Economy

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 …

The politicization of healthcare is already a fact – predicted, expected and dangerous. Some argue that this is for the good, that the health of the nation is too important a segment to be left to professionals, the healthcare industry or the individual. They also say that its management is an extremely important function of the current political …

IMPORTANT CLARIFICATION: The article was originally published on the website of the newspaper "SEGA". As a result of DEliberate semantic editing, corrections were made to the text WITHOUT being coordinated with the author. Therefore, we are now publishing the original of the article. We believe that the editorial staff of the newspaper "SEGA" owes the necessary apology for the semantic changes that ...

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: Frank Shostak, Mises.org The idea that more money can boost the economy is based on the belief that money has a stimulatory effect by increasing aggregate spending. More money in people’s pockets means they can spend more, and the rest follows from that. Money, in this sense, is a means …

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 …