Macroeconomic Monitor
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2014

Russia joins the race

As the world watches with rapture the unconventional oil and gas revolution in the United States, the largest crude oil producer, Russia, is looking for ways to increase its energy production capacity and maintain its leading position in the market. After more than 6 years of refusing to accept that unconventional …

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Policy to increase youth unemployment

In the middle of this week, the parliament adopted on second reading the amendments to the Labor Code regulating internships and legal relations between employers and interns studying with them. The amendments to the law aim to increase youth employment and improve the labor market. According to the new regulations, interns up to 29 years of age, …

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Deflation in Bulgaria poses risks only for the energy sector

Today, the National Statistical Institute (NSI) published data on the level of the consumer price index in February, according to which deflation in Bulgaria deepened to 2.6% on an annual basis from 2.2% in January, reaching a seven-month high. Maria Ivanova from Capital commented on the data as follows: From an economic point of view, deflation is a problem, …

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The problems of higher education are like those of a planned economy

While reading material about the upcoming debates on the topic of the “modernization” of higher education in Bulgaria, I came across a text that can clearly illustrate the essence of the problem[1]. At the end of the cited article, there are several questions asked that I would like to pay attention to, adding a few small corrections (on my behalf in italics …

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Playing with fire in Ukraine

For the past ten days, all eyes have been on Ukraine. And while the media has been discussing various political issues at length – the claims to power of the president who fled the country, the various moves of the opposition that took power, and the very real possibility that Crimea could secede from Kiev and (possibly) return to …

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Guest article: On the harm of public education

500 years ago, Martin Luther launched a campaign against the financial corruption and moral decay of the Roman Catholic world. At that time, the Western church had been transformed from a voluntary religious community into a totalitarian political institution aimed at accumulating power and wealth. Luther rightly insisted that the long-delayed spiritual reformation could not be …

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Export in French

If you're in a hurry to get from point A to point B, you're in Paris, and you have a smartphone at hand, you can use a mobile app to request a car to come to your service. But, for the sake of a fairer world, you'll have to wait at least 15 minutes before you can drive off. The French government …

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Comparison of educational regimes in Bulgaria and the UK

This is an abridged version of the report presented by Daniel Vassilev during the First Meeting on Free Education, organized by the National Network of Parents. When comparing economic indicators – such as GDP per capita and labor productivity – of Bulgaria and a Western country, especially non-economists rarely …

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