Last week, the WHO (World Health Organization) showed data showing that Bulgaria tops the charts for early onset of psychoactive substance use such as cigarettes, alcohol, cannabis, and even early initiation of sexual activity. Rarely does our country have the “honor” of being at the top of something, and this usually happens…

Author: Yaroslav Romanchuk, original publication from 14.04.2020 The world economy is once again threatened by an unprecedented global recession, unemployment of 1.3 billion people in the world, a debt crisis, budget holes, defaults and other scourges of the multi-layered systemic crisis. “A crisis like no other” – said IMF President Kristalina Georgieva …

TEAM · 30. How serious is the threat to the eurozone? Deep apologies for the poor sound quality! From the next episode we hope to be able to record in more comfortable live conditions and the technical problems will be eliminated! In this episode we once again reviewed the most significant events in the financial world in …

Author: Yoan Zapryanov The bottom, as every Levski supporter knows, is an abstract concept. I used to think, for example, that our elimination from Bate Borisov was the bottom. Or the one from Spartak Tarnava in one half. Or when we lost the title in the last match with an own goal, and a week before that we had lost and …

Last week, the government announced its intention to create a state-owned gas station that would sell fuel at low prices. The brilliant idea immediately made the rounds in all the media, with comments on the subject being a mixture of mockery and genuine bewilderment. And rightly so. It’s hard to fathom who would think this was a good …

Let’s start with an important clarification. The purpose of this article is to refute some of the main arguments against the planned reduction of VAT from 20% to 9% specifically for the restaurant sector, which was announced by Prime Minister Borisov this week. The purpose is not to defend proposed VAT cuts for other …

In the mid-19th century, the French economist Frédéric Bastiat gave perhaps the most brilliant definition of what a state is. It is “the fiction by which everyone wants to live at the expense of everyone else.” At the same time, another French-speaking economist, Gustave de Molinari, wrote an article in which he questioned the state’s …

The German Constitutional Court in Karlsruhe has created one of the most serious problems for both the European Court of Justice and the European Central Bank in their entire history. This happened with a decision examining the legality of the ECB’s main asset purchase program, or so-called quantitative easing, called the Public Sector Purchase Programme …

Recently, the prophecies that capitalism is going away have become more and more frequent. One of the most profound researchers of capitalism is Adam Smith. Therefore, it is worth checking to what extent his ideas are accepted and/or rejected by Bulgarians. This is how we will assess whether he, and with him capitalism, are going away from Bulgaria? Adam Smith (1723-1790) is …

Author: Petar Ivanov You are woken up by the bass clatter of a cango, a hammer or something similar. It is 2:15 PM, but you are used to it, you practically use it as an alarm clock. The craftsmen building the third overpass in front of the apartment building finish their coffees around this time every day and get busy with their public works. The TV is abandoned …