Unless you live with your head buried on a beach, you can't help but notice the most talked-about topic of the last few days - the public "action" of the leader of Democratic Bulgaria Hristo Ivanov, in the luxurious property in Rosenets Park, which is said to belong to the well-known builder of modern Bulgaria - ...

TEAM · 31. Markets at a Crossroads - Where Will They Go? In the new episode of The Intelligent Investor, we review the following topics: What does the stagnation of stock exchanges over the past month mean? Where will they go from here? Is there a possibility of another correction? What will the sensational speculation of financial …

Congratulations on your new (quasi-)state bank. At least 1/4 of it. As of yesterday, FIB is already practically 26% owned by the Republic of Bulgaria. In 2 weeks it will become official. The pornographic story has been played out, in which the former financial chief of FIB is appointed governor of the state-owned Bulgarian Development Bank, in order to pour …

TEAM · 30. How serious is the threat to the eurozone? Deep apologies for the poor sound quality! From the next episode we hope to be able to record in more comfortable live conditions and the technical problems will be eliminated! In this episode we once again reviewed the most significant events in the financial world in …

Last week, the government announced its intention to create a state-owned gas station that would sell fuel at low prices. The brilliant idea immediately made the rounds in all the media, with comments on the subject being a mixture of mockery and genuine bewilderment. And rightly so. It’s hard to fathom who would think this was a good …

Let’s start with an important clarification. The purpose of this article is to refute some of the main arguments against the planned reduction of VAT from 20% to 9% specifically for the restaurant sector, which was announced by Prime Minister Borisov this week. The purpose is not to defend proposed VAT cuts for other …

Among the owners and managers of the largest beneficiaries of 60/40 are individuals such as Kiril Domuschiev, the wife of Tseko Minev, a former deputy and former mayor of GERB. In recent days, the most recent data from the National Social Insurance Institute on beneficiaries of state aid under Decree 55 of the Council of Ministers has made headlines. Decree 55 was adopted on …

A few days ago, the credit rating agency Fitch maintained the current assessment of Bulgaria's government debt, but adjusted the "outlook" downwards from "positive" to "stable". This means that Fitch does not believe that in the foreseeable future (most likely by the end of the year) there will be conditions for improving the categorization of the government debt.

Last week, we thoroughly refuted Prime Minister Borisov's claims about the alleged "benefits" of joining the ERM-II currency mechanism in the current crisis. Now we turn our attention to the other side of the coin - the potential risk that we would take if we joined the currency mechanism. The biggest risk is related to the banking system and is ...

In the last few weeks, the positions of the government, especially in the quasi-single-man rule of Prime Minister Borisov, have been more volatile than the weather. After in February he wisely abandoned the rush to join the so-called "waiting room" of the eurozone - the ERM-II exchange rate mechanism - Borisov turned 180 degrees and a few days ago ...