Economy

Continued from Part I Continuing our discussion of the denial of personal freedom, we will examine how shifting responsibility to poorly functioning institutions pre-emptively limits our economic freedom. 2) The government and its ministries, agencies, and supporting institutions must ensure that every individual dream and …

Let's not be fooled. The European economy is on the brink of recession. In the last few months, industrial production in Germany has fallen to its highest levels since 2013 (during the Euro crisis). This has dragged down the industry of a number of other European countries, such as Bulgaria, which rely on Germany as a major market …

The lack of a moral compass is a correctable evil. The ability of a person to develop and make mistakes, without this being accepted as his only and final state, helps us develop as people and as individuals. However, in order to continue to develop, we must take on …

Wherever we turn, deflation is always portrayed negatively, and every author is quick to present the fight against deflation as the absolute minimum for economic competence. There are two definitions of deflation: one is a “fall in the price level,” as measured by the so-called Consumer Price Index; a definition common to mainstream economists. …

Pension reform for the young is one of the leading campaigns of EKIP, which is why our experts are often invited by the media on this topic. In February, our editor-in-chief – Georgi Vuldjev – had important appearances on the topic on some of the largest television stations. At the beginning of the month, on the air of the morning block …

Global markets continue to grow, but at a slower pace than in January The average yield of universal pension funds in our country slightly decreases SOXIF performs worse than global markets in the first two months of 2019 The price of gold falls at the end of February February, like January, was quite good …

Our editor-in-chief Georgi Vuldjev was invited to the show "More of the Day" on BNT to comment on the latest changes in the method of calculating state pensions and the state of the pension system as a whole. Vuldjev got into an argument with Ivan Neykov, one of the architects of the current system, regarding its current financial state, …

State of the system, socio-economic impacts and prospects for liberalization This study provides a macroeconomic, socio-economic and fiscal assessment of the possibility of liberalizing the food voucher system in Bulgaria. You can read the full text of the study here. It takes into account the development of the country since 2012, especially the dynamics of incomes …

A huge change is happening before our eyes, while we keep our eyes closed. At the end of December 2018, official talks began in Brussels on a change in the decision-making procedure on tax policy issues. EU officials and certain forces in the Union are seeking to change the current system of unanimity (on the part of …

Welcome to our newest column, with which we are expanding the content related to the Virtual Pension Fund and our Pension Reform for the Young. Within the new column "Market Commentary", the editor-in-chief of EKIP Georgi Vuldjev, who is also the chairman of the board of our modest Virtual Pension Fund, will provide short monthly …