Economic and fiscal policy

Bulgarian economic history cannot provide a universally valid answer to this question, but it can suggest in which direction to look. Therefore, it is worth paying a little attention to some of the supposedly “generally accepted” truths about Bulgaria’s economic past. Among them, one can point out the almost axiomatic statement that the economic …

Author: Steve Hanke, Forbes.com After Bulgaria escaped communism in 1990, Bulgarians experienced several hardships. The economy collapsed, there were bankruptcies, and this Balkan paradise experienced hyperinflation, reaching a staggering 242% in February 1997. Yes, on a monthly basis. Anticipating many of the problems that follow currency devaluation, I became …

1. The latest amendments to the Labor Code and their true purpose On December 22, 2017, in the Official Gazette, No. 102 of 2017, the Law on Amendments and Supplements to the Labor Code (“LALC”) was promulgated[i]. Most provisions entered into force on the day of promulgation[ii]. It is evident from the LALC itself that the true purpose of the legislative …

Defending the position "against" Bulgaria's possible entry into the Eurozone, our editor-in-chief Georgi Vuldzhev entered into a debate with former Deputy Prime Minister and Minister of Economy Nikolay Vassilev on bTV. According to Vuldzhev, the negatives of entering the Eurozone far outweigh the potential positives: If Bulgaria enters the Eurozone, which means eliminating …

This article is part of the "Black Book of Government Waste", published in 2015. With over 65 million leva in annual subsidies from the state budget, the Bulgarian National Television is the largest budget-financed media in the country. The television is an institution with a special status, performing certain public functions. The current director of BNT, Vyara Ankova …

A European Central Bank[1] (ECB) survey of more than 8,079 companies from EU Member States in Central and Eastern Europe (CEE)[2] aims to understand how increases in minimum wages (MW) are affecting businesses in these countries. 456 Bulgarian companies were asked what …

Author: Lyubomir Alamanov I am using the tension surrounding Bansko and quickly recalling some basic principles in concession procedures. So, just for information: 1. A concession is a good tool for partnership between state and municipal administrations with private companies. 2. A concession is the provision of a state or municipal resource or property to a company called …

Traditionally, Christmas Eve is an occasion for many Bulgarian families to sit down at a table and, at least for a short while, forget about television or social media. Such an atmosphere of domestic idyll and communication between generations is a great opportunity for evangelical fans of the market economy and personal freedom to bring political clarity …

Our economist Nikola Filipov is a guest on the show "Boom and Bust" on Bloomberg TV Bulgaria to comment on President Donald Trump's tax reform. He said that there are a lot of unknowns in the reform as a whole. "What is interesting about Trump's tax reform is that he doubles the so-called tax-deductible expenses," …

The bursting of the Bitcoin bubble will happen when the global economic situation begins to deteriorate. This was commented by the editor-in-chief of the Expert Club for Economics and Politics (EKIP) Georgi Vuldzhev on the “Investbook” show with host Dimitar Vuchev. “It is difficult to predict when this will happen, but considering that central banks are already tightening their …