Economic and fiscal policy

The arrival of the new US government and its signals that the US military presence in Europe may be about to be withdrawn have caused violent reactions on the old continent. On March 4, the President of the European Commission (EC) Ursula von der Leyen officially announced the “ReArm Europe” initiative with a budget of 800 billion euros to improve …

Author: Stefan Raychev Antonov By submitting the draft budget for 2025 from the regular cabinet of Rosen Zhelyazkov, the second consecutive finance minister sacrifices his reputation and allows himself to look ridiculous in the eyes of the professional community. In the name of Bulgaria adopting the euro, Temenuzhka Petkova offered an even more absurd explanation of how …

Two years after the official introduction of the euro in the country, Croatia continues to have problems with the growth of retail prices; Before the introduction of the euro in Croatia, prices there were on average higher than in Bulgaria. After the adoption of the euro, this difference not only persisted, but prices in Croatia began to grow …

Idea and methodological note The purpose of this analysis is to examine the inflationary trends of the products that make up the traditional festive table in Bulgaria for Christmas Eve and Christmas. The data used provide an idea of the price movements in different categories of food and beverages, which are an integral part of the festive atmosphere. The methodology is based on …

Once upon a time, in mysterious California laboratories in the mid-20th century, microchips were born as small, fragile dreams, barely whispering promises of a future in which machines would think faster than their creators. Engineers like Jack Kilby and Robert Noyce were the alchemists of this new world, turning sand into sheets of silicon, …

What does Trump's return mean for Europe's economic future? In a word, difficulties. Donald Trump's return to the White House poses a serious challenge for Europe, which is heavily dependent on the United States economically. The expectation is that Trump will adopt a significantly more aggressive approach to trade and economic policies, which ...

Earlier this week, the new actuarial report of the National Social Security Institute (NSI) was released, with calculations and long-term forecasts for the state pillar of the pension system. To some extent, this report stirred up the spirits in the domestic media because it shows a serious deterioration in the financial condition of the state social security. Unfortunately, however, the comments …

| Full text of the analysis | Bulgaria introduced the rules for imposing a global minimum tax on large multinational and national groups of enterprises at the very end of 2023. This happened after the traditional long delay in the Bulgarian legislative process, lack of open public discussion and changes in the voted texts "on ...

|Full text of the analysis| At the beginning of October, it was three years since Bulgaria joined the Banking Union. The event was once advertised with great official enthusiasm. It was even explained that this marks the practical beginning of the country's membership in the eurozone. The argument – the Banking Union is a mechanism created in and …

By mid-2023, the credit market in Bulgaria is in a peculiar situation. While interest rates on loans throughout the eurozone are skyrocketing and lending is suffocating, the situation in our country, at least at first glance, is far calmer. What do the data from the Bulgarian National Bank (BNB) show about the situation of the credit market …