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Economy

Healthcare – short-term problems and ideas with long-term effects during a crisis

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 …

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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 …

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The latest NSSI report emphasizes the need for pension reform

NSI report

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 …

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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 ...

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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 …

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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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