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European companies will spend €200 billion on GDPR compliance

Author: Georgi Georgiev Companies in the European Union are expected to spend around 200 billion euros to bring their personal data processing and storage procedures into line with the General Data Protection Regulation (EU 2016/679). This is around 4 times the estimated GDP of Bulgaria for …

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Why is there no point in having a special law for "personal bankruptcy"?

personal bankruptcy

(Notes on the discussion of the idea in the media, statistics, the Quran and the Bible) Author: Krasen Stanchev "The matter I am considering is the same as that which Thomas Hobbes had in mind, only it is more enormous." - Woody Allen In addition to the analogies "that's how it is in the USA", "I experienced" this bankruptcy, "in many EU countries there is such a ...

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Three problems facing domestic healthcare

What are the critical points that the healthcare system will face by the end of 2018? Over the past few months, we have witnessed a number of scandals in the healthcare sector and an unceasing whirlpool of ideas, proposals and policies that, after an attempt to be put into practice, are rejected by the system in every possible way and …

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Without government regulations - greater initiative and wealth

(EXAMPLE FROM THE BULGARIAN EIGHTEENTH CENTURY) Author: Assoc. Prof. Dr. Hristiyan Atanasov A few words in advance Bulgarian historical science has long proven that the beginning of the Bulgarian Revival should be attributed to the period between the end of the 17th and the first decade of the 18th century. This is the moment of the initial awakening of already new …

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The Euro's Secret Weakness

euro weakness

We are in the process of yet another assault, organized by the native authorities, towards one of the half-wanted, half-unwanted so-called national goals. As with the Schengen zone, so with the common currency of the European Union, the government is wandering between a reasonable wait for the problems to be eventually resolved, aka Simeon Dyankov with the Euro, and enthusiastic demarches to …

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EKIP against the Euro on national airwaves

As one of the few right-wing economists who are skeptical about Bulgaria’s entry into the Eurozone, our editor-in-chief Georgi Vuldzhev and founder Stoyan Panchev recently took part in a number of television shows and debates on the topic. On NOVA TV, Stoyan Panchev confronted the former deputy minister …

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Economic freedom is the way to have freedom of speech

freedom of speech

The latest report by Reporters Without Borders once again ranked Bulgaria in the unenviable 111th position in terms of freedom of speech in the world. The debate on this topic in the country revolves mostly around the causes without looking for a way out of the situation. The solution to the problem of limited freedom of speech lies in economic freedom. …

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Why should Scotland introduce a flat tax?

Author: Nikolay Filibev With the arrival of April, a change in the tax system in Scotland came into effect. The existing income tax system in the UK is being complicated by adding two new rates and changing their scope. The main argument with which the minority Scottish National Party government was able to …

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