Economic and fiscal policy

You can support this call by signing our petition at this link. You can download this call as a separate document at this link. The currency board and the stability of the leva provided the basis for everything we have managed to build in the economic field in Bulgaria over the past 23 years. For this …

This week, Greek government debt yields fell to record lows. The yield on the country's 10-year government bond fell below 1% for the first time in history on Wednesday, and later fell below 0.9%. This is a particularly significant development, given that Greece is the country that has been …

In the debates that erupted this week over the dangerous amendment to the BNB Law, the authorities were forced to launch into a desperate defense of the current political course towards the fastest possible membership in the eurozone. One of these desperate defenses was the claim made by Prime Minister Boyko Borisov that joining the eurozone would …

54% of adult Bulgarians want a referendum on Bulgaria's entry into the eurozone 50% of adult Bulgarians are against the introduction of the euro, only 19% support it Voters of the major parties are against the euro, while their elected officials – 60% of adult Bulgarians consider the leva a stable currency The majority of Bulgarians do not …

Vidin is a city with a long history. Vidin was a former capital during the decline of the Second Bulgarian Kingdom. But there is something else that the city and more precisely the city’s residents share with their fellow citizens in the modern capital – their support for the Sofia metro. You are probably wondering how the citizens of Vidin …

I'll say it bluntly. The creation of a common, centralized state water supply holding company that would unite all water supply companies across the country is phenomenally stupid. The idea that such a holding company could prevent the emergence of more problems like the one with the water supply in Pernik is absurd. The creation of such a holding company betrays either a misunderstanding of the problem...

Author: Nikolay Nenovski Professor at Jules Verne University, France Former member of the BNB Governing Board The material was written on October 30, 2019. Due to the limitations of the text size, I will formulate my views as theses. On the monetary policy of the ECB and in general on the monetary policy of the leading central banks I believe (and …

It's Friday night. You're out with friends, enjoying a nice meal and a bottle of wine. Then comes the moment when you have to pay the bill and realize that not everyone has cash on hand. Until recently, you had to engage in a crazy conversation like "I'll give you 5 leva, …

At the end of 2019, instead of a market commentary on the last month, I think it is appropriate to do a more general overview of the economic and financial trends that we have observed over the past year. Such an overview is extremely valuable right now, because over the past year it has already become very clear that the economic cycle …

The management tradition of raising taxes under the radar has also reached local authorities. After Mayor Yordanka Fandakova hinted during the election campaign that they would not be raised in the capital, shortly after the start of her new term we were surprised with the news that GERB needs to raise nearly 40 million more...