Macroeconomic Monitor
Начало / 2023 / октомври

2023.10

The rise in interest rates and the state of the credit market in Bulgaria - is there cause for concern?

By mid-2023, the credit market in Bulgaria is in a peculiar situation. While interest rates on loans throughout the eurozone are skyrocketing and lending is suffocating, the situation in our country, at least at first glance, is far calmer. What do the data from the Bulgarian National Bank (BNB) show about the situation of the credit market …

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The Possible European Union

Populism, nationalism or anti-globalism – names of the new political movement emerging in a majority of European countries. Part of Steve Davis’s great realignment[1], which cyclically changes the main dividing line in Western democratic societies. New left and right, changed content of the political center, debate shifted along a different axis from the previous one. The views …

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Andrey Gyurov questions the political independence of the BNB

The case of the leaked video recording, which shows how the deputy governor of the Bulgarian National Bank, who heads the “Issue” department, plays a leading role in opening the election campaign of a mayoral candidate nominated by “Continuing Change”, is not just another gaffe in our public space. Even secondary questions are questions such as – did he travel in a company car …

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Escape from Smokers' Paradise

|Българска версия на анализа| There is fast-growing empirical evidence of how taxation affects tobacco use. In this process the important aspects to consider include the pass-on of taxes to prices, the substitutability between different tobacco and/or nicotine products, and the price elasticities (kown as well as cross-price elasticities). These all …

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The structural tragedy of the eurozone

|Full text of the analysis| |Official video presentation of the analysis| The eurozone suffers from deep structural problems that are hampering economic growth and leading to the accumulation of imbalances between member states, our new analysis shows. The common European currency is failing to achieve its main goals – ensuring faster growth and convergence in …

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