Economy

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...

After making a clumsy attempt to protect the hotel business from AIRBNB through categorization, politicians are trying a new blow. Menda Stoyanova and Valeri Simeonov have proposed a patent tax to be imposed on apartments advertised on the online platform. The bloodthirsty passion of politicians to protect their convenient business interests is once again showing. They are offering all sorts of burdens for …

Author: Frank Shostak, Mises.org It is widely believed that the resources that in normal times are used to generate economic prosperity are not used to their full capacity during recessions. Some experts argue that what is needed in such situations are policies that will increase the availability of credit …

On October 12, a roundtable was held with the participation of the state, private funds, and experts, which was supposed to decide what the rules should be for paying the first pensions from the second insurance pillar, which is due to be in 2021. Or at least that's what they expected from the Association of Private Pension Funds, …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …

Author: Andrew Moran, libertynation.com When any of the many bubbles burst – choose your poison – and the next financial crisis hits Wall Street and Main Street, how will governments and central banks react? They have already fired all their unconventional bullets, from negative interest rates to massive money printing …

The biggest threat to the integrity and the general meaning of the second pillar of pension insurance are the ideas to make it more "social" or "solidarity" on the model of the first (state) pillar. We must never forget that, in theory, the state and private pillars of mandatory pension insurance should complement each other. One …

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The world economy is synchronously falling into the zone of another powerful turbulence. This is no coincidence, given all the efforts of central banks and governments. It is they who take care of the synchronization in the inflation of market bubbles of various assets and resources. It is they who succumb to lobbying …

|Full text of the analysis| The results of the study of the Bulgarian market show the conclusions of previous analyses, such as the one commissioned by the European Commission in 2019, concerning the positive effects of the entry of biosimilar medicines into European markets. In other words, price competition between biosimilar medicines and reference medicines (together and among themselves) allows …

Every year, with the voting of each new state budget, the topic of pensions is invariably raised. This year, the debate has been extremely heated, even reaching the point of statements that the second pillar of the pension system is a pyramid scheme. However, anyone who claims such a thing is lying to you, or simply does not …