Economy

This week, a huge hysteria broke out in the public sphere regarding the payment of "second" pensions from mandatory private pension funds. It became clear that the amount of the combination of state and private pension may turn out to be less than if you take only the state one. And because no one explained what it actually …

In September, the EKIP presented the analysis - "Economic Status and Development of Small Regional Centers in Bulgaria". The focus was on the 8 regional centers with the smallest urban population in the country since 2007-2008. These are the municipalities of Montana, Lovech, Silistra, Razgrad, Targovishte, Kardzhali, Kyustendil and Smolyan. The data we examined include both …

Extremely quickly and without almost any in-depth discussions, the 2020 Budget was adopted on first reading this week. We cannot help but be left with the impression that the budget for next year was very much overrun. And it shouldn't be, especially considering that this year the economic …

Author: György Matolcsy, Governor of the Central Bank of Hungary It is time to find a way out of the euro trap. There is a harmful dogma that the euro is the "natural" next step towards the unification of Western Europe. But the common European currency was not natural at all, because almost none of the conditions for its establishment were …

This week, the Council of Ministers approved the draft law on the state budget for 2020. It was announced by Finance Minister Vladislav Goranov as realistic, balanced and without surprises. Indeed, “without surprises” is an accurate definition – Budget 2020 carries the spirit of the same policy as in the preparation of the previous ones. But, fortunately, for …

The lagging behind of most regions in the country compared to the major economic centers and the need for fiscal decentralization are topics that have been discussed for decades. Everyone knows that there is a problem and something needs to be done about it if we do not want Bulgaria to turn into a semi-desert with only a few large cities that …

With the arrival of autumn comes the budget season in the country. The draft budget for the next year (or at least its final touches) is always prepared in October and published towards the end of the month, and every time we from EKIP evaluate it...with great disappointment. This time we decided to take matters into our own hands and …

| Full text of the analysis | In Bulgaria, there is often talk about the lagging behind of small municipalities and districts compared to large ones, but unfortunately never with enough specificity and clarity. While everyone is aware that there are problems in small districts and municipalities, very little is known about what they are exactly and …

"I will not close hospitals during my term" Election situation and political promises The elections are approaching rapidly, the political situation is intensifying, the promises to the electorate are becoming more radical and unarguable. Each of the candidates is striving to encompass interest groups and satisfy their needs and desires. In this turbulent political …

Author: Mark Thornton, Mises.org We are constantly told that unprecedented levels of money printing by the Federal Reserve and other central banks are necessary to stimulate the economy, create jobs, and generate economic growth. The truth is, this is a scheme to covertly steal purchasing power…