Without even waiting for three months to pass since the last rejection of this bill, the Ministry of Finance this week again introduced a proposal to tighten the limit on the maximum amount of cash payments from 10,000 to 5,000 leva. And of course, the same song is being sung again - ...
More »How free are Bulgarians?
This month, the latest edition of the Cato Institute’s Human Freedom Index in Washington, D.C., was published. According to this edition, which is based on data from 2014, Bulgaria’s human freedom index score is 7.86, a slight improvement over last year’s level of 7.80. …
More »Why should the government NOT accept Macron's ultimatum?
As you have surely already understood, a few days ago the new President of France Emmanuel Macron visited Bulgaria and during his personal meeting with Prime Minister Borisov he set the following ultimatum: France will support Bulgaria's interests within the EU and in particular our possible candidacy for entry into the Eurozone...
More »Growth is weakening across all sectors, but the longer-term trend is positive
Highlights: - Growth slowed in all sectors in June, but the average level for the first half of the year is significantly higher than that reported in 2016 - Despite the slowdown, the growth rate in all sectors in our country remains above the EU average - The recovery in the construction sector continues at a strong pace, but there are …
More »What is Valeri Simeonov looking for in Sunny Beach?
Last weekend on our native Black Sea coast, we witnessed something that we could laugh at like a circus, if it weren't such a sad demonstration of political incompetence. The media exploded with photos and video footage of Deputy Prime Minister Valeri Simeonov touring Sunny Beach to regulate the level of...
More »Monthly Macroeconomic Monitor: Growth reaches pre-crisis levels in all sectors
Highlights: - Industrial production growth reaches highest levels since 2011. - Industrial and retail turnover growth also - Inflation slows down, both in consumer and producer prices - Entrepreneurs are more pessimistic about the next three to six months In May and …
More »Macroeconomic Monitor: Growth in all sectors slows in April
Highlights: - Growth is slowing across all sectors, with retail remaining the highest - Consumer price inflation is slowing, but manufacturing inflation is accelerating - Credit is growing at the fastest pace since 2012 - We expect producer price inflation in industry to rise...
More »Macroeconomic Monitor: The average salary in Bulgaria exceeded 1,000 BGN.
Highlights: - In the first quarter of 2017, the average salary grows at a record pace for the last 7 years - The average wage is likely to continue to grow at a similarly fast pace for the rest of the year - Employment reaches one of its highest levels in the last 10 years - Exports grow at the highest rate since 2011 ...
More »Is the minimum wage in Bulgaria really too low?
Recently, the claim that the minimum wage (MW) in our country is too low has been widely circulated in the Bulgarian public space. Interestingly, Bulgarian citizens themselves clearly believe that this is not the case, and the MW level should grow in proportion to the growth of the economy (as is the case with all other levels …
More »Monthly Macroeconomic Monitor: Record industrial growth in recent years
Highlights: - Record levels of growth in industrial production and exports for the last few years - In March, the construction production index grew for the first time since December 2015 - Growth in retail trade sharply accelerated and reached a double-digit level - Producer price inflation weakened, ...
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EKIP– Expert Club for Economics and Politics A Different Opinion