The biggest threat to the integrity and the general meaning of the second pillar of pension insurance are the ideas to make it more "social" or "solidarity" on the model of the first (state) pillar. We must never forget that, in theory, the state and private pillars of mandatory pension insurance should complement each other. One …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The world economy is synchronously falling into the zone of another powerful turbulence. This is no coincidence, given all the efforts of central banks and governments. It is they who take care of the synchronization in the inflation of market bubbles of various assets and resources. It is they who succumb to lobbying …

To answer this question, we must first answer the opposite - what are the great successes of the Transition? Because, somewhat paradoxically, its greatest successes also contain its greatest failures. The Transition in Bulgaria actually occurred only in 1997, after a period of severe economic cataclysm. The fact that ...

|Full text of the analysis| The results of the study of the Bulgarian market show the conclusions of previous analyses, such as the one commissioned by the European Commission in 2019, concerning the positive effects of the entry of biosimilar medicines into European markets. In other words, price competition between biosimilar medicines and reference medicines (together and among themselves) allows …

Every year, with the voting of each new state budget, the topic of pensions is invariably raised. This year, the debate has been extremely heated, even reaching the point of statements that the second pillar of the pension system is a pyramid scheme. However, anyone who claims such a thing is lying to you, or simply does not …

Socialism, unlike capitalism, causes severe damage to the environment. To give a clear example of this, but also to avoid the subjective factor of domestic reality before and after 1989, let's look at what the situation was in East Germany (GDR) compared to West Germany (FRG). In 1968 …

This week, a huge hysteria broke out in the public sphere regarding the payment of "second" pensions from mandatory private pension funds. It became clear that the amount of the combination of state and private pension may turn out to be less than if you take only the state one. And because no one explained what it actually …

Half of the largest banks in the Eurozone would not survive more than 6 months in a liquidity shortage in the market Germany's GDP rose by only 0.1% in the third quarter compared to the second quarter of this year Stock market indices are performing well despite the problems in the real economy of Europe Pension fund yields …

In September, the EKIP presented the analysis - "Economic Status and Development of Small Regional Centers in Bulgaria". The focus was on the 8 regional centers with the smallest urban population in the country since 2007-2008. These are the municipalities of Montana, Lovech, Silistra, Razgrad, Targovishte, Kardzhali, Kyustendil and Smolyan. The data we examined include both …

(Click on the infographic for a larger size) Source: NSI Comment The latest NSI data show that industrial production fell for the fourth consecutive month in September by 0.14% year-on-year. It is noticeable that the decline is slowing, so we may see some growth in October, but we doubt that this …