“Inflation is taxation without legislation” – this phrase, uttered by the American economist Milton Friedman, is universal and valid for every period of inflation from the past to the present. Another part of his thesis is that inflation is a purely monetary phenomenon, or more clearly – when too much money …
More »Will there be electricity in Bulgaria after the political realignment?
The Bulgarian energy sector is in a special state, which according to Assoc. Prof. Krasen Stanchev[1] can already be called a crisis, while according to former Prime Minister Ivan Kostov[2] it is pre-crisis. The facts are that Bulgaria is still a significant producer and exporter of electricity, but, due to foreign policy circumstances, a significant share of our …
More »The new cabinet set the political realignment in motion
The four-party government has already been formed and communication about the government’s priorities is in full swing. Not only do we know what has been agreed upon by the coordination groups in the mall[1], but we are also listening attentively to the first moves of the new ministers. What we hear immediately points us to the ongoing process of political realignment, in which …
More »How to survive DSB
"As long as the right is led by Boyko Borisov, it has no chance to rise" ~ Ivan Kostov A threat of institutional death has loomed over all possible coalition partners of the new leading force in the person of "We Continue the Change". Slavi Trifonov's people are pushed into a corner by their political failures and contradictions. The Socialists must ...
More »With all this salt, you still don't understand "Vazrazhdane"
In the photo: Protest of "Vazrazhdane" against the "Borisov" cabinet Kilograms of salt are piling up in the cleverly beautiful corners of social networks. Anti-vaxxer-fascists will be in the next National Assembly and there, like all other nationalists so far... they will sell passports and overdo it with stimulants. Or maybe not. In fact, even mainstream sociologists already feel that things are ...
More »Black Johnny for Karolkata
I met Vlado ten years ago in the bar on the corner of Rakovska and Vasil Levski. He came on a motorbike and quickly asked me about pressing economic and political issues – I was in a sort of interview. Karolev was running for mayor and was looking for a campaign assistant, I was recommended to him as his …
More »The issue of the national currency cannot be resolved behind closed doors
Stoyan Panchev's interview with Trud newspaper: The early parliamentary elections were marked by low interest and minimal surprises in the results. No party won outright. No potential coalition was given enough room for action. Slavi Trifonov's party presented a draft cabinet, thus leaving potential partners …
More »Why is the EU ignoring corruption in Bulgaria?
The short answer is because, despite all the banditry that is spreading throughout the country, for the past 12 years the government has been unwaveringly implementing the agenda of the Berlin-Brussels-Paris axis. This so-called agenda generally consists of centralization and transfer of sovereignty (so-called European integration), granting artificial competitive advantages to industries/countries with strong lobbies in Brussels …
More »We asked the ECB: What are they doing about BDB supervision?
Bulgaria has been a member of the Banking Union for 9 months now. A key element of the BS is the so-called Single Supervisory Mechanism, which was promised by the supporters of the eurozone to correct the problems in local banking supervision. With the letter below, the EKIP asked the ECB – what they have done, what they are doing and …
More »Why green energy should be like Bitcoin
The national plan under the EU Recovery and Resilience Facility is a major topic of discussion in both the new Bulgarian parliament and the excited post-election public sphere. The facility is just one part of the €750 billion Next Generation EU package (nearly half in the form of loans) born out of the pandemic, …
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EKIP– Expert Club for Economics and Politics A Different Opinion