Economy

There comes a time in every person's life when he or she must decide for themselves which values will be the compass by which they will choose their direction of movement. Inevitably, this also applies to larger organisms, and here let my analogy abruptly shift to companies and countries. Lately, many different …

 Food prices in Bulgaria are approaching the average European level, Violeta Ivanova from the Confederation of Bulgarian Trade Unions (CITUB) commented in the studio of “Hello, Bulgaria”. “Our food products reach 71% of the average European price levels, and some of them, such as vegetable oils, exceed the average European levels by about 9%. The prices of milk and dairy products …

Stock markets have been a hot topic in the media space for the past few weeks. The Dow Jones Industrial Average posted its biggest one-day drop since 2008 at the start of the month, falling 5.2% to 24,190.90 points. The S&P 500 also ended the first week of February down 5.2%, while the Nasdaq closed the week down 5.1% …

Bulgarian economic history cannot provide a universally valid answer to this question, but it can suggest in which direction to look. Therefore, it is worth paying a little attention to some of the supposedly “generally accepted” truths about Bulgaria’s economic past. Among them, one can point out the almost axiomatic statement that the economic …

Author: Steve Hanke, Forbes.com After Bulgaria escaped communism in 1990, Bulgarians experienced several hardships. The economy collapsed, there were bankruptcies, and this Balkan paradise experienced hyperinflation, reaching a staggering 242% in February 1997. Yes, on a monthly basis. Anticipating many of the problems that follow currency devaluation, I became …

1. The latest amendments to the Labor Code and their true purpose On December 22, 2017, in the Official Gazette, No. 102 of 2017, the Law on Amendments and Supplements to the Labor Code (“LALC”) was promulgated[i]. Most provisions entered into force on the day of promulgation[ii]. It is evident from the LALC itself that the true purpose of the legislative …

Defending the position "against" Bulgaria's possible entry into the Eurozone, our editor-in-chief Georgi Vuldzhev entered into a debate with former Deputy Prime Minister and Minister of Economy Nikolay Vassilev on bTV. According to Vuldzhev, the negatives of entering the Eurozone far outweigh the potential positives: If Bulgaria enters the Eurozone, which means eliminating …

This article is part of the "Black Book of Government Waste", published in 2015. With over 65 million leva in annual subsidies from the state budget, the Bulgarian National Television is the largest budget-financed media in the country. The television is an institution with a special status, performing certain public functions. The current director of BNT, Vyara Ankova …

Prohibition in the United States (1920-1933) is present in our minds mainly through the popular culture romanticized gangsters, secret bars and richly dressed ladies and gentlemen drinking forbidden cocktails. In fact, however, our modern societies have preserved something else that defines this historical period – and that is Prohibition itself. Although in …

Ludwig von Mises, original title in English: "Lord Keynes and Say's law" I Lord Keynes's main contribution to economic thought lies not in the development of new ideas, but in the "escape from the old", as he declares at the end of the preface to his "General Theory". Keynesians tell us that his famous ...