If you follow the local media, you've probably already heard about yet another scandalous loan granted by the Bulgarian Development Bank. This time, it's not about one of the big businesses connected to Delyan Peevski, but about another businessman with a dubious public reputation – Rumen Gaitanski, nicknamed "Vulka", known for his closeness to …

For over a year now, we at EKIP have been conducting a very interesting experiment. With the launch of the Virtual Pension Fund last year, we set ourselves the goal of illustrating what we mean when we talk about alternatives to the current pension system in Bulgaria. A system that, as you may know, we criticize extremely harshly. Because …

00:22 - Introduction to the topics in the episode and our special guest Stoyne Vassilev, financial consultant and founder of the personal finance web portal SmartMoney.bg 03:00 – News from Bulgaria 09:30 – What kind of investment project is "Historical Park"? Is it a financial fraud or just an example of colossal incompetence? 26:35 – …

The common European currency is not particularly successful in its task of bringing the peoples of the Old Continent closer together – this is easily seen in the division of Europe into one or two speeds, the groups of countries that comply with and do not comply with the Maastricht criteria, and of course the severe tension between center and periphery, north and south, expressed most clearly...

Author: Frank Hollenbeck, Mises.org The gap between the rich and the poor continues to widen. In 1975, the top 1% of the U.S. population owned 8% of the economic wealth. Today, they own more than 20%. This is a striking change from the 1950s and 1960s, when the top 1% owned just over 10%. A study by Emmanuel Saez found that …

In recent weeks, the most current political and economic topic in the country has been the numerous proposals to abolish VAT, which seem to be pouring in from absolutely all sides of the political spectrum in the Bulgarian parliament. After the initial proposal, which came from the DPS, alternative ideas for abolishing the value-added tax have also appeared in …

Source: NSI Comment: In May, consumer price inflation slowed slightly to 3.51% year-on-year from 3.68% in April, according to the latest NSI data. There is no change in which types of goods are experiencing the highest price increases – food and beverages continue to be at the top …

The climate change movement and the fanaticism of most of its supporters are not new, but they are starting to become more and more widespread, gaining more and more airtime and influence. Don't use straws, throw away separately, don't eat meat, don't reproduce. Every day we hear a different ...

All equity markets performed quite poorly in May. Government bond yields improved significantly, which also improved the return on the "Permanent Portfolio". Central bankers in both the US and Europe are preparing to cut interest rates. The relatively good month of April for the markets was followed by an almost disastrous May. …

The gender pay gap is a topic that has shaken Western societies for at least a decade. Fortunately, in our country, despite attempts to create a local activist hubbub, the topic is still being viewed with a sober mind. There are good reasons for this, but it is still useful to look behind the numbers …