The charm of the English countryside is indescribable – breathtaking views, ancient narrow streets, with authentic stone architecture and beautiful houses with interiors from film sets. Before World War II, aristocratic families of the British Isles maintained large landed estates, which included, in addition to mansions, incredible parks and private villages. Today …
More »Isn't it time to talk about Swiss-style pension contributions?
As you probably understood from the news, all pensions were increased by 5.7% today, and the maximum pension ceiling was raised from 910 to 1200 leva. In itself, for some, this increase is certainly a cause for joy. But in reality, it should be a cause for reflection. Because the latest actions …
More »If we don't want a second CorpBank, we must close BDB
If you follow the local media, you've probably already heard about yet another scandalous loan granted by the Bulgarian Development Bank. This time, it's not about one of the big businesses connected to Delyan Peevski, but about another businessman with a dubious public reputation – Rumen Gaitanski, nicknamed "Vulka", known for his closeness to …
More »How did our "Virtual Pension Fund" perform in its first year?
For over a year now, we at EKIP have been conducting a very interesting experiment. With the launch of the Virtual Pension Fund last year, we set ourselves the goal of illustrating what we mean when we talk about alternatives to the current pension system in Bulgaria. A system that, as you may know, we criticize extremely harshly. Because …
More »Euro and currency board – comparison of results
The common European currency is not particularly successful in its task of bringing the peoples of the Old Continent closer together – this is easily seen in the division of Europe into one or two speeds, the groups of countries that comply with and do not comply with the Maastricht criteria, and of course the severe tension between center and periphery, north and south, expressed most clearly...
More »Central banks are the real cause of income inequality
Author: Frank Hollenbeck, Mises.org The gap between the rich and the poor continues to widen. In 1975, the top 1% of the U.S. population owned 8% of the economic wealth. Today, they own more than 20%. This is a striking change from the 1950s and 1960s, when the top 1% owned just over 10%. A study by Emmanuel Saez found that …
More »Differentiated VAT, flat VAT – which is better?
In recent weeks, the most current political and economic topic in the country has been the numerous proposals to abolish VAT, which seem to be pouring in from absolutely all sides of the political spectrum in the Bulgarian parliament. After the initial proposal, which came from the DPS, alternative ideas for abolishing the value-added tax have also appeared in …
More »What is the reason for the gender pay gap?
The gender pay gap is a topic that has shaken Western societies for at least a decade. Fortunately, in our country, despite attempts to create a local activist hubbub, the topic is still being viewed with a sober mind. There are good reasons for this, but it is still useful to look behind the numbers …
More »Which is the better hospital?
Healthcare spending is increasing year by year, with the largest increase in absolute terms over the past few years being observed in the hospital care item in the NHIF budget. It represents nearly 47% of the department's budget, and since 2014 it has grown by BGN 750 million, or …
More »The negative consequences of Trump's irrational war on the free market
At this stage of Donald Trump's presidency, it is extremely difficult to answer unequivocally the question of whether his term has been successful in economic terms. On the one hand, we have undoubtedly successfully implemented economic reforms, such as the reduction of corporate and personal tax rates, as well as the deregulation of a number of over-regulated sectors from …
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