Macroeconomic Monitor
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2017.11

I am not the 99%

"Banality is the eighth deadly sin," says Milen Ruskov, the author of "Vazvishenie", "Chamkoria" and "Pocket Encyclopedia of Mysteries" in an interview. "The first person to compare a woman's sides to roses is a genius. The first to repeat it, of course, is an idiot," says Salvador Dali. For me, there is nothing more terrible than sameness. …

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The little shepherd who became a king through his hard work - the Bulgarian Henry Ford

Avram Chalovski

On November 3, 1943, Avram Chalovski died. He was known as one of the most significant Bulgarian industrialists and prominent donors at the beginning of the 20th century. He was called the "Bulgarian Henry Ford" by his contemporaries. He was born in 1854 in the then village of Galichnik on the territory of the Ottoman Empire, today part of …

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Is Ivan Kostov wrong about the currency board?

Ivan Kostov

We at EKIP are honored to publish a fundamental critical analysis by economist Georgi Ganev of the acclaimed "Plan B in the Currency Board Discussion" by Assoc. Prof. Dr. Ivan Kostov. In this "plan", Kostov practically proposes that the currency board in Bulgaria be dismantled, even though it was created precisely at the beginning of its own …

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You're Too Young to Work vs. My First Money: Teenagers and the Job Market

teenagers work

Art. 48. (1) Citizens have the right to work. The state shall ensure the creation of conditions for the exercise of this right. Constitution of the Republic of Bulgaria In the Constitution we read that every citizen of Bulgaria has the right to work, and a citizen is anyone whose at least one parent is a Bulgarian citizen or who is …

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The 2018 Budget Tragedy: Indiscriminate Spending Without Reforms

budget 2018

Budget 2018 is in fact just a worse version of Budget 2017. The government continues with the same vicious practices of higher spending in the absence of structural reforms and increases in the tax burden, which will worsen the business environment and hit the incomes of workers. And, of course, the biggest disappointment of …

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