The COVID-19 epidemic in Bulgaria is developing. Speculation about whether it is in its beginning, middle and end should be left aside, as the main goal at the moment should be to minimize the risk of the widespread spread of the virus. Even now, predictions about its development are …
More »Government, municipalities and business life during a pandemic: what is not visible
The administration's inaction is stifling even that which could work... Everyone is discussing the taxpayers' money, which the government these days said it would return to some of them after collecting it from everyone. Both the discussion and the government's actions are normal - within some framework of public decency. No...
More »Let's stay at a sanitary distance from the euro
At a special counter-briefing on Sunday, Prime Minister Borissov, provoked by President Radev's statements and veto on the state of emergency law, commented on a range of topics of key importance beyond the pandemic that has hit the world. He made a kind of joke at opponents of joining the eurozone and defenders of the currency board, telling us …
More »Why is South Korea handling the pandemic better than Italy?
Author: Matthew Tanous, disinthrallment.com By now, everyone is painfully familiar with the Covid-19 pandemic that is ravaging the world. Strict travel restrictions are being imposed around the world, people are being tested en masse, everyone is preparing or already imposing serious quarantines, and ordinary people are worried about job security …
More »3 measures to stimulate the economy in response to the pandemic
After the purely health measures aimed at protecting the health of Bulgarian citizens in the current Covid-19 pandemic, the next package of measures that it will have to take are purely financial. The pandemic is causing huge economic damage, with Europe being the most affected, given the massive spread of the virus in some of the most fragile …
More »The latest NSSI report emphasizes the need for pension reform
This week, the latest actuarial report of the National Social Security Institute was released, which analyzes the current financial state of the pension system and forecasts future developments. The report says in plain text that there is not enough money for pensions, and the deficit in the National Social Security Institute will continue to grow in the coming decades until 2070. As a result of …
More »What's the problem with the 2019 GDP data?
Today, the Bulgarian Socialist Party (BSP) accused the government of manipulating official statistical data on the country's current account, and hence - on the gross domestic product (GDP). The BSP's claim is that in practice one of the main components of GDP - net exports - was overstated in the 2019 data because ...
More »Why do I support the additional tax for programmers?
Hello, my name is Mitko Saitov and I am a programmer. I decided to respond to Tancho Gargov's comment regarding the proposal for an additional tax for programmers. Nobody eats software? Tancho, you are absolutely right. I am a programmer myself and have some experience in my profession. In recent years, I have been …
More »A call for the security and future of our money and savings
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 …
More »The ECB is inflating a dangerous bubble in the eurozone's sovereign debt
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 …
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EKIP– Expert Club for Economics and Politics A Different Opinion