Mr. Traykov, I am writing you this letter because I am desperate. As a young politically engaged person who shares "right-wing" beliefs, I cannot help but be deeply disappointed by the state of the political scene in Bulgaria. That is precisely why I initially intended to vote for you, because in these elections you are presented as ...
More »Private justice - myth or reality?
The article is part of a series of publications dedicated to the fourth annual conference of European Students For Liberty, which will be held on 22.10 at 9 am at the Ramada Hotel in Sofia. For more information and free registration, see the official Facebook event. In the field of social sciences and specifically economics, …
More »How the ECB's monetary policy pushed Italian banks to the brink of bankruptcy
As it became clear last week, the banking sector in Italy is in a serious financial crisis and many of the country's largest banks are facing bankruptcy, which is why they need an urgent injection of capital. In the midst of the dispute between Italian Prime Minister Matteo Renzi and statesmen in Berlin and Brussels ...
More »Only an armed society can be free and responsible.
Following the tragedy in Orlando, Florida a few weeks ago, when a radical Islamist gunman shot and killed 50 people in a gay club, the public debate over gun control has once again flared up in full force. In recent years, it has become one of the biggest public debates not only in the United States but also around the world. …
More »Scholarship fiasco: organized by the Ministry of Education and Science and the National Youth Service Organization
The case of "priority" majors About a month ago, the Ministry of Education and Science announced a reform in the financing of student scholarships with European funds under the operational program "Science and Education for Smart Growth". According to this reform, from now on, student majors are divided into "priority" and "non-priority" and only students following ...
More »Pension reform and the contradictions in the second pillar of pension insurance in Bulgaria
Last time before Christmas, this time before Easter, there is apparently some connection between the pension reforms of the Ministry of Finance and the biggest Christian holidays. A week before Good Friday, the Ministry of Finance published a bill for an extremely radical reform of the second pillar of pension insurance. According to Minister Goranov, this reform would solve the problem of serious …
More »The return of the barracks: Not a solution, but a worsening of the problems in the Bulgarian army
In recent weeks, the possibility of returning compulsory military service for all adult males in Bulgaria has been increasingly seriously considered. This is an idea that has long seemed to have captured the public imagination and is receiving fairly broad support among the Bulgarian people. Is this support justified, however? Will …
More »The China Crisis: The Business Cycle in Real Estate and Capital Markets
In recent months, the state of the Chinese economy has been one of the most discussed topics in the business media. The bursting of the Chinese stock market bubble was one of the most discussed news stories this year, along with the decision of the Chinese central bank to cut interest rates to record lows. It seems that the Chinese economy …
More »The indirect economic effects of the minimum wage
In the first part of this series, we looked at what economic theory can tell us about the potential effects of the minimum wage and its increases on employment in those sectors of the economy where the least skilled (or inexperienced) workers work; i.e. the sectors that are directly affected by it. As we saw, if, …
More »The direct economic effects of the minimum wage
The minimum wage (MW) has been an extremely hot topic lately. After yet another increase in the minimum wage threshold to 380 leva at the beginning of the month, we recently learned that a draft of the Council of Ministers proposes that the minimum wage level be fixed between 35% and 55% of the average. We often hear complaints about …
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