Economic and fiscal policy

After making a clumsy attempt to protect the hotel business from AIRBNB through categorization, politicians are trying a new blow. Menda Stoyanova and Valeri Simeonov have proposed a patent tax to be imposed on apartments advertised on the online platform. The bloodthirsty passion of politicians to protect their convenient business interests is once again showing. They are offering all sorts of burdens for …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …

Author: Andrew Moran, libertynation.com When any of the many bubbles burst – choose your poison – and the next financial crisis hits Wall Street and Main Street, how will governments and central banks react? They have already fired all their unconventional bullets, from negative interest rates to massive money printing …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The world economy is synchronously falling into the zone of another powerful turbulence. This is no coincidence, given all the efforts of central banks and governments. It is they who take care of the synchronization in the inflation of market bubbles of various assets and resources. It is they who succumb to lobbying …

In September, the EKIP presented the analysis - "Economic Status and Development of Small Regional Centers in Bulgaria". The focus was on the 8 regional centers with the smallest urban population in the country since 2007-2008. These are the municipalities of Montana, Lovech, Silistra, Razgrad, Targovishte, Kardzhali, Kyustendil and Smolyan. The data we examined include both …

Extremely quickly and without almost any in-depth discussions, the 2020 Budget was adopted on first reading this week. We cannot help but be left with the impression that the budget for next year was very much overrun. And it shouldn't be, especially considering that this year the economic …

Author: György Matolcsy, Governor of the Central Bank of Hungary It is time to find a way out of the euro trap. There is a harmful dogma that the euro is the "natural" next step towards the unification of Western Europe. But the common European currency was not natural at all, because almost none of the conditions for its establishment were …

This week, the Council of Ministers approved the draft law on the state budget for 2020. It was announced by Finance Minister Vladislav Goranov as realistic, balanced and without surprises. Indeed, “without surprises” is an accurate definition – Budget 2020 carries the spirit of the same policy as in the preparation of the previous ones. But, fortunately, for …

The lagging behind of most regions in the country compared to the major economic centers and the need for fiscal decentralization are topics that have been discussed for decades. Everyone knows that there is a problem and something needs to be done about it if we do not want Bulgaria to turn into a semi-desert with only a few large cities that …

With the arrival of autumn comes the budget season in the country. The draft budget for the next year (or at least its final touches) is always prepared in October and published towards the end of the month, and every time we from EKIP evaluate it...with great disappointment. This time we decided to take matters into our own hands and …