For years, economists have been warning that the model of supporting renewable energy sources is ineffective. Subsidies have a high opportunity cost and an energy bubble is inflating. Industry and households are paying more for electricity. Data for Spain and Germany show that the criticism is justified and the green fairy tale is coming to an end. And where …

The media loves to overexpose events attended by the leaders of major oil and gas producers. Geopolitics, spheres of influence and interests are immediately discussed. The Gas Exporting Countries Forum (GECF) summit in early July was no exception. Once again, the thesis that gas producers are aiming …

Everyone knows about the record government spending, but the result is not in reality. Over the past 5 years, the political elite has successfully recreated the dream environment described in more than one or two generations of economics textbooks by implementing record-high fiscal and monetary stimuli. However, the positive results are not just late, they remain too …

The actions and statements of the first hundred days of the government have made it clear that the cabinet intends to spend more than the previous one. However, the question of where the financing of the bloated public spending will come from has not been answered unequivocally.

The formation of the so-called Reformist Bloc (RB) was announced back in May, but it presented its views on Bulgaria's economy only in early October. It is difficult to say that the ideas of the new political union are an alternative to the status quo, because in general they preserve the size of the state and in …

Many naive observers of the market economy dismiss concern for the “bottom line” as a purely accidental social custom. To these critics, it seems absurd that a factory producing, say, drugs or toddler shoes would stop where the owner judges that profit is maximized.

More and more people are realizing the ineffectiveness of the education offered by public schools. The most obvious sign of this is the growing number of young people who pay for private lessons.1 Both students and their parents see that it is impossible to obtain quality training in a given subject through school activities alone. The desire of the rulers …

More and more people are realizing the ineffectiveness of the education offered by public schools. The most obvious sign of this is the growing number of young people who pay for private lessons.1 Both students and their parents see that it is impossible to obtain quality training in a given subject through school activities alone. The desire of the rulers …

Why are things not working out in the energy sector? Politicians have all the leverage to control the industry, but in practice they systematically make the wrong decisions. The usual excuse is a lack of sufficient control over the sector. The political decision-making process has inherent defects that stand out when compared to the free market, which by its very nature …

Why are things not working out in the energy sector? Politicians have all the leverage to control the industry, but in practice they systematically make the wrong decisions. The usual excuse is a lack of sufficient control over the sector. The political decision-making process has inherent defects that stand out when compared to the free market, which by its very nature …