Macroeconomic Monitor
Начало / 2021 / август

2021.08

Bulgaria OUTSIDE the Eurozone: between misconceptions and facts

About a month ago, the Bulgarian online media outlet “Factcheck.bg” published an article with the following title: “Bulgaria in the Eurozone: Between Misconceptions and Facts”. Under the guise of combating disinformation, the author of the article, Yordan Barzakov, claims to be debunking “myths” about the “negatives of eurozone membership”. The introductory paragraph of the text is eloquent: “The closer it gets …

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Where does the "fat" in art come from and can culture sustain itself?

Photo: BGNES A statement by Acting Minister of Economy Kiril Petkov at the Sofia Arsenal Gallery stirred up the spirits in the cultural sphere a few days ago. It was presented as shocking news in a headline by clickbait media that almost from tomorrow all money for culture will be stopped and which orchestra or museum will not …

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Socialism in the village

The socialist economic model was imposed on the Bulgarian countryside between 1948 and 1958. The process is known as collectivization. Labor Cooperative Agricultural Farms (TCAF) were created by force, into which land, livestock and equipment were taken. Over the years, they were enlarged, restructured, renamed, etc., but their essence was not …

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Electricity prices - it's not RES and the Americans who are to blame, but our anti-market isolation

The Bulgarian Energy Exchange closed at a day-ahead baseload price of BGN 285.10 per MWh. The peak energy price has again come close to the shock values of BGN 330 per MWh from a few days ago. For comparison, the price on Western exchanges is significantly lower – 99 euros in France and 100 …

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Six arguments against the national plan for introducing the euro

My position against the adoption of the euro and the corresponding national plan is based on the following main arguments. 1. Keeping the national currency does not mean a worse economy. Sweden is a good example of this. - Sweden's economic growth since 2003 has been between 1.5% and 3%, i.e. higher than that of the eurozone. …

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Opinion of EKIP on the national euro adoption plan

OPINION From: Expert Club for Economics and Politics (EKIP) Subject: Draft National Plan for the Introduction of the Euro in the Republic of Bulgaria DEAR LADIES AND GENTLEMEN, In connection with the published draft National Plan for the Introduction of the Euro in the Republic of Bulgaria (Plan), we express the following opinion on behalf of the Expert Club …

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