The almanac will be a kind of collection and compendium of every government measure that violates, takes away, limits the freedoms of Bulgarian citizens. With this publication, we aim to keep our audience informed about all the restrictions on their freedoms that the government imposes. We will add new cases as soon as they are published in the State Gazette and will …

| Full text of the analysis | A number of proven patterns in economic science indicate that restricting cash payments would not have a significant effect on the size of the shadow economy. The latest report by the European Commission on the effectiveness of restrictions on cash payments in the European Union unequivocally confirms that …

Mass industrialization under central planning In his memoirs published after the fall of the Bulgarian Communist Party regime, Todor Zhivkov wrote that his government returned the gold reserve back to Bulgaria. This is perhaps one of the most notorious lies of the communist dictator. Contrary to Zhivkov's claims, in the 1960s …

Author: Natali Hristova Why are we even bothering with the Belene NPP when we can neither finance it nor need the electricity? Moreover, it is doubtful to what extent the EU will allow it, especially considering the use of old Russian technology in a seismic region and with a lack of diversification in the particularly important sector of …

When the idea of the Eurozone was actively promoted in the 1980s and 1990s, the main advantage of the future monetary union was the expected "convergence" or, in other words, the rapprochement that it would bring about between the different member states. The idea is that, through the shared currency, the economies of the different member states would …

Source: NSI Comment: In July, consumer price inflation accelerated slightly to 2.93% on an annual basis, from 2.83% in the previous month, according to the latest NSI data. Despite the slight acceleration, inflation remains below the 3% level it has been at over the past year, and June and July are the first two consecutive months …

The US Federal Reserve cut interest rates for the first time in more than 10 years. The market correction that investors feared occurred, but it was not particularly sharp. Due to the worsening stock yields and the interest rate cut, the price of gold shot up. The main yield curve is …

Author: Yaroslav Romanchuk, economist and politician from Belarus, president of the Scientific Research Mises Center. (The text is Romanchuk's recommendation for tax reform in Ukraine) The world is rapidly developing in the direction of breakthrough technologies of the IV industrial revolution. Since the end of 2010, communication between people has been fundamentally different from before …

(Click on the infographic for a larger size) Data source: NSI After a serious slowdown in growth in May, the latest NSI data show that industrial production and sales completely collapsed in June. Both production and sales are reporting record levels of decline for the last 5-10 …

In the midst of summer, our experts were sought after by the media on topics such as: healthcare, taxes and the tax system, pension system reform, stress tests of banks in the country. The month was marked by the extremely high activity of our health economist Arkadi Sharkov in the media space. In the program "Direct" on BulgariaOnAir television, …