Economy

Among the owners and managers of the largest beneficiaries of 60/40 are individuals such as Kiril Domuschiev, the wife of Tseko Minev, a former deputy and former mayor of GERB. In recent days, the most recent data from the National Social Insurance Institute on beneficiaries of state aid under Decree 55 of the Council of Ministers has made headlines. Decree 55 was adopted on …

A few days ago, the credit rating agency Fitch maintained the current assessment of Bulgaria's government debt, but adjusted the "outlook" downwards from "positive" to "stable". This means that Fitch does not believe that in the foreseeable future (most likely by the end of the year) there will be conditions for improving the categorization of the government debt.

One of the oldest dilemmas in economic policy is protectionism or free trade. In economic history, there are no countries that adhere entirely to one of the two principles. Although with too many conditions, free trade seems to prevail in modern practice. From the point of view of economic theory, this …

Last week, we thoroughly refuted Prime Minister Borisov's claims about the alleged "benefits" of joining the ERM-II currency mechanism in the current crisis. Now we turn our attention to the other side of the coin - the potential risk that we would take if we joined the currency mechanism. The biggest risk is related to the banking system and is ...

Many of the policies that our and foreign leaders are proposing in the context of the Covid-19 pandemic can be described as Keynesian, named after the English economist John Maynard Keynes (1883-1946). He was born in Cambridge, UK, his basic education was in mathematics, he listened to lectures on economics from brilliant scholars such as …

In the last few weeks, the positions of the government, especially in the quasi-single-man rule of Prime Minister Borisov, have been more volatile than the weather. After in February he wisely abandoned the rush to join the so-called "waiting room" of the eurozone - the ERM-II exchange rate mechanism - Borisov turned 180 degrees and a few days ago ...

In recent weeks, we have witnessed a heated debate between doctors and master pharmacists about the right and procedure for prescribing medicines for Bulgarian patients. Pharmacists are starting from the point of view that due to the state of emergency, there is a possibility that certain medicines or their analogues will become scarce goods. Here …

The mass psychosis about social distancing threatens to transform from a temporary measure into a completely acceptable and permanent approach to life. The idea of limiting and state control over contacts is not new. It is completely opposite to the conclusions reached by the most prominent representatives of economic science. Therefore, it is worth …

Yesterday it became clear that the Ministry of Agriculture and Food is considering a new regulation that will force stores in the country to sell only local (Bulgarian-made) products on at least 50% of their space. In addition, all stores will be obliged to purchase these goods only from producers located in their …

Yesterday (Wednesday, April 1) the government announced its desire to extend the state of emergency by another month until May 13. Alas, this was not an April Fool's joke. And judging by the statements made by government representatives, this means maintaining all currently in force quarantine and combat measures ...