Earlier this week, we from the EKIP were officially quoted by one of the largest newspapers in Germany – Die Welt. As part of Die Welt’s coverage of Bulgaria’s application for eurozone membership, our team was recently interviewed about our expert opinion on the topic. In their article Die …
More »Georgi Vuldjev: The State Pension Fund is de facto bankrupt
Original publication of the interview: Frognews.bg - Mr. Vuldjev, everyone has heard about the hole in the pension insurance system in Bulgaria. How big is this hole actually to date and what does this mean? - The budget of the National Social Security Institute for 2018 includes a deficit of nearly 4 billion leva for the Pensions Fund, which ...
More »The First Bulgarian Five-Year Plan
Five-year plan is the abbreviated name of the five-year plans, through which economic development is centrally controlled and planned under socialist conditions. That is why the socialist countries of Eastern Europe are often called countries with central planning, although five-year plans also exist outside the Eastern Bloc. The implementation of the economic goals set by the political leadership …
More »What makes nations rich?
/Part 1 – The Free Market/ Throughout human history, politicians, philosophers and economists from all over the world have been searching for a formula for government that would make people richer. Historically, countless different approaches have been tried. Empirically, however, it has been proven that only those political ideologies and economic theories that promote the philosophy …
More »What is "Pension Reform for the Young" and why is it needed?
|Full text of the analysis| The state pillar of the pension system in Bulgaria is in a state of practical bankruptcy. The situation is so critical that for working Bulgarians, who are currently in their 30s or 20s, most likely there simply will not be money to pay their pensions when …
More »The nationalization of CEZ harms all taxpayers and consumers
After a week of media drama, accusations, speculation, doubts, threats and scandals, the saga "Ginka Varbakova and the sale of CEZ" seems to have found its very unpleasant ending. The government officially announced that it will try to acquire a "controlling stake" in CEZ Bulgaria. In other words, the government wants to become the de facto controlling owner ...
More »The Catastrophe of the First Bulgarian Capitalism and Its Roots
The first Bulgarian capitalism roughly covers the period from the Liberation in 1878 to the September 9th coup in 1944. The economic, social and cultural achievements of these decades are the subject of numerous assessments. Even the most optimistic among them do not show particularly impressive results. Results of the first Bulgarian capitalism From 1878 to 1944 …
More »What is economic value? - response to Evgeny Dainov
Evgeni Dainov, one of the most famous public intellectuals in Bulgaria, published an article a few days ago about the "economists". A text in which he criticizes at length what he describes as the "economic" way of thinking. As someone who considers himself an economist, I was of course intrigued, but unfortunately I was left extremely disappointed...
More »Why services like Airbnb don't need government regulation
Over the past week, the proposal of the Minister of Tourism Nikolina Angelkova to introduce stricter regulation of sites like Airbnb.com has become a serious subject of debate in the media space. Angelkova's thesis is that these sites practically operate as intermediaries of hotel services. For the uninitiated, in simple terms Airbnb.com is …
More »About Novartis and corruption in healthcare
What happens when a country has a limited public resource for healthcare that has no clear owner? Quite simply – it is distributed according to the needs of certain market players, and the entire system starts bidding for a piece of it. What happens? This is also the case with …
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EKIP– Expert Club for Economics and Politics A Different Opinion