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Analyses and positions

How do Bulgarians save?

Only 22% or just over one-fifth of Bulgarians save. Of these one million and two hundred thousand people, only 37% save monthly. Bulgarians save mainly for emergencies (68%) and vacations and excursions (42%). Only then do savers prioritize long-term accumulation of value – …

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Private medical institutions in Bulgaria and Directive 2014/24

|Full text of the analysis| EKIP prepared the first of its kind in Bulgaria public comparative legal analysis and impact assessment in relation to the transposition of Directive 2014/24 on public procurement in relation to private healthcare institutions in Bulgaria and the EC's criminal procedure against Bulgaria on this occasion. Here is part …

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The incorrect implementation of the global minimum tax in Bulgaria

| Full text of the analysis | Bulgaria introduced the rules for imposing a global minimum tax on large multinational and national groups of enterprises at the very end of 2023. This happened after the traditional long delay in the Bulgarian legislative process, lack of open public discussion and changes in the voted texts "on ...

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Inflation and healthcare prices

Over the past few years, Bulgaria has seen a trend towards increasing prices for clinical pathways. In 2022, for example, prices increased twice - initially by 25% in April, followed by another increase of 8% for all clinical pathways in September. Especially in relation to cardiology and pulmonology, prices …

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State of the credit market in Bulgaria

A new study of the credit market shows the main trends in borrowed funds and their interest rates. The study provides another insight into the unusual for Europe interest rate dynamics in the Bulgarian household lending sector. On the eve of a possible reversal of monetary policy in Europe, the credit market in Bulgaria remains highly dynamic, …

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Effects of 3 years of Bulgaria in the Banking Union

|Full text of the analysis| At the beginning of October, it was three years since Bulgaria joined the Banking Union. The event was once advertised with great official enthusiasm. It was even explained that this marks the practical beginning of the country's membership in the eurozone. The argument – the Banking Union is a mechanism created in and …

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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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Legal aspects of the referendum to preserve the lev

|Full text of the analysis| On July 7, 2023, the majority in the National Assembly rejected the holding of a referendum on preserving the Bulgarian lev as a currency and, accordingly, postponing accession to the eurozone until at least 2043. The Parliament rejected the referendum proposal formulated in this way, even though all legal requirements were met and …

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Opinion on holding a referendum on joining the eurozone

DEAR LADIES AND GENTLEMEN OF THE PEOPLE'S REPRESENTATIVES, In connection with the upcoming consideration of the petition for organizing a referendum with the question "Do you agree that the Bulgarian lev should be the only official currency in Bulgaria until 2043?" in the parliamentary committee for civic participation, we express the following opinion on behalf of the Expert Club for Economics...

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