Macroeconomic Monitor
Начало / Иван Георгиев

Ivan Georgiev

Ivan Georgiev graduated from the University of National and World Economy, but considers The Ludwig von Mises Institute his alma mater. He worked as an economist at Emerging Markets Direct. His interests include macroeconomic analysis, monetary theory and policy, comparative economic systems, and the history of economic thought.

Government at all costs

A month after the early elections in October, Bulgaria has a new coalition government, which includes GERB and the Reformist Bloc. The successful vote on the cabinet of 18 ministries came after the coalition partners managed to win the parliamentary support of the ABV and the Patriotic Front. Deprived of a majority in parliament, …

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The CorpBank case and the unanswered questions

For more than a month, leading economists and bankers have been analyzing what is happening at CorpBank and, together with politicians, are looking for a solution to the crisis at the fourth largest bank in Bulgaria. Currently, experts are awaiting more complete information about the quality of the bank's assets, and politicians are on the verge of raising …

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Deflation in Bulgaria poses risks only for the energy sector

Today, the National Statistical Institute (NSI) published data on the level of the consumer price index in February, according to which deflation in Bulgaria deepened to 2.6% on an annual basis from 2.2% in January, reaching a seven-month high. Maria Ivanova from Capital commented on the data as follows: From an economic point of view, deflation is a problem, …

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Green energy tax – part of the cycle of state intervention in the economy

Very soon we can expect green energy producers to join the wave of protests against the government. Earlier this week, the parliament's budget committee proposed that revenues from the sale of energy from renewable energy sources (RES) be taxed at a 20% fee. The idea of the fee is included in the draft …

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Budget update: accumulating debt is saving

Today, the Bulgarian parliament approved the government's budget update proposal in first reading. The bill envisages an increase in the deficit from the current 1.3%/GDP to 2%/GDP and raising the ceiling for issuing new debt in the current year from 2 billion leva to 3 billion leva. It is clear to everyone that only …

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The truth about the budget update

On Friday, parliament will discuss the government's budget update proposal at third reading. This comes after the president vetoed the legislative changes a week ago because, according to him, the proposed increase in state spending is opaque. But the main question we need to ask ourselves is - do we want …

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