Economic and fiscal policy

The EU Council of Ministers[1] has endorsed the European Pillar of Social Rights. The Pillar consists of 20 principles that aim to provide equal working conditions and social protection, but in essence constitute a trampling on fundamental ideas of a market economy and society. Although it does not have the force of law, the Pillar is a political …

| Full text of the opinion | Dear readers, as you know from the EQUIP, we are strictly monitoring and opposing the attempts of the Ministry of Finance to push through yet another restriction on cash payments by reducing the allowable limit for such transactions to a maximum of 5,000 leva - a proposal that is part of a draft law...

The German voter punished the two largest parties in the elections. A phenomenon like the so-called "Jamaica" coalition has never happened at the national level before. This was commented by economist Georgi Zayakov on the Investbook show on Bloomberg TV Bulgaria with host Dimitar Vuchev. "It will lead us to the fact that Germany will have a tax cut. The country is really going to …

Author: Lachezar Bogdanov, Industry Watch The openness of an economy is most often measured by the relative importance of foreign trade relative to its size. Some analyses look at the total volume of trade in goods and services relative to gross domestic product, while others focus on the relative weight of exports of goods and …

|Full text of the opinion| Dear readers, as you know from the EKIP, we have been closely following the topic of regulations on cash payments and the current government's attempts to tighten them even further. In connection with the Ministry of Finance's latest attempt to reduce the limit on the allowable amount for cash payments...

Will we draw ideas for our legislation from the countries with the most severe fiscal crises? In folk literature, there is an aphorism "when he says good evening to me, I look around to see where the sun is". The same applies when the government promises to lighten the burden on every ordinary citizen - the administrative burden. Waiting in lines in ...

Yesterday, the Minister of Labor and Social Policy Biser Petkov announced that the minimum social security income (MSI) for 2018 will be increased by 3.9%. Once again, such an increase in the social security thresholds is being undertaken with the explicit DISapproval of employers and even their refusal to participate in the negotiations for the determination of these …

Author: Murray Rothbard (We at EKIP proudly present a translation of part of the essay "Ten Great Economic Myths" by the great American economist Murray Rothbard. In this part of his essay, Rothbard focuses on the three biggest myths regarding government budget deficits and the effects they have on the economy of …

Author: Filip Petrov The municipal authorities do NOT want to solve the parking problem – their only goal is to collect as much money as possible! The introduction of paid parking zones only partially overlaps the two things, but this is a piecemeal job, not a complete solution to the problem. Where is the yellow …

Author: Mihail Krastev A few months after the Ministry of Finance's planned restriction of cash payments to 5,000 leva failed to pass parliament, the finance ministry is now trying to push through its idea again. This time, the attempt to limit citizens' financial freedom has been inserted into a proposal for change...