Archive for April, 2007

Organizations are the bases of human interaction and financial activity in our society. We have know as far as we could remember the concept of leaders and followers since the early days of man. The evolution of small hunting groups to village systems, cities, nation states, state communities were due to people getting things done [...]


One of the feared scenarios in the beginning of 2006 was the negative impact of VAT increase by nearly 2% points in 2007. Expectations pointed to a further dampened GDP growth below 1% throughout the first quarter. What turns out to be a far more minimal impact on the overall economy. Increasing tax revenues is [...]