Economic and fiscal policy

Richard Rahn, The Washington Times The growth of former communist countries is the envy of the world. Once again, there is more evidence that economic freedoms lead to success. Many of the former communist countries of Central and Eastern Europe and the Soviet Union have made enormous economic progress since they became …

Our editor-in-chief Georgi Vuldzhev this week was a guest on the show "Resonance" on Eurocom TV with host Vasko Mavrikov. The topic of conversation between the two was another restriction on cash payments, Budget 2018 and the state of the pension system. Regarding the lowering of the threshold for cash payments adopted at first reading …

If you have been following the media in recent days, you have no way of not having come across the extremely high-profile story surrounding the latest ruling of the Commission for the Protection of Competition (CPC). A ruling that represents a very dangerous precedent that, instead of "protecting" competition, actually tramples on it and threatens the interests of consumers. Let's briefly discuss what ...

Author: Nikolay Filibev Earlier this week, the parliament adopted at first reading another proposal by the Ministry of Finance to tighten the restriction on cash payments. Bulgaria is one of the few countries in the EU with such a restriction. Even some of the most developed economies in the EU are without any limit …

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 …

We at EKIP are honored to publish a fundamental critical analysis by economist Georgi Ganev of the acclaimed "Plan B in the Currency Board Discussion" by Assoc. Prof. Dr. Ivan Kostov. In this "plan", Kostov practically proposes that the currency board in Bulgaria be dismantled, even though it was created precisely at the beginning of its own …

Art. 48. (1) Citizens have the right to work. The state shall ensure the creation of conditions for the exercise of this right. Constitution of the Republic of Bulgaria In the Constitution we read that every citizen of Bulgaria has the right to work, and a citizen is anyone whose at least one parent is a Bulgarian citizen or who is …

Budget 2018 is in fact just a worse version of Budget 2017. The government continues with the same vicious practices of higher spending in the absence of structural reforms and increases in the tax burden, which will worsen the business environment and hit the incomes of workers. And, of course, the biggest disappointment of …

The 2018 draft budget is a worse remix of the 2017 budget, which itself was pretty bad. So, the 2018 budget is downright tragic, in my opinion. This was said by economist Georgi Vuldzhev, from the Expert Club for Economics and Politics (EKIP), on the Boom & Bust show on Bloomberg TV Bulgaria with hosts Vladimir Sirkarov and Kuzman …

A week ago, it was exactly 30 years since one of the biggest one-day crashes in financial markets in human history – the so-called "Black Monday". On October 19, 1987, stock exchanges around the world lost a huge percentage of their capitalization in just a few hours. By the end of the month, the markets …