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35 Years Since the Beginning of Price Liberalization in Slovakia. of the 1000 Euros Hidden in the Mattress, only 165 Remain
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In July 2025, exactly 35 years have passed since the inhabitants of Czechoslovakia first felt what inflation was. On July 9, 1990, the so-called negative turnover tax was abolished, which was nothing more than a subsidy to businesses to allow them to sell at a price lower than cost. And although this first price "leveling" for agricultural products and food was compensated by a social benefit, Czechs and Slovaks first experienced a 10 percent lo…
·Bratislava Region, Slovakia
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