INSTITUTE OF ECONOMIC AND SOCIAL STUDIES

The energy sector is in dire need of investments. However, the new government-imposed taxes in Slovakia are instead adding to the financial burden already experienced by energy companies. Slovak politicians like many in Europe (who have engaged in reckless fiscal spending in the recent past) and the EU (which was indecisive on which energy sources should be supported) are now trying to make us believe that only more regulation will solve all our problems.