Every year, with the voting of each new state budget, the topic of pensions is invariably raised. This year, the debate has been extremely heated, even reaching the point of statements that the second pillar of the pension system is a pyramid scheme. However, anyone who claims such a thing is lying to you, or simply does not …

At this stage of Donald Trump's presidency, it is extremely difficult to answer unequivocally the question of whether his term has been successful in economic terms. On the one hand, we have undoubtedly successfully implemented economic reforms, such as the reduction of corporate and personal tax rates, as well as the deregulation of a number of over-regulated sectors from …

Yesterday the government announced its intention to increase the salary levels in the state administration by 10%. The measure is expected to come into effect from January 1, 2019, and according to initial estimates it will cost all of us taxpayers between 800 million and 1.1 billion leva. This is certainly great news…

Two weeks ago, the United Patriots deputies introduced a bill in the National Assembly aimed at restricting the sale and advertising of lottery tickets. It even went so far as to say that Bulgaria's Deputy Prime Minister for Economic Affairs called for the introduction of a VAT on lotteries - something that is widely known...

At the end of last year, the cabinet proposed that the minimum wage in Bulgaria be increased to 510 leva in 2018. The administrative increase in the minimum wage is a frequently used tool by the state to "fight poverty". In practice, however, this increase has a negative impact on employment and the investment climate. …

/Part 1 – The Free Market/ Throughout human history, politicians, philosophers and economists from all over the world have been searching for a formula for government that would make people richer. Historically, countless different approaches have been tried. Empirically, however, it has been proven that only those political ideologies and economic theories that promote the philosophy …

Statements from Washington, such as that of Vice President Mike Pence, that the United States is ready for dialogue with North Korea, are positive in light of the tensions that have arisen over the past year, caused by Pyongyang's series of ballistic missile tests and the US's massive military exercises on the Korean Peninsula. He commented to Ivailo …

Budget 2018 is extremely left-wing. This is important to say. When you increase taxes, when you increase public spending, this is left-wing politics. This was said by economist from EKIP Nikola Filipov on the Investbook show on Bloomberg TV Bulgaria with host Dimitar Vuchev. "This is a serious problem for me, which in the years will lead to deep …

In 2013, GERB introduced one of the most dangerous and illogical taxes – the “interest tax”. The introduction of this tax was also strange from a purely political point of view, because at least in theory, a right-wing party should do everything possible to reduce the tax burden on households and businesses. In 2014 …

A few weeks ago, the parliament adopted a bill on first reading, which aims to limit the amount of all cash payments to 1,000 leva by 2019. The adoption of the bill itself is a natural continuation of the worrying trend at the European level to limit cash payments. The imposition of …