What does Trump's return mean for Europe's economic future? In a word, difficulties. Donald Trump's return to the White House poses a serious challenge for Europe, which is heavily dependent on the United States economically. The expectation is that Trump will adopt a significantly more aggressive approach to trade and economic policies, which ...
More »The NSSI report emphasizes the need for urgent and fundamental pension reform
Earlier this week, the new actuarial report of the National Social Security Institute (NSI) was released, with calculations and long-term forecasts for the state pillar of the pension system. To some extent, this report stirred up the spirits in the domestic media because it shows a serious deterioration in the financial condition of the state social security. Unfortunately, however, the comments …
More »The Aristocratic Candidate
The latest election ad by Vasil Terziev that I came across seems to be starting to adapt the right rhetoric. Is Terziev's headquarters and the democratic community slowly starting to REDIPILE? I can only hope. The clip is very simple and that is precisely its genius. On a white background in a film studio …
More »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 …
More »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 …
More »More emotions than reason in disputes over utility concessions
The private management of public utilities is a topic that stirs up a lot of heated emotions. Many people instinctively believe that public utilities such as electricity, water, and the like are best managed by the state. Alas, in most cases this position is rooted in emotion rather than reason. This is very clearly evident …
More »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...
More »To patch up the budget, Asen Vassilev risks the stability of the Bulgarian energy sector
Assen Vassilev will try to drain the coffers of the Bulgarian Energy Holding (BEH) in order to patch up the budget and reduce the deficit to 3% of GDP. This is clear from a letter sent by him to the new Energy Minister, the authenticity of which has already been confirmed by several media outlets. And several media outlets with …
More »The new opponent of "Continuing Change" is now their own coalition partner
With their preemptive stance against any agreements and negotiations with GERB, "Continuing Change" is trying to maneuver from a battlefield where they are certain to lose to one where they could win. However, on this battlefield, their main opponent is no longer GERB, but their own coalition partner...
More »BNB experts warn of the same risks from the euro as the EKIP
Last week, the economic experts of the Bulgarian National Bank surprisingly joined the Eurosceptic authors of this site. Judging by the working version of the BNB's part of the "Analysis of the Effects of the Introduction of the Single European Currency in the Republic of Bulgaria", the central bank agrees that the adoption of the euro would expose ...
More »
EKIP– Expert Club for Economics and Politics A Different Opinion