Macroeconomic Monitor
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2014.11

Incentives in the Bulgarian pension system

"I don't want to pay social security contributions while I'm working, and if I do, they should be as low as possible. I want to retire early and receive a large pension for many years." Although clearly devoid of any economic logic, this would be the dream pension system of a large part of the population. ...

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Bank regulations – to the detriment of both companies and consumers

The law is very rarely – or rather, almost never – a reflection of reality. On the contrary – the law is a reflection of the will of the legislator regarding what reality should be. It is for this reason that most attempts to model human behavior with the help of legislation are doomed to failure – …

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The myth “Bulgaria will get better when politicians start listening to the People.” Part One: Who is “the People”?

Georgi Zayakov One of the most frequently repeated mythologies during the transition is that Bulgaria will recover only when politicians start listening to what "the People" tell them. Nostalgic people, for example, are dying to sculpt the image of Todor Zhivkov as a great politician, because he was the only one who listened to the people's wishes. And …

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Guest article: The myth “Bulgaria will get better when politicians start listening to the People”. Part one: Who is “the People”?

Georgi Zayakov One of the most frequently repeated mythologies during the transition is that Bulgaria will recover only when politicians start listening to what "the People" tell them. Nostalgic people, for example, are dying to sculpt the image of Todor Zhivkov as a great politician, because he was the only one who listened to the people's wishes. And …

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The bankruptcies of the communist economy

Even today, the thesis continues to exist that Bulgaria's economy flourished in the period 1945-1990. And even that Todor Zhivkov's rule was positive, as a recent study indicates. In this article, we will examine some statistical, historical and economic sources to see if this is so. The bankruptcy …

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Government at all costs

A month after the early elections in October, Bulgaria has a new coalition government, which includes GERB and the Reformist Bloc. The successful vote on the cabinet of 18 ministries came after the coalition partners managed to win the parliamentary support of the ABV and the Patriotic Front. Deprived of a majority in parliament, …

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The myths of Russian propaganda

The Cold War was much simpler than the conflict with Russia that has been unfolding in recent months, many NATO leaders have acknowledged. This is due to two circumstances – first, the Kremlin chose to wage its new war against the usual rules of engagement, sending soldiers without insignia in support of …

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