Economy

A European Central Bank[1] (ECB) survey of more than 8,079 companies from EU Member States in Central and Eastern Europe (CEE)[2] aims to understand how increases in minimum wages (MW) are affecting businesses in these countries. 456 Bulgarian companies were asked what …

Author: Lyubomir Alamanov I am using the tension surrounding Bansko and quickly recalling some basic principles in concession procedures. So, just for information: 1. A concession is a good tool for partnership between state and municipal administrations with private companies. 2. A concession is the provision of a state or municipal resource or property to a company called …

Author: Steven Horwitz, FEE.org Even the smartest economists can make the simplest mistake. Two contemporary books – “Violence and Social Order” by Douglas North, Barry Weigast, and John Joseph Wallis (not to be confused with John Wallis, a 17th-century mathematician) and “Why Nations Fail” by Daron Acemoglu and …

As a start to the latest column of the EKIP, in which we will present investment comments related to the financial markets, instead of reviewing 2017, I decided to look ahead to 2018. This is actually an old tradition on Wall Street - at the end of each year, large funds and banks present …

Christmas is the most commercialized holiday of the year?! While it is stigmatized with such statements, people rarely think about where Christmas comes from and what they actually celebrate. With this article, we bring some clarity to the historical origin of the holiday and its modern significance, especially in economic terms. How was Christmas born? The distant history Interesting …

Traditionally, Christmas Eve is an occasion for many Bulgarian families to sit down at a table and, at least for a short while, forget about television or social media. Such an atmosphere of domestic idyll and communication between generations is a great opportunity for evangelical fans of the market economy and personal freedom to bring political clarity …

Some time ago we decided to translate the wiki page of Eugen von Böhm-Bawerk, one of the founders of the Austrian School of Economics. We were unpleasantly surprised that the Bulgarian translation was not approved, but then again, libertarians are people who do not pride themselves on recognizing foreign authorities (even Wikipedia), so …

A few days ago, towards the end of last week, the ratio of the price of gold to that of silver reached one of its highest levels in recent years. After which, in the last few days, the ratio between the two began to fall and the trend going forward seems to be firmly downward. In this context, these …

Our economist Nikola Filipov is a guest on the show "Boom and Bust" on Bloomberg TV Bulgaria to comment on President Donald Trump's tax reform. He said that there are a lot of unknowns in the reform as a whole. "What is interesting about Trump's tax reform is that he doubles the so-called tax-deductible expenses," …

After the publication of the summary of the infamous BAS report on the Belene NPP and its financial profitability, the government is doing everything in its power to convince the public that the Belene NPP is not only a viable but also a necessary project. This, of course, is complete nonsense. The only reason any politician would be interested in …