Author: Frank Shostak, Mises.org According to many mainstream economists, the lack of a strong correlation between money supply growth and growth in various price indices casts doubt on the theory that increases in the money supply are the main source of inflation. It is also argued that before 1990 there was a positive correlation between …
More »Why is the pension system doomed and what is its real burden on workers?
In this article, I intend to shock you. I hope to achieve this by telling you in plain language that our pension system is practically bankrupt. And I will repeat it several times to get it into your head. Bankrupt and therefore in need of urgent reform – transition …
More »What are the positives of high-rise construction?
High-rise construction is not particularly popular in Sofia. Whether it is because it blocks someone's view or because it attracts new residents/workers to a neighborhood that the locals don't like, high-rise construction has recently become a favorite punching bag for politicians, public figures, and ordinary citizens. Quite unusually, it seems on this issue...
More »Ep. 10: What are the problems of the pension system in Bulgaria?
0:35 – Presentation of the topics of the episode 3:05 – How did the EKIP Virtual Pension Fund perform in October? 07:15 - Topic of the episode: The problems of the pension system in Bulgaria and how they affect the financial situation of each of us 49:00 - Answers to questions about investing in ETFs on …
More »Sober about the fuel market in Bulgaria – prices, excise taxes and Lukoil
In recent weeks, the public situation in Bulgaria has been particularly heated by a number of protests. However, the greatest escalation of public tension in recent days is rooted not in protests by pensioners, mothers of disabled children, or religious denominations, but in protests against the rise in fuel prices, which was felt especially …
More »Infographic: Industrial production falls in September 2018
In terms of industrial production, NSI data show that the sector recorded its most serious decline since February. This is mainly due to a serious slowdown in the growth of production in the manufacturing industry to 0.78% from 4.26% in August and, to a lesser extent, to the more severe decline in the production and distribution of …
More »How can the Sofia Municipality stimulate the economic development of Sofia?
This article is an excerpt from the new report of the EKIP on urban planning policy in Sofia, authored by Georgi Vuldjev and Teodor Karakolev, which will be officially published on 06.11.2018. In recent years in Sofia, we have been lucky enough to observe a visual comparative experiment between two approaches to attracting more investment, stimulating …
More »Ep. 9: Passive vs. active investing (ETFs vs. mutual funds)
0:45 – What will we talk about in the episode? 02:30 – Topic of the episode: passive investing through ETFs (exchange-traded funds) versus active investing through mutual funds - advantages and disadvantages? 38:15 – Financial and investment news from Bulgaria - key news is the recent development of mortgage lending and the movement of …
More »Budget 2019: More taxes, less fiscal responsibility
Did you know that the 2019 Budget of our country includes a higher deficit than that of Portugal, which was in a fiscal crisis a few years ago? The 2019 Budget was officially published on the website of the Ministry of Finance this Monday, and unfortunately, once again the government focuses on higher spending without structural reforms, …
More »Why can't the state fulfill the demands of pensioners?
A protest by a number of pensioner organizations, supported by President Rumen Radev, was held in front of the Council of Ministers today, with demands that generally converge towards one common one - an increase in pensions. In more detail, the main demands of the protesters are 5 - higher indexation of pensions, removal of the pension ceiling, the creation of a law ...
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