter of 2016.
Source: STA, 31/05/2016
BGN 2.35 B
Bulgaria’s budget surplus by the end of April.
Source: Novinite, 31/05/2016
Photo Credits CC: ALDE Communication