On Monday, the third issue of the Legal Barometer (a civil initiative for periodic monitoring, analysis and assessment of the state and development of the legal order in Bulgaria) was presented. The project is implemented by the Center for Legal Initiatives Association with the support of the America for Bulgaria Foundation. After a year and a half of systematic monitoring and analysis …

The rising wave of credit rating revisions of a number of European countries and financial institutions has sparked heated debates about the objectivity and reliability of credit ratings as a tool for guiding investment policy and determining solvency. Somewhat paradoxically, credit rating agencies are currently being criticized for doing this, for …