Macroeconomic Monitor
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EKIP

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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Healthcare Prices – Problems and Solutions

|Full text of the analysis| Healthcare prices, as well as cases surrounding its financing, are not a new phenomenon on the economic horizon in Bulgaria. Since the beginning of the healthcare reform in 1999 to this day, the main topic of discussion has been the methods of financing and redistribution of resources in the system. The elements of upgrading …

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Harm Reduction: Differentiated Regulation in the Tobacco Debate in Bulgaria and in Brussels

|Full text of the report| English version | An important moment is approaching for consumers of tobacco and tobacco products in the European Union. It is expected that in December this year the European Commission will present a draft for the renewal of the Tobacco Excise Duty Directive 2011/64/EU. In the coming months, the European institutions, represented by the Council …

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What is the state of Bulgaria's economy at the beginning of 2022?

| Full text of the analysis | In the conditions of a historic inflationary and energy crisis in Europe, the state and development of the Bulgarian economy is of particular interest. The almost unprecedented economic circumstances in which we find ourselves require more careful and in-depth regular analyses of the macroeconomic situation in the country, in order to build …

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Delayed access to healthcare due to the Covid-19 pandemic – a look at Bulgaria.

Authors: Stoyan Panchev, Arkadi Sharkov We predict over 2,300 undiagnosed cases of malignant neoplasms for 2020 and 2021. We report a 20% and 23% decrease in the number of hospitalizations for 2020 and 2021, respectively, or a total of 1.1 million less for the two years combined. We report missed activities in hospital medical care …

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Why removing the green certificate is a good idea

We call for the immediate abolition of the so-called "Green Certificates" as a requirement for admission to commercial, entertainment and other public facilities in Bulgaria. We welcome the government's forecasts that by March 20 there will be almost no need for any restrictive measures to prevent the spread of Covid-19, including green certificates. However, the TEAM believes that ...

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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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Why is the ECB silent about the BDB?

The ECB is silent about the BDB. We have sent a request for all documents on the case. As we have already written, Bulgaria has been a member of the Banking Union for 9 months now. A key element of the BS is the so-called Single Supervisory Mechanism. Supporters of the eurozone promised that banking supervision in the hands of the ECB would correct the problems in …

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Letter from the EKIP to the President regarding the process of joining the eurozone

On 22.06.2021, the EQUIP sent a letter addressed to the President, the Prime Minister, the Minister of Finance and the Minister of Economy. Addressing President Radev directly, we called for a careful assessment of the potential risks for Bulgaria related to the possible accession to the eurozone. To this day, institutions such as the Ministry of Finance …

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