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 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 …
More »Budget 2018 is a bad remix of Budget 2017
The 2018 draft budget is a worse remix of the 2017 budget, which itself was pretty bad. So, the 2018 budget is downright tragic, in my opinion. This was said by economist Georgi Vuldzhev, from the Expert Club for Economics and Politics (EKIP), on the Boom & Bust show on Bloomberg TV Bulgaria with hosts Vladimir Sirkarov and Kuzman …
More »The "Pirogov" case - why it will get worse and who is to blame
Saturday's day off was marred by the disturbing news that an 18-year-old man beat up a nurse and strangled a patient in the Emergency Department of Pirogov Hospital. "An 18-year-old man, admitted to the toxicology department of Pirogov, attacked and beat up the nurse on duty due to marijuana use. She is currently lying in the maxillofacial ward. … …
More »The economics of legal weed and why there's no turning back
They say ideas are contagious. They start with a few, they spread by word of mouth, which promises them a furious growth until they circle the Earth. What if that idea was to live in a country where you could freely buy cannabis from your local shop? Only a quarter of a century ago, Amsterdam was …
More »Today's anti-capitalists ignore the fundamental problems of socialism
Jonathan Newman, Mises Institute A great wave of anti-market and pro-socialist opinions has flooded the media in recent years. In most cases, these anti-markets make no distinction between state-sponsored organizations like the IMF and real markets. But that doesn’t matter, because the articles are often populist and vaguely worded – …
More »How did "Black Monday" in 1987 come about?
A week ago, it was exactly 30 years since one of the biggest one-day crashes in financial markets in human history – the so-called "Black Monday". On October 19, 1987, stock exchanges around the world lost a huge percentage of their capitalization in just a few hours. By the end of the month, the markets …
More »26.10 - The State Academy of Music becomes an independent institution
On October 26, 1954, the State Academy of Music was transformed into an independent educational institution. At the same time, it was renamed the Bulgarian State Conservatory. It changed its name several times - in 1995 it was renamed the State Academy of Music "Prof. Pancho Vladigerov" after the famous Bulgarian composer Pancho Vladigerov, and since 2006 ...
More »The Socialisms of the European Pillar of Social Rights
The EU Council of Ministers[1] has endorsed the European Pillar of Social Rights. The Pillar consists of 20 principles that aim to provide equal working conditions and social protection, but in essence constitute a trampling on fundamental ideas of a market economy and society. Although it does not have the force of law, the Pillar is a political …
More »25.10 - Pablo Picasso was born
On October 25, 1881, Picasso was born in Malaga, Spain - the most expensive and most stolen artist of the last 100 years. His full name is Pablo Diego José Francisco de Paula Juan Nepomuceno María de los Remedios Cipriano de la Santísima Trinidad Clito Ruiz y Picasso. Picasso is an artist in every …
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EKIP– Expert Club for Economics and Politics A Different Opinion