In recent days, Bulgarian politicians have, with surprising consensus, declared open war on the invisible enemy Covid-19. Measures have been and are being taken that are akin to martial law. Forgotten practices such as curfews, total control over behavior, control over freedom of speech, restrictions disproportionate to the danger, and attacks on private …
More »2020
How will the Matrix respond to COVID-19?
Crises expose the bones of reality, dispel the fog of political formulas and incantations. We usually spend the dramatic moments that have come into the public spotlight, separated from the real events in a fabricated version of the true facts. Effigies smeared with lipstick and adorned with sequins, we wage our ritual battles in front of the media cameras, …
More »28. How severe will the coming crisis be?
In the new special episode of "The Intelligent Investor" we comment on what has happened in the last few weeks since the coronavirus pandemic escalated worldwide. How badly will different economies, sectors and banking systems be hit? What will happen to government debt, especially in the member states of the European Union? Will there be a new …
More »Why is South Korea handling the pandemic better than Italy?
Author: Matthew Tanous, disinthrallment.com By now, everyone is painfully familiar with the Covid-19 pandemic that is ravaging the world. Strict travel restrictions are being imposed around the world, people are being tested en masse, everyone is preparing or already imposing serious quarantines, and ordinary people are worried about job security …
More »3 measures to stimulate the economy in response to the pandemic
After the purely health measures aimed at protecting the health of Bulgarian citizens in the current Covid-19 pandemic, the next package of measures that it will have to take are purely financial. The pandemic is causing huge economic damage, with Europe being the most affected, given the massive spread of the virus in some of the most fragile …
More »Building regulations and municipal foreclosure lead to impoverishment of capital residents
Over the past few years, a special fetish for limiting the amount of construction has begun to form among the capital's residents. In a panic about the "overdevelopment" of the city's squares, many people began to demand that the municipality impose more restrictive regulations on construction in Sofia and to vote for all local political candidates, ...
More »The latest NSSI report emphasizes the need for pension reform
This week, the latest actuarial report of the National Social Security Institute was released, which analyzes the current financial state of the pension system and forecasts future developments. The report says in plain text that there is not enough money for pensions, and the deficit in the National Social Security Institute will continue to grow in the coming decades until 2070. As a result of …
More »27. Have the financial markets gotten sick from coronavirus?
In the first episode of "The Intelligent Investor" for 2020, Metodi Tsanov and Georgi Vuldjev summarize the main financial and economic events from the beginning of the year and how they affect the financial markets. The effects of the coronavirus epidemic, central bank policy and government debt interest rates are among the topics that …
More »The house with Ivan Milev's murals, the state and the "crowding-out" effect
"Countdown to the house with the murals of Ivan Milev", "Petition to save the house with the murals of Ivan Milev", etc. If you have not been interested in the topic of this building - a cultural asset, probably reading these headlines from the last few days you will be left with the impression that the cultural monument is in bad shape ...
More »What's the problem with the 2019 GDP data?
Today, the Bulgarian Socialist Party (BSP) accused the government of manipulating official statistical data on the country's current account, and hence - on the gross domestic product (GDP). The BSP's claim is that in practice one of the main components of GDP - net exports - was overstated in the 2019 data because ...
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EKIP– Expert Club for Economics and Politics A Different Opinion