Economic and fiscal policy

The ECB is silent about the BDB. We have sent a request for all documents on the case. As we have already written, Bulgaria has been a member of the Banking Union for 9 months now. A key element of the BS is the so-called Single Supervisory Mechanism. Supporters of the eurozone promised that banking supervision in the hands of the ECB would correct the problems in …

On 22.06.2021, the EQUIP sent a letter addressed to the President, the Prime Minister, the Minister of Finance and the Minister of Economy. Addressing President Radev directly, we called for a careful assessment of the potential risks for Bulgaria related to the possible accession to the eurozone. To this day, institutions such as the Ministry of Finance …

EKIP: Dear readers, we present to your attention an extremely valuable analysis of the "Theory of the Optimal Currency Area" and Italy's experience in introducing the euro. There are many useful things that can be learned from the experience of other countries in joining the eurozone, from which Bulgaria should learn a lesson. On …

Bulgaria has been a member of the Banking Union for 9 months now. A key element of the BS is the so-called Single Supervisory Mechanism, which was promised by the supporters of the eurozone to correct the problems in local banking supervision. With the letter below, the EKIP asked the ECB – what they have done, what they are doing and …

This text was originally published in the collection "2020: Inside and Beyond" It was already clear in March that 2020 would not be easy for the government of Boyko Borisov. A state of emergency was declared just days after the first registered case of COVID-19. This was followed by a collapse in economic activity, a spike in unemployment and …

This text was originally published in the collection "2020: Inside and Beyond" Every intricate story has to start somewhere. In this one about the super-massive printing of money, that moment is in 2008, and the starting point is the United States. To get to the answer to the question of why central banks are printing more today …

Do you remember when "smart heads" were roaming the television studios six months ago to comfort us? They were talking about how the crisis may be deep, but it will be short? How we will already be in recovery by the fall? How in 2021 we will fully recover to the levels of economic activity of 2019? How the trajectory of …

Last week, the Association of Language Centers in Bulgaria joined the growing number of professional associations that asked the government to provide tax breaks due to difficulties related to the Covid-19 pandemic and the resulting economic crisis. As expected, given the existing problems with face-to-face learning in classrooms. Schools are losing clients from …

Mass restrictions are back. As the pandemic has escalated in recent weeks, a number of countries in Europe have re-imposed closures of most public facilities and businesses. Given that we are only at the beginning of the “cold” season of the year, the horizon for clearing the current escalation in the pandemic situation is very …

Houston, we have a problem. Judging by all the news and statements from the government on the subject, it looks like Budget 2021 will be the most wasteful in a long, long time. The entire budget process and the discussions surrounding it are extremely puzzling to anyone with basic economic literacy. Why in …