Economy

Author: Nikolay Filibev Earlier this week, the parliament adopted at first reading another proposal by the Ministry of Finance to tighten the restriction on cash payments. Bulgaria is one of the few countries in the EU with such a restriction. Even some of the most developed economies in the EU are without any limit …

Budget 2018 is extremely left-wing. This is important to say. When you increase taxes, when you increase public spending, this is left-wing politics. This was said by economist from EKIP Nikola Filipov on the Investbook show on Bloomberg TV Bulgaria with host Dimitar Vuchev. "This is a serious problem for me, which in the years will lead to deep …

After the latest upheavals in the healthcare sector, it is necessary for the power to be taken over by an expert who can offer optimal solutions to the problems in the sector - ones that will not harm the budget and will optimize the consumption of money from health contributions to the extent that they meet ...

We at EKIP are honored to publish a fundamental critical analysis by economist Georgi Ganev of the acclaimed "Plan B in the Currency Board Discussion" by Assoc. Prof. Dr. Ivan Kostov. In this "plan", Kostov practically proposes that the currency board in Bulgaria be dismantled, even though it was created precisely at the beginning of its own …

Art. 48. (1) Citizens have the right to work. The state shall ensure the creation of conditions for the exercise of this right. Constitution of the Republic of Bulgaria In the Constitution we read that every citizen of Bulgaria has the right to work, and a citizen is anyone whose at least one parent is a Bulgarian citizen or who is …

Budget 2018 is in fact just a worse version of Budget 2017. The government continues with the same vicious practices of higher spending in the absence of structural reforms and increases in the tax burden, which will worsen the business environment and hit the incomes of workers. And, of course, the biggest disappointment of …

The 2018 draft budget is a worse remix of the 2017 budget, which itself was pretty bad. So, the 2018 budget is downright tragic, in my opinion. This was said by economist Georgi Vuldzhev, from the Expert Club for Economics and Politics (EKIP), on the Boom & Bust show on Bloomberg TV Bulgaria with hosts Vladimir Sirkarov and Kuzman …

Jonathan Newman, Mises Institute A great wave of anti-market and pro-socialist opinions has flooded the media in recent years. In most cases, these anti-markets make no distinction between state-sponsored organizations like the IMF and real markets. But that doesn’t matter, because the articles are often populist and vaguely worded – …

A week ago, it was exactly 30 years since one of the biggest one-day crashes in financial markets in human history – the so-called "Black Monday". On October 19, 1987, stock exchanges around the world lost a huge percentage of their capitalization in just a few hours. By the end of the month, the markets …

The EU Council of Ministers[1] has endorsed the European Pillar of Social Rights. The Pillar consists of 20 principles that aim to provide equal working conditions and social protection, but in essence constitute a trampling on fundamental ideas of a market economy and society. Although it does not have the force of law, the Pillar is a political …